Credit Score Management

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Mar 19 2010

How long will credit score take to return to normal after opening a new credit card?

Posted by: Alan in Credit Score, tags: After, Card, Credit, Long, normal, opening, return, Score, Take

I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points?

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This entry was posted on Friday, March 19th, 2010 at 9:43 pm and is filed under Credit Score. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “How long will credit score take to return to normal after opening a new credit card?”

RipCity says:

March 19th, 2010 at 9:55 pm
It depends on your score and other factors overall I have heard it can take about 3 years to but that also can change as you get more positive points. Excellent luck
cori says:

March 19th, 2010 at 10:20 pm
Your FICO dropped for at least 2 reasons:

1. You have a new inquiry on your report.

2. Your new account has lowered your average age of accounts.

if you are looking for the free credit score and report usa national site, check out this site

http://free-credit-report-national.com/

Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.