Credit Score Question


S

Scott

If someone has a high credit score and they add a new credit card with a
$13,000 credit limit. They never carry a balance with the new card. Will
this extra available credit negatively impact their credit score?

Thanks!
Scott
 
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J

John A. Weeks III

Scott <[email protected]> said:
If someone has a high credit score and they add a new credit card with a
$13,000 credit limit. They never carry a balance with the new card. Will
this extra available credit negatively impact their credit score?
It will lower thier score a bit, but when someone has a high
credit score, you can likely lower them 50 to 100 points before
it makes any difference at all.

-john-
 
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S

SD

From my personal experience, new credit cards only caused a temporary
drop and in the long run, increase in my credit score. My theory is that
my borrowing % went down. I have the same $ outstanding on credit cards
but a much higher limit after a new card.
 

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