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

leisha lampkin asked:


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?

Vicki

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Tags: Credit Card, credit score, Fico Score

This entry was posted on Friday, October 15th, 2010 at 7:45 am and is filed under Other - US Local Businesses. 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?”

1. RipCity Says:
   October 16th, 2010 at 7:56 am

   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. Good luck

2. cori Says:
   October 19th, 2010 at 6:26 am

   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

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

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