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mlb1961
February 8, 2020
Question

I opened a capital one credit card 2 months ago and paid balance due.when will this be added to my score and how many points will my 619 go up?

  • February 8, 2020
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    O
    Opus 17
    February 8, 2020

    It’s up to capital one when to report the new credit account to the credit bureaus. Opening a new account will usually lower your score at first, after a while as long as you make payments your score should go back up, But it also depends on your credit utilization. Having a $2000 credit limit and charging $1000 a month is not as good for your score as having a $2000 limit and charging $100 a month even if you pay off both bills in full. Because you want to show that you are not maximizing your credit use

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