Re: How will a Corporate AMEX card effect my credit score
- From: bugman1974@xxxxxxxxx
- Date: 10 May 2007 18:35:32 -0700
On May 7, 7:37 pm, Andrew White <nospam...@xxxxxxxxxxxxxxxxxx> wrote:
bugman1...@xxxxxxxxx wrote:
Hi All,
I am a 24yo engineer. I am working on saving some serious cash for a
house, which I plan to buy Q4 of this year. I currently have 1 credit
card, 1 debit card, and about $8K left on an auto loan. As of last
week I had a 755 FICO score. I am trying to keep the score high (and
even improve it if I can). I was told last week that I am supposed to
apply for an AMEX corporate T&E card (travel & expenses). How will
this effect my credit score? I assume it will generate an inquiry
(which will lower the score). Should I talk to my boss, and see if I
can hold off for ~6-8 months, or just apply for it and live with it.
(I wont really need the AMEX card for quite a while).
Thanks!
A single inquiry will NOT affect your score in any way. Multiple
inquiries in a short period of time would, but even then the effect is
not going to be drop you below the magic 720 threshold necessary for
getting the best pricing with the most restrictive lender out there.
Unfortunately the inquiry DID affect my score. The inquiry showed up
today, and my fico decreased 11 points. The new account hasnt shown
up yet, so I assume that will drop it even more. Argh...
.
- References:
- How will a Corporate AMEX card effect my credit score
- From: bugman1974
- How will a Corporate AMEX card effect my credit score
- Prev by Date: Re: Is 'do not call' wearing off?
- Next by Date: Re: Fake "Card Services" calls me a couple times a day
- Previous by thread: Re: How will a Corporate AMEX card effect my credit score
- Next by thread: Re: How will a Corporate AMEX card effect my credit score
- Index(es):
Relevant Pages
|
