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Question By
Jasminepaige

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Can opening up a new credit card help boost score even with an already 0 utilization?
Hi, just a quick question. I currently have a credit score of 680 with an auto loan 11,000, dept store credit card 1000 limit 0 balance, Barclays 1800 limit 0 balance, discover 2000 limit 0 balance, capital one 2250 limit 0 balance, chase and Cabelas 500 limit 0 balance, last but not lease the capital one secured credit card that started it all @ 300 limit 0 balance. My question is...I have a very good on time history and seemingly zero balance except for my auto loan, and just applied for an American Express and got an 10,000 limit (the highest I've ever gotten). Would this help push my credit score into the 700's??

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It might, because your available credit will increase. There might be a five point drop because of the credit inquiry. Otherwise congratulations on using credit wisely. 

Reply by
tammyrising

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I agree, Congrats on getting it up there. Just keep being smart, it is so easy to mess things up again if you are not careful.

Top Contributor
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I would let between 1-9% show on your card to get the most points.  FICO likes to see usage.  But only on one account.

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