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Question By
robgor

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How does a new store credit card affect my rating?
Recently received a new store credit card with a $7,000 credit line.

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Helpful to 2 out of 2 people

Lets see,

- New Hard inquire ( but will drop after 2 years )
+ Nice Credit Limit so Total Available credit went up.

+ Your Credit Card Utilization should have droped.

- Your Average Age of Open Accounts took a hit 

+ Total Accounts increased

Over all looks good,  but time will show the bigger picture. 

Congrats on the new Card.

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