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dimondgl3

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i had a score of 710 and opened a credit card with a 36$ balance. My score dropped 94 points. Why?

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opening new accounts will get a little bit of a ding for a few months. i think mine dropped 15 or so points, due to inquiries and new accounts lowering the average age of accounts. i opened 4 cards in the matter of a couple months.  mine came back pretty fast though, few months and all is well. 90 some points seems a bit much. i'd make sure nothing else happened to your credit to make that much of a drop. 

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If you are talking about the score here on CK, I have found that the Vantage score that they use here does not like new accounts so you will see a larger drop here then on your FICO scores... 

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