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arod91

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My credit score dropped?
i applied for a credit card advised to me on credit karma and my score dropped 16points

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Your credit score most likely dropped due to the hard inquiry placed on your credit report when you applied for the credit card. It is typically a temporary drop and will likely rebound in a few months. Just be sure to use the card in a responsible manner to help increase your credit score and build positive credit history.

Follow these useful tips to help increase your credit score:

  • Keep your credit card utilization under 30% (though 1%-20% is key)
  • Pay on-time, every time - never miss a payment
  • Apply for new credit in moderation (less than twice a year or only when you absolutely need to)
  • Use credit to build credit - dont allow accounts to go inactive
  • Keep your oldest account open and in good standing

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