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why did my credit drop 40 points when i got a credit card
Had a 681 credit score until I applied for the credit card. I expected it to drop a few points with the inquiry, and it did it dropped to a 671. Then the bill rolled around and I have paid it its in good standing not late no delinquent anything, and it dropped it all the way to a 621!!!! How is this possible?! I don't understand how a credit card in good standing can drop my score so dramatically. I have one other auto loan and its in good standing, I have no other new accounts no other inquiries no new negative accounts...please help

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