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red2green

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Why did my score go down -2 after I applied and received a capitol one credit card?
No bill yet, so don't understand why it went down -2. Thank you.

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Temporary

I've found whenever you take out a new line of credit my score goes down temporarily. A hard credit inquiry and such. It will go back up in a couple of months unkless the new card is reporting a high balance percentage. That will knock the score down. To maximize percentage of credit used, have 1-9% total and no one card over 20% reported. 2 points is minor. 

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If you had taken advantage of the credit knowledge you can obtain by reading the articles on this site, yo[u would have knokwn that two point drops are just a "burp" in scoring and [no[thing to be overly concerned about. 

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