How long does a new credit card hurt your credit score?

CliveOfIndia

AnnikaJuarez said:

Getting a new credit card does have an initial impact on your credit score, mainly because of the hard inquiry lenders make on your credit report when you apply. However, if you manage the new credit card wisely—like paying off the full balance every month—this can actually help improve your credit score over time. Since you mentioned you're planning for a remortgage later in the year, applying for a new credit card now gives you a window to mitigate the initial dip with positive credit actions.

You're absolutely right that any credit application will cause your score to drop - it will drop in response to any change in your credit circumstances, whether good, bad or indifferent.

But please read the previous comments before you post.  It has been stated on this thread several times, and elsewhere on this forum literally hundreds, if not thousands, of times - the score dished out by the CRAs means absolutely nothing !

AnnikaJuarez

CliveOfIndia said:

AnnikaJuarez said:

Getting a new credit card does have an initial impact on your credit score, mainly because of the hard inquiry lenders make on your credit report when you apply. However, if you manage the new credit card wisely—like paying off the full balance every month—this can actually help improve your credit score over time. Since you mentioned you're planning for a remortgage later in the year, applying for a new credit card now gives you a window to mitigate the initial dip with positive credit actions.

You're absolutely right that any credit application will cause your score to drop - it will drop in response to any change in your credit circumstances, whether good, bad or indifferent.

But please read the previous comments before you post.  It has been stated on this thread several times, and elsewhere on this forum literally hundreds, if not thousands, of times - the score dished out by the CRAs means absolutely nothing !

Obviously, I'm not going to read every single thread here. But I believe you; I'm pretty sure it was mentioned a couple of times here on this forum in general.
But regarding other posts in this thread. For some reason, I didn't see them. Just the OP's post, and that's it. They became visible only after I submitted my reply. I guess it's a glitch.