Credit Scores and Reports

Don’t fear credit score drop when applying for new card


Applying for a new card may trim a few points from your credit score, but it shouldn’t last — as long as you use the new card wisely

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Question for the expert

Dear Credit Score Report,
I have a credit score of 750. If I apply for a credit card, how many points roughly could my credit score drop? Cheers. — Joe


Answer for the expert

Hey Joe,
Applying for a new card may trim a few points from your robust credit score, but such a decline is unlikely to have a large or long-lasting impact on your borrowing.

There are lots of credit scores available to borrowers. Your inquiry doesn’t specify whic credit scoring model awarded you that 750, but since the FICO score is most often used in the United States, I’m guessing that’s the score you saw. FICO scores ranges from 300 to 850; the higher the score, the more likely it is you’ll repay loans, in FICO’s view. Applying for a new credit card may cause your FICO score to fall to account for the possibility you are taking on more debt than you can handle. Typically, however, the drop is small and the consumer’s score soon recovers.

Based on your credit score alone, I can’t give you an exact number of points you’ll lose — but neither can FICO.  When a new account gets opened, the points shaved off a consumer’s FICO score “tends to vary according to other pieces of information on the credit report, such as payment history, the length of time the person has been using credit and the number of recently opened accounts,” says Barry Paperno, consumer operations manager at We can, however, come up with a rough estimate: According to FICO’s website, for most borrowers, one additional credit application will result in a loss of fewer than five points.

So what does a loss of that size mean to a borrower with a FICO score of 750? Not much. Even if you lose five points, your credit score will remain within a range that allows you to qualify for the best rates on a 36-month auto loan and a 15-month home equity loan, as well as nearly the best rates on 30-year fixed mortgage, data on shows.

Meanwhile, your score should experience a speedy recovery. While the new credit inquiry will appear on your credit report for two years, “its impact in terms of scores diminishes within a matter of a few months,” says Rod Griffin, director of public education with credit bureau Experian. You can help the process along. “To ensure the quickest possible recovery of any points lost due to the opening of a new account, the best advice is to make all payments on time, keep account balances low and avoid opening any additional new accounts,” Paperno says.

But with a score of 750, I’m sure you already know about responsible borrowing.

Good luck!


See related:‘Hard’ inquiries have limited credit score impact

Meet’s reader Q&A experts

Does a personal finance problem have you worried? Monday through Saturday,’s Q&A experts answer questions from readers. Ask a question, or click on any expert to see their previous answers.




Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Credit Scores and Reports

Disabled and in debt: Three choices

A woman living on disability with credit card debt wants to stop paying the $5,800 she owes. Our expert outlines her choices.

See more stories
Credit Card Rate Report Updated: September 16th, 2020
Cash Back

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.