Getting one more credit card will definitely change your credit score in a positive or a negative way. The way your credit score will be changed depends on many factors. For example, a new card will increase your overall available credit and lower your overall credit utilization ratio, which is good for your credit score. A new credit account also means that your overall age of credit history will shrink, which will lower your credit score. However, opening a new credit card won’t significantly change your credit score and a couple of on time monthly payments should bring it back again. You can use our credit score simulator to see how your credit score can possibly change.
BEST CREDIT CARD OFFERS from our partners:
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
Earn 1% cash back on gas and grocery purchases. Terms apply.
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit