- Centurion Member
- Posts: 4913
- Joined: Sun May 20, 2012 4:35 pm
- Location: WI
Well if you would have done anything different, in my view, it would have been to pay your debt down to say 25 percent, ideal is under 10. You may have gotten more from Chase that way, possibly Citi as well. Citi appears to be decent on CLIs, Chase has a reputation for being a bit stingy and they are usually hard pulls, but as always YMMV. Still with good use over time Chase would open up.
So I would say yeah ideally utilization would have been lower, but you did not do badly considering.
Your score will surely take some kind of hit, probably nothing to be too concerned about, and the sting will fade with time - after a couple of months it won't hurt much and after a year not at all. I think in fact your FICO may increase despite the inquiry, due to having more than one account plus your better utilization, it might surprise you. The inquiry will of course cost you a few points but one inquiry isn't going to kill anyone, except the MyFico guys who would have a stroke over that. Don't sweat it. Life has real problems, this isn't one of them.
Congratulations on your new cards, pay down your debt and take care of them and your score will grow.