Every month I check my credit score for free via my Discover It card account. My score generally holds steady so I know that any major drop is cause to dig a bit deeper and ensure nothing shady is going down.
Now many writers will share some comments about their credit score history in general, vague terms. I’ve gone much further. I created an infographic by overlaying my actual real-world credit card account opening and closing information on top of my actual real-world FICO credit score history plot. I’ve now updated the infographic through January 2017.
Here are a few key notes on my situation…
- I opened twelve cards over the last 28 months
- I closed seven cards over the same 28 months
- The lowest my score ever dropped to was 799 (a great score that will get you the best mortgage, loan rates, etc.). At first it may seem that my score dropped because I applied for three cards. However, note that in April 2015 I applied for four cards and my score wasn’t affected much at all. The key takeaway is that regardless of the reason for the temporary drop my score remained great and one month later was back to its previous value of 815.
- My score is now at 825, near the theoretical perfect score of 850
This Infographic Shows My Credit Score History as I Opened and Closed Cards
Want to know a whole lot more about how your credit score is calculated and which cards get you your credit score for free? Then head over to my page on the topic: Will Opening or Closing Credit Cards Hurt Your Credit Score?
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If you have questions on this topic, please feel free to post them in the comments section below and I’ll be happy to address them.