Rest assured, this is completely normal. When you submit an application for a new credit line, this results in a hard inquiry on your credit report, causing a temporary dip in your credit score – however, if you continue making on-time monthly payments and keep your credit utilization low, your score should bounce back in no time.
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That is a hard hit.. did you charge the CC up to the max on the first day?
If your credit score was low (below 600) a new card with a big balance would hurt.. The system believes you are in financial distress...
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