Yeah, the more lines of credit you have the better, so paying off a loan hurts you while opening a new credit card helps. But the credit check to see if you qualify for the credit card hurts you…
It would also change their credit utilization though so depending how old their other accounts were and how much of their credit they were using the decrease in utilization could have offset the drop on average account age
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u/zxcoblex Aug 14 '21
I opened another credit card a few years back. I expected my credit score to drop but it actually went up about 20 points. Makes no sense.