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Thread: Citibank AAdvantage VISA cards gone?
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Old Sep 17, 2008 | 5:53 pm
  #6  
kaukau
 
Join Date: Jun 2006
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Originally Posted by thehawk75
......Now funny thing is, since I've started churning (past 14 months) my credit score has definitely gone down by 50-60 points....I always thought that new accounts only mattered for like 10% of your score...........I'm surprised it would have that much of an effect.....
It's possible that the big drop is because lots of new accounts do not only count for just 10%, but also reduce the average Length Of Credit History criteria for 15%, and also affects the Type Of Credit Used criteria - only credit cards: no personal loans or HELOCs, etc. - for 10% - meaning that lots of new card churning might possibly affect up to 35% of one's credit score, not just 10%.

http://www.myfico.com/CreditEducatio...YourScore.aspx
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