So, I just got both Freedom and CSP about 1 month ago. My scores dropped 13-17 points as a result of the new accounts, which I was expecting. However, I remembered reading here on the forums that Chase will update to CR mid-statement cycle if you go to “0” balance. None of my other accounts have ever done that, so I was a bit skeptical.
I did a fair amount of spend on both cards working toward my bonuses, then PIF and didn’t use the card for a few days to see what would happen. Sure enough, I can report that Chase did update when I had “0” balances and I got a nice 5 point bump on all my reports as a result! Not a big deal for the 800 club, but for those of us trying to stay in the 700 club it was a nice boost and pushed my Equifax score back over 700. 701, just looks much better than 697!!
I know scores will bounce around and it will drop back down, but just thought I would share, for those of you looking for a way to tweak out those few extra points before your next statement date for app spree, mortgage or what have you.