my credit score has been the same for months (since January) ..
A few weeks ago, CIBC offered to switch out my no-fee Visa CC with an Infinite($99/yr-fee) Visa CC and will waive the first year of fee. "You've been approved !!! etc..."
I accept the offer, my new card is activated and all-else-being-equal* and I see my score dropped ... Is this to-be-expected?
*in this period, I did not apply for any financial products or declare bankrupty or go into arrears with lender or make any large purchase on existing credit cards or lines-of-credit, overall credit utilization has been static etc.
A few weeks ago, CIBC offered to switch out my no-fee Visa CC with an Infinite($99/yr-fee) Visa CC and will waive the first year of fee. "You've been approved !!! etc..."
I accept the offer, my new card is activated and all-else-being-equal* and I see my score dropped ... Is this to-be-expected?
*in this period, I did not apply for any financial products or declare bankrupty or go into arrears with lender or make any large purchase on existing credit cards or lines-of-credit, overall credit utilization has been static etc.