@Mdistefano1027 wrote:
Can anyone help me understand? Thank you for any responses.
One component of your score is your credit utilization rate (or ratio). If that figure is too high, a drop in your score can result.
See https://www.experian.com/blogs/ask-experian/credit-education/score-basics/credit-utilization-rate/
Further, you stated your credit card was issued three months ago, so perhaps the credit check is still factoring (negatively) into your credit score and perhaps the short length of time that you have had the card is also having a slight negative impact. With time, patience, and timely payments, your score will improve.
