Closed my secured card, score dropped 117 points

Closed my secured card, score dropped 117 pointsClosed my secured card, score dropped 117 points
MichaelApash asked 5 years ago

So I closed my Capital One Secured Card after about 6 months of use, built my credit up to 743. I then closed the card after I got approved for two AMEX cards, then my credit took a huge hit of 117 points. Why such a huge drop? Also, with these new cards and young credit, will it rebuild back to 743 anytime soon?

BTW, it jumped almost 70 points so it’s not a total loss, but not back where it was. Whats with the drops and rises?

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