Credit scores can be complicated, and it goes without saying that there are a lot of misconceptions about how they work. Everyone obviously wants the best score possible, and there are ways to help maximize that.
In writing about the increased sign-up bonuses on the Delta SkyMiles credit cards — in particular the Gold Delta SkyMiles® Credit Card from American Express and Gold Delta SkyMiles® Business Credit Card from American Express — there have been a lot of questions about how credit scores show up on your personal credit report. So I figured I’d clarify a few things, in the form of some FAQs.
Yes it does. A credit inquiry typically temporarily lowers your credit score by a couple of points, which isn’t a big deal. The inquiry generally falls off your credit report after 24 months. There are lots of other metrics of your credit score which can improve as a result of having more cards, like your credit utilization and payment history, which make up a much larger percentage of your credit score.
But for this there’s no differentiation between a personal card and a business card — a hard pull has the same impact, whether it’s from a personal or business card.