Quote Originally Posted by Irving View Post
I currently have excellent credit, however, I just refinanced my house in the last month. I need a new credit card to get something going. Does anyone know if the hard inquiry for my refinance will pull my score down enough that I won't be able to be approved for a card that requires excellent credit?
Alternatively, I've started a business, and could also apply for a business card. When setting up a business line of credit, is my personal credit worthiness considered, or just that of my brand new business?
How many hard inquiries do you have on your credit files? Anything under 2-3 with a good credit score (740+) and you can get almost any CC out there. Biz CCs will pull your personal credit file to make their decision, but once you get the card any balances will not show up on your personal credit file. At one point I had 18 open credit cards, and my score actually went up due to my utilization percentage going down with the new found credit line across accounts. I apply for CCs several times a year for the miles and points, and my score is an 812-816 at all 3 agencies. We were able to do a 4 week around the world trip to 13 cities and 9 countries for free. All we paid for was food and entertainment. Planes, trains, and hotels were all paid with points, and we flew business class on Lufthansa, Thai, Air China, and United. (Los Angeles, Amsterdam, Brussels, London, Paris, Luxembourg, Heidelberg, Frankfurt, Bangkok, Kuala Lumpur, Singapore, Monterey, and San Francisco) This summer we're doing 3 weeks to Hong Kong, Macau, Bali, and Bangkok all in Cathay Pacific first class. That's over $50k in flights for under $300 in taxes and fees. Last year's flights were only $28k + $175 in taxes and fees.

What card(s) are you looking at?