The two separate applications will result in two «hard pulls» on your credit report, resulting in
a temporary dip in your credit score.
That inquiry in itself can cause
a temporary dip in your credit score.
Not exact matches
The good news is that the
dip in your
credit score is probably
temporary if you're paying your bill
in full and on time each month, or at least getting your net balance owed below 30 % of your aggregate available
credit.
Looking at my
credit report with 20 + years of history, if I were to perform the same actions as you, I'd expect no change
in my
credit score at all (maybe a 1 - 2 point
temporary dip).
Surely worth the
temporary dip in score from the
credit inquiry itself, I'd think.