Biz Credit Question - How many biz cc applications are too much in one month?

[Anonymous]

In the last month....I have applied for about 6 biz credit cards from Citi.....have been approved for 4 of them....HD declined me...waiting for approval on 1 more...I have also applied for 3 GE backed cards...waiting to hear back from them (1 was a sam's card that was declined because the kid put in the wrong DUNS number).
Also applied for 2 HSBC cards - declined for both cause of corp. being under 2 years (they are tough!)

I read that applying for biz credit is not like applying for personal credit in that it does not hurt you....but if you apply too much...will they start looking at you?
How many is about right to apply for each month...I was told about 3-4.

I know I went a little overboard....but I was so happy to start building my biz credit that I went crazy! I know I have to stop!

[Anonymous]

Citi cards don't seem to care much but others like GE do. I look at it like personal.
When I was applying I was putting in like 4-5 apps a month but not all were the type where they pulled my report. Don't forget Equifax and Experian still show inquiries like your personals.

[Anonymous]

"Don't forget Equifax and Experian still show inquiries like your personals."

do you mean if i use my ss#?

forgot to mention.....these are all for cards with no pg & mostly store cards only...they are pulling my DUNS or EZ Biz Report...not personal...i have not used my ss# at all...i am staying away from those right now.....just trying to build my biz credit

Message Edited by molly73 on 09-15-2008 07:10 PM

[Anonymous]

Most do not use DUNS. You will find that most use Equifax and Experian but they may or may not look at DUNS to see your rating.

For example, the Citi gas cards use Experian.
Key uses Experian.
Homey Depot MC uses DUNS and Experian.
Lowes is Equifax.

Your EIN is basically a business social security number.

Message Edited by EddieX on 09-15-2008 08:16 PM

[Anonymous]

right........but that is not going to hit my personal credit...applying for biz credit with no pg is not counted against you.....they don't view it as a negative like they do with personal credit.

i am finding that citi cards always look at DUNS......GE sometimes looks at both....and HSBC....i have no idea.

i know for the bofa world points small biz card they look at duns too.....and here in tx they also do a soft pull from either TU or EQ for your personal credit.

[Anonymous]

I forgot Staples and Office Depot. Staples was purely DUNS and Office Depot was DUNS and Experian.

Inquiries are seen as negative just like personal. People get red flagged and all that. People have had their DUNS locked on them.

It's rare that a CREDIT card looks at DUNS, your Staples and all that might but the gas cards from Citi don't. Guess I should have been more specific. The Citi gas cards look at Experian and base it off that.

Other companies may have different needs of course but it's really rare that someone looks at DUNS over your others these days unless it's a big money account or loan.

DUNS runs off the small companies and a lot of creditors know that so they look at other reports more.

This has been my experience. Others may have a different experience.

Message Edited by EddieX on 09-15-2008 08:39 PM

[Anonymous]

thanks for the info!

well that sucks...cause i thought applying did not hurt your biz credit!

if you have your DUNS locked.....i guess that is not a good sign.....is it pretty easy to unlock it?

thanks again!

[Anonymous]

I never got locked, wouldn't know. But I don't ever want to deal with them...sick of them trying to sell you your own mother and everything under the sun.