Too Many Business Credit Cards?

[Sagar Parikh]

Hi All, 

I invest in apartment buildings and use a separate LLC for each building. Each LLC has its own credit card used just for that building. I am about to close on a new deal, but I applied for 5-6 business credit cards through various banks and was denied on all of them.

I have excellent credit (800 credit) and no negative items, late payments, etc.  

Has anybody dealt with this type of issue?  

Any guidance would be appreciated.  

[Daniel Hyman]

If you are applied for cc's online and then received a denial letter, it never hurts to call the bank directly and ask for reconsideration. 

If nothing else, ask them for the reason for the denial. 

You may be able to negotiate by requesting a lower credit limit or by moving credit lines around from other cc's.