I just love when the Yated People who hold themselves to be the most knowledgeable and worldly of Chareidy Jewery seem to have no clue that there are thousands and thousands of people with many of them frum that are as good or better then this guy. http://matzav.com/meet-the-credit-card-king-with-300000-in-credit
I just love when the Yated People.................
i don't think so. http://finance.yahoo.com/banking-budgeting/article/112976/meet-credit-card-king-with-300000-in-credit-marketwatch?mod=bb-creditreportsHow many of us have more than this guy?
Walter Cavanagh owns 1497 valid credit cards!http://6starliving.com/the-man-who-owns-the-most-credit-cards/
This guy beats him far:
That's who I originally thought this thread was about.
That guy only collected cards . The Chochma is to collect the ones that are worth it.
Quantity vs. Quality. They each serve a different purpose, I don't think one is inherently better than the other.
I started this around six months ago, so I'm far from knowing everything. What benefit is there to get a card that has a zero sign up bonus without a great miles/points spending program. At least on this website it seems to be all about free stuff not cards locked up in a safe with some inevitably costing an annual fee . Unless you could parlay the fame into miles of course.
$300,000?Pfft. Wayyy more than that.Worthwhile quote, but one we knew already, “The ideal place to be is under a 10% utilization rate but over 0%,” FICO’s Paperno said.
The simple way for n00bs (or others with spend patterns higher than 10%) to work around this is to put large purchases on a business card, as those balances are usually not reported.
So if someone has say 10 million in credit on different cards (I'm sure a few people on here will have that soon enough). Can he buy that much in cash then transfer it to an offshore acct. and live it up in Israel the rest of their life?
Umm...and be an international fugitive? I'm sure Israel would be all too happy to hand you right back.
Or to pay up most of your bills before the cycle ends that way I'd doesn't hit your report?