This guys has 1,500 credit cards
01-05-2016 | 03:35 PM
#1
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Joined: Aug 2001
Posts: 68
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From: Madison, Wisconsin
Vehicle: 1999 Tiburon FX
This guys has 1,500 credit cards
1,500 credit cards and a near perfect credit score (or so he claims). Plus $1.7 million USD of credit line from all those cards combined.
http://time.com/money/4166577/guinne...t-card-holder/
Not too shabby indeed.
http://time.com/money/4166577/guinne...t-card-holder/
Not too shabby indeed.
01-05-2016 | 05:36 PM
#2
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Joined: May 2001
Posts: 7,164
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From: San Antonio, TEXAS!!!
Vehicle: 01 Tiburon Turbo, 99 Tiburon F2E, 2013 Avalon XLE Touring
Having gobs of available credit does NOT equal debt or bad credit. Some crappy lenders like to fool you into thinking so, but it's only to reduce THEIR risk.
I would like to know how he was able to get them all. Most issuers decline you no matter your score just because you have 5 new cards in 1 year.
The other common issue that most will cancel your card if you don't use it every 6 months to a year "to prevent fraud". Thought he claims to not use any but one.
I would like to know how he was able to get them all. Most issuers decline you no matter your score just because you have 5 new cards in 1 year.
The other common issue that most will cancel your card if you don't use it every 6 months to a year "to prevent fraud". Thought he claims to not use any but one.
01-06-2016 | 12:52 PM
#3
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From: Atlanta, GA
Vehicle: MC + RD2 + AW11 + 944 = 4x Win
Buy a pack of gum, send a payment the next day. 
The article says he did it pretty much on bet. Now it's a matter of pride being a world record.
As far as the debt issue is concerned, I can't even imagine 15k in credit card debt. It just sounds like an unreasonable scenario. I never let my debt grow beyond my liquid savings (retirement/long term not included) just in case, and for the most part pay off debts within a month or 2. And that's over half of a dozen lines of credit. 2 credit cards each at 7.5k seems a little....
The article says he did it pretty much on bet. Now it's a matter of pride being a world record.
As far as the debt issue is concerned, I can't even imagine 15k in credit card debt. It just sounds like an unreasonable scenario. I never let my debt grow beyond my liquid savings (retirement/long term not included) just in case, and for the most part pay off debts within a month or 2. And that's over half of a dozen lines of credit. 2 credit cards each at 7.5k seems a little....