66 Credit Cards | Ramblings of an e-trader

Thursday, 20 January 2011

66 Credit Cards

I only have one credit card but prior to the implementation of Government credit card service charge of RM50 for principal cards and RM25 for supplementary cards, I have friends who have more than 10 cards. I often wonder how one could handle so many cards. After all, there are only so many purchases to be made. Besides, we do have to settle our credit card bill!

Today, I read about a CEO of a college in India who holds 66 credit cards from a dozen issuers. Manmohan Garg has to employ an accountant to help him manage his credit cards, maximizing credit and at the same time, making sure that all bills are up to date. Wow, isn't that way too many?

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