Money magazine reported that Scott Bilker boasts a portfolio of 80 credit cards and a FICO score of 794.
His rules:
- Banks are at your mercy. (Banks are competing for your business.)
- You need plenty of credit options to wrangle the best deals. (You need a lot of credit cards toalways get the best deals.)
- Always bargain for better. (Talk to the banks to get better deals.)
- Never overspend. (Stick to finance discipline.)
Scott is really an expert and consumer advocate of credit card. He wrote books and maintains a great website DebtSmart.com talking about credit card tricks and best consumer practices. Actually, this web site is a vivid personal finance bible by itself. I highly recommend the following sections especially:
Articles: A full collection of personal finance articles, categorized by topics.
Household Math Problems: A number of questions regarding real-world personal finance decisions. Bill professionally explains the underlying math in great details.
Quizzes and Tests: A few online tests about your personal finance shrewdness.