Photo for attention:
Hey Kiwi Farms
I was mentioned here, so I thought I'd chime in on my side of the CC story.
Quick background, i'm 22 years old and I currently have 17 credit cards amounting to just about $75,000 in available credit.
Many people think that having multiple credit cards is a stupid thing to do, and that it just leads to a downward spiral straight towards the seven layers of debt. I've never missed a credit card payment, I currently owe only a few hundred bucks worth of charges (all from this statement period), I don't pay any interest, and the banks essentially pay me to keep their credit cards. I certainly cannot speak for everyone on every forum that talks about these types of things, but I can tell you about myself.
In 2015, my credit card sign up bonuses, and benefits, as well as awards accrued through spending amounted to about $10,000 in profit for me. While this isn't cash I can spend, it allows me to go on vacations around the world, and stay in hotels that I wouldn't otherwise be able to afford. I enjoy travelling, but like many, can't afford to do it as often as I would like. Careful watching of the credit card industry, as well as knowledge of credit card benefits and sign up bonuses allows people like myself to do things they want to do without having to worry about cost.
Tomorrow I will actually be taking a 30 minute flight on jetblue, and earning 75,000 trueblue miles for doing so (though I don't carry the jetblue credit card). These 75,000 miles will cost me around $90, and can easily be worth over $750.
Due to the credit portfolio I have amassed, I was able this year to purchase a new car, with $0 down, financed over 72 months at a great interest rate.
This is not me bragging, I don't want it to come off that way. I just want to let people know there is another side to the story.
Happy to answer any questions anyone may have (even if the question is "y u autistic bro?"