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by ackalker 3987 days ago
Tough chance of any youth from my country trying to compete with him. Our government has imposed tough regulations on credit card ownership in order to curb personal debt.

Those who apply for a credit card must be 18 years or older and provide proof of stable income >= $2000/month before banks will even consider the application. Also, all credit cards are registered at our national credit registration office with their max withdrawal counted towards personal debt risk, so applying for or owning more than just a few CCs at any single time is very unlikely unless one has a very well paid job or other sources of income.

1 comments

Fortunately (for me) the US has no such rules, other than the age restriction. I joined this game four years ago when I was 21. Now that my credit file is built up, I can open five cards within a week or so and almost always get approved.

Within three years of starting I had available credit of 150% of my income.