Meet the American with 1,500 Credit Cards

Walter Cavanagh is the American who made it into the Guinness World Records, thanks to a truly unique achievement: he holds 1,500 different valid credit cards. This is in stark contrast to the national average, where about 33% of people have one or two cards. Experts speculate that Cavanagh has discovered an unusual savings method, although it is considered by all to be quite an extreme practice and not necessarily needed.

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"There is no such thing as a correct number of credit cards," said Beverly Herzog, a credit expert and author on the subject. "It all depends on your ability to manage spending. If you use your cards responsibly, issue as many cards as you want or need." It is intriguing to consider if Cavanagh's $1.7 million credit limit has any new insights for this statement.