Pete D’Arruda: The Credit-Card King

Meet Pete D’Arruda: A man with 25 charge cards, in excess of a quarter of a million dollars in available credit — along with a great deal of financial self-control.

D’Arruda states he has in excess of $300,000 in available credit thanks to some 25 Visas, Mastercards, and individual shop, airlines and gas cards — or about $12,000 per card. If he throws in his home-equity line of credit, it can be near to $400,000.

“It’s not taboo to have a bunch of credit cards,” mentioned D’Arruda, a private finance consultant who has been developing his credit trove for about five years. “It’s about how you manage them.”

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