Manish Dhemeja Image Credit Source: GuinnessWorldRacords
On hearing the name of the credit card, people often think of shopping, bill payment and heavy bill coming at the end of the month. For many people, this is a debt trap that makes it difficult to get out. But there is also a person who has not one or two, but has a full 1,638 credit cards and he does not have a loan of one rupee. The name of this person is Manish Dhemeja, who has made this unique hobby a smart means of earning and has registered his name in the Guinness World Record.
Smart source of earnings
Manish Dhemeja is also known as ‘King of Credit Cards and Coins’. His title is not only for the number of cards, but for the unique ways of using them. Manish has studied the benefits and conditions of every card deeply. They know which card will get the highest cashback on shopping, with which card, the airport lounge will get free access and which card will give huge discounts on hotel booking.
The most important part of his strategy is ‘Zero Debt’ i.e. discipline of zero debt. They never spend more than their payment capacity and always pay the bill on time. With this, not only do they avoid the heavy burden of interest, but their credit score also remains excellent.
Who is Manish Dhemeja?
Manish Dhemeja, who lives in Delhi, is originally from Lucknow, the capital of Uttar Pradesh. His personality is not limited to credit cards only. They are twice the Guinness World Record holder – one for credit cards and the other for his huge collection of coins. He did his MCA from Integral University in Lucknow after doing BSc in Physics, Chemistry and Maths from CSJM University in Kanpur. After this, he has also obtained prestigious degrees like Master of Social Work from IGNOU, MTech in Data Science from Bits Pilani and MBA from Amity University. Currently, he holds a responsible post in the Department of Telecommunications, Government of India. He is also a data scientist, an artist, an artist, a pneumstist (coin collector) and a social worker. Through his YouTube channel and social media handles, he teaches thousands of people the right use and financial management tricks.
How to manage Manish his ‘card’?
Experts believe that managing so many credit cards can be very difficult and risky. This is expected to have a negative impact on your credit score and also increases the risk of getting caught in the debt trap. But it has become a children’s game for Manish. They say that they keep every card active, but they use them very thoughtfully and according to the need. He has developed a system that keeps a close watch on the billing bicycle, offers and benefits of every card.