ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Credit Cards Do Not = Your $'s

Updated on January 28, 2011

Credit Card Limits Are Not Your Bank Dollars

It's time to look at credit cards in a new light. We need to rethink how we view the credit card limit amount on our accounts. Just because the plastic card has a color ranking: silver, gold, platinum, titanium, equivalent to a dollar range, does not mean more money in your pocket.


1). My grandmother just paid off a charge card with an $11,000 credit limit granted to a person nearly a century old. How did this happen? She lives in senior housing and owns no car nor home. What was used to cause this limit to increase over the years? She diligently paid her minimum amount due every month and increased payments to end the control of the debt over her. Since she was sending in a payment every month, her credit card limit was increased.

When the credit card company computer system recognized consistent monthly payments from a customer, it was programmed to increase the credit limit. Do you think my grandmother asked for an $11,000 credit limit? No! She doesn't know how it happened. If she had asked a representative at the card company, her account would have been reviewed and denied. She's retired and living on a fixed income and was carrying a gold card. She was able to payoff her debt and no longer live with the burden of the balance nor the option to run her debt up to the credit limit.

Dollar Amount.....Not Yours

The credit card limit does not define your worth. Whether the card has a limit from $300 - $50,000, it's not your money to spend nor save. If it's not in your bank savings account, or investment portfolio or stuffed away in bottles under planks in your home or wherever you think you might layaway money, the dollar amount on your plastic card is not yours. It's VISA, Discovery, Mastercard, American Express, etc.

You may have a tendency to think of the credit limit as savings. Not! The card company's marketing and advertising promotions imply strongly that the limit is spendable and easily available for use. Do not be deceived, the limit is, but the dollars aren't yours.

Rethink, re-program, face reality you're spending someone else's money everytime you "swipe" your credit card. Release the burden by telling yourself the truth -- This is not mine, I'm borrowing money at an annual percent rate so a company can make money every time I chose to use it without considering whether I can pay-off the balance at the end of the month.

In the past 10 years, my credit cards have been reduced from six to one. I was guilty of buying into the system. Like everyone else, it was fashionable to flip out a credit card holder from your wallet to make a payment. If the card was gold or platinum or titanium, it represented a status symbol. I have learned that status quo does not keep money in my pocket. Controlling my spending spree does.

Out of Control

It's gotten out of control. Every retail store you walk into offers an additional percent off your purchase if you open up a credit card with them. Think about it. The store is offering a 10% discount if you fill out the application. If it's approved, you'll be charged 15% - 29% APR. Who wins? The store! They'll not only get that 10% back, but as long as you purchase more products and pay on the account, they make more money. The more money they make the more you lose at an out-of -control amount far beyond the original 10% discount. JWhen the 10% offer is made, just say, " No!"

Credit card limits are not your bank dollars. The more you spend the more they set goals and higher financial strategies to get your money. Take back control of your money. One-by-one, step-by-step, we can change this economy around by getting out of debt. In return, you'll have "more money than month". In other words, you won't run out of money before the month is up.

Like this?  Go to my website,  for more. 


Submit a Comment

No comments yet.


This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)