Kevin Murray (claystorm) wrote,
Kevin Murray
claystorm

New Year Means I Do Not Have To Pay My Credit Card?

So tonight I was looking at my bank account info and my credit card info online like I do a lot of the time when I noticed two things that were out of the ordinary.



First thing that I noticed was out of the ordinary was that my credit limit got raised by $1,500.00 this last billing cycle (I've only been a CitiCard customer for just over 6 months now) and second is that it appears that I do not have to pay my credit card ever again. Maybe its a new years present from CitiCards (ya right). More likely its just a glitch in the system, or the server that provides the next statement date was off line when I loaded that page.

So the whole next statement date thing really does not bother me at all, just makes me laugh that they used N/A. Granted, I am not sure what I would have used in place, but the N/A just cracks me up considering that N/A means not applicable. I guess it could mean not available, but I have never really seen it used that way before.

But what really gets me is the credit limit increase. I really should not bitch too much, because it does look good on the ye olde credit report and lowers my debit to credit limit ratio. But at the same point, we wonder how people get in trouble with credit cards and stuff like that, well this is how. We (the credit card companies) keep raising peoples credit limits with out them asking and some how people think that just because their credit limit got rasied, means they can, should, need, and/or must spend more.

People that is not true. Just cus you have a higher limit does not mean you must or should spend more. For me, I put most of everything on my credit card and then pay it off 100% at the end of the month. This is for two reasons. The first one is that it allows me to keep more money in my savings account, which allows me to have a higher daily balance, which gets me more interest. But the second reason, which for me is more important, is that it gives me one place to go look and see where my money has gone. It gives me a way to be accountable to myself (ya, I know, I use a credit card to be accountable. So what, I'm different).

Personally, I think a call, e-mail, or smoke signal asking me if I wanted a credit limit increase would be better then just raising it automatically. But then again, that would make sense, and god only knows we can not have that, can we?
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