Ok, I have 2 credit cards. One I’ve been waiting to close out, but I purchased my school books on it and returned several so it took a little while to get everything through the system.
Now this card, C1, likes to raise my limit all the time. I think they’ve raised one every 3 months since I started using it. Normally I wouldn’t complain, but they’ll soon have my credit limit to about what I make in a year as a college student. It’s just kinda frightening to think that in one fell swoop I could purchase something with a credit card that will take me no less than a year to pay off.
Anyway, then there’s C2 which started me with a larger credit line than C1, so let’s hope they’re a little more sane and keep the credit line where it’s at.
But my question is, what happens when someone gets one of these cards and then spends and pays back and gets these credit raises until their credit limit IS more than they make in a year? Personally I think that’s getting up to the “evil corporation” line, but if you do get that much credit and spend yourself into a hole it’s no one’s fault except your’s.
April 21st, 2004 at 12:53 pm
Exactly, the point of a credit card is ease of allowing you to purchase items with money you are supposed to have/get. If people cant control their spending, then they definitely shouldnt have one.
April 25th, 2004 at 4:05 am
That’s right. You’re supposed to be able to control yourself with a credit card.