There is a call upon every born-again Christian. The call is unto dignity, honour, glory and virtue. It is a call to increase the believers not to demote them. Individuals in Christ, have honour and dignity reserved for them.
This implies that we have all been called to the same level of dignity and honour. These two words can be used interchangeably because they are close in meaning.
In essence, when the Bible says God has reserved dignity for the believer, there is the assurance that glorification is in view. 2 Peter 1:3 says:
According as his divine power hath given unto us all things that pertain unto life and godliness, through the knowledge of him that hath called us to glory and virtue:
You shall not miss your honour!