Resolutions From Your Credit Card Company

A lot of you have already started coming up with your resolutions for the new year. Wouldn't it be nice if creditors and lenders came up with resolutions of their own - resolutions that benefitted us (their customers) and not themselves? I've been thinking of some resolutions I'd like credit card companies to make:

• Relaxed rules on late payments. In some cases, late payments cost almost $40 and result in an interest rate hike. Is it really fair for consumers to receive two punishments for a single action? It would be nice if creditors chose just one (reasonable) penalty.



• Automatically decreased interest rates for timely payments. If credit card companies punish you for late payments, shouldn't they reward you for timely payments? I'd like to see a company that lowers the interest rate of good customers, without the customer having to ask.

What resolutions should credit card companies make for 2008? Leave your ideas in the comments.