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Learn how to write a credit card cancellation letter. Use our sample credit card cancellation letters as templates for your credit card cancellation letter.
Sample 1 - Credit Card Cancellation Request Letter
[Date]
[Customer Service]
[Card Company Name]
[Company’s Address]
[City, State And ZIP Code]
Dear Sir or Madam:
On [DATE], I made a request by telephone to have my account closed. This letter is to serve as a written notice I am terminating my credit card account effective immediately.
Please close the following account:
Account Number: _________________
The last charge I made or authorized on this account was at [Name of Retailer] on [Date] in the amount of $______.
Furthermore, send me a written confirmation letter that my account has been closed.
Thank you for your prompt attention to this matter.
Sincerely,
[Signature]
[Your Name]
[Your Address]
[Your Phone Number/Email Address]
Sample 2 - Credit Card Cancellation Request Letter
[Date]
[Customer Service]
[Card Company Name]
[Company’s Address]
[City, State And ZIP Code]
Please let this letter serve as notice that I am terminating my credit card account with your bank effective immediately. Please close the following credit card account:
Account Number: _________________
Please send me written confirmation that my credit card account has been closed. Also, please confirm that you have notified all appropriate credit bureaus that this account was closed at my request.
Thank you for your prompt attention to this matter.
[Signature]
[Your Name]
[Your Address]
[Your Phone Number/Email Address]
Sample 3 - Credit Card Cancellation Request Email
To: bank@email.com
Subject: Credit Card Cancellation
Please take this email as notification that my credit card account with your bank (#0001237890) will be cancelled immediately.
Please email me confirmation of the closure of my credit card account. Please also confirm that you have notified the relevant credit bureaus that my account has been cancelled at my request.
Thank you for your prompt attention to this matter.
[Your Name]
[Your Address]
[Your Phone Number/Email Address]
Sample 4 - Credit Card Insurance Cancellation Letter
[Date]
[Customer Service]
[Card Company Name]
[Company’s Address]
[City, State And ZIP Code]
I am writing to request the cancellation of the insurance policy on my credit card account. The policy number is [Policy Number] and the account number is [Account Number].
I no longer wish to have this insurance and would like it to be cancelled effective immediately. I understand that I may be responsible for any charges or fees associated with canceling the policy.
Please confirm in writing that the insurance policy has been cancelled and that I will no longer be charged for it.
Thank you for your attention to this matter.
[Signature]
[Your Name]
[Account Number]
[Your Address]
[Your Phone Number/Email Address]
Frequently Asked Questions (FAQs)
1. How do I cancel a credit card?
Answer: To cancel a credit card, you will need to contact the credit card issuer and inform them of your decision. This can typically be done over the phone, through the issuer’s website, or by writing a letter.
You may need to provide identification and account information to verify your identity. It is important to confirm if there are any outstanding balance or fees, and if there is any annual fee for the card that is about to be charged.
2. What happens when I cancel a credit card?
Answer: When you cancel a credit card, the issuer will close your account and you will no longer be able to use the card. Any outstanding balance on the card will need to be paid in full.
Your credit score may be affected, as canceling a credit card can lower your credit utilization ratio, which is the amount of credit you are using compared to the amount of credit available to you.
3. Should I cancel a credit card that I don’t use?
Answer: Canceling a credit card that you don’t use may not have a significant impact on your credit score, as long as you keep your other credit card accounts open and active. However, it’s a good idea to check the terms of the card to see if there is an annual fee or if the card has a balance before canceling it.
4. What should I do with my credit card before canceling it?
Answer: Before canceling a credit card, it’s a good idea to pay off any outstanding balance and check for any recurring charges or automatic payments that you have set up on the card. You should also review your credit report to ensure that the account has been closed and that all transactions have been properly credited.
5. Can a credit card issuer cancel my credit card without my permission?
Answer: A credit card issuer can cancel your credit card if you have violated the terms of the card agreement, such as by making late payments or exceeding your credit limit.
They may also cancel your card if your account is inactive for a certain period of time. However, most of the time, the issuer will contact you before canceling your card and give you an opportunity to bring your account into good standing.
