A credit card cancellation letter is a written communication from a cardholder to the credit card issuer, requesting that the account be closed.
The letter provides the cardholder’s name, address, and account number, and requests that the issuer close the account and send a confirmation of the cancellation.
Why Write a Credit Card Cancellation Letter?
Writing a credit card cancellation letter is necessary to formally request that the credit card account be closed. This can be important to avoid fees or to prevent unauthorized use of the card.
Additionally, canceling a credit card can help to improve the cardholder’s credit score by reducing their available credit.
How to Write a Credit Card Cancellation Letter
When writing a credit card cancellation letter, it is important to include specific information to ensure that the cancellation is processed correctly. Here are the steps to follow when writing a credit card cancellation letter:
Step 1: Gather Information
Gather all relevant information related to the credit card account, including the account number, the cardholder’s name, and the address associated with the account.
Step 2: Format the Letter
Format the letter like a formal business letter, with your name and contact information at the top, followed by the date and the recipient’s name and contact information.
Step 3: Request Cancellation
Request that the credit card account be canceled and provide the reason for the cancellation, if desired.
Step 4: Provide Your Account Information
Include your account information, such as the account number, to ensure that the cancellation is processed correctly.
Step 5: Request Confirmation
Request that the credit card issuer send a confirmation of the cancellation to your mailing address.
Step 6: Sign and Date the Letter
Sign and date the letter to indicate that you are the cardholder and that the information provided is accurate.
Credit Card Cancellation Letter Sample
[City, State ZIP Code]
[Your Phone Number]
[Your Email Address]
[Credit Card Issuer Name]
[City, State ZIP Code]
I am writing to request that my credit card account be canceled immediately. The account number is [Account Number] and is associated with the name [Cardholder Name] and the address [Cardholder Address].
Please cancel this account and confirm the cancellation in writing to the following address:
[Your Mailing Address]
I am canceling this credit card account because [Explain the reason for the cancellation, if desired].
Thank you for your assistance in canceling this credit card account. Please contact me if you require any additional information.