5+ Sample Cancellation Letter Template For Credit Card Services

November 1, 2020

Cancellation Letter for Credit Card: In many banks, several customers are offered a facility to use credit cards. But, at different occasions, it may be necessary for either party to terminate the usage of a credit card. Since a credit card service cancellation communication has to be made to the other party in a formal fashion, it is necessary to stick to certain protocols and write a credit card cancellation letter.

Sample Cancellation Letter for Credit Card Example

Below is a sample of a letter a customer has to write to a bank manager in order to get his credit card canceled.

From,
Melvin Porter
P.O. Box 132 1599 Curabitur Rd.
Bandera South Dakota 45149
(959) 119-8364

Date-05-01-2014

To,
Hedy Greene
Ap #696-3279 Viverra. Avenue
Latrobe DE 38100

Dear Sir,

Subject - Termination of your credit card bearing number 1234 2358 2938

It is required for you to be informed that your credit card linked to the account bearing number 836462979 has been terminated with immediate effect.
It has been noticed that you have been a serial defaulter and have also not paid the interests on time. In spite of regular warnings from the bank, you have failed to comply with our rules. You have also been unreachable over the phone when our collection executives have tried getting in touch with you. We have also not received any communication from you regarding the same.
Therefore, we have decided to levy a fine, details of which shall be communicated to you soon.
We would require you to clear all the dues before we cancel the termination of your credit card.
Any queries regarding the same can be addressed to me over written forms of communication only.

Thank you,

Yours truly,
Melvin Porter
(Signature)

From,
Aaron Hawkins
5587 Nunc. Avenue
Erie Rhode Island 24975
(660) 663-4518

Date: 01-01-2017

To,
Ina Moran
P.O. Box 929 4189 Nunc Road
Lebanon KY 69409

Subject: Request to cancel my credit card - XXXX-XXXX-XXXX

Dear Sir,

I have been issued a credit card linked to account bearing number - XXXX-XXXX-XXXX. I have been using the card from the past three years and have been very satisfied with the services rendered by your bank. But, due to certain personal reasons, I no longer need the credit card. Therefore, I request you to terminate or cancel it with immediate effect.
The card details are as specified below :

Name on the card - Ram Sharma
Card number - XXXX-XXXX-XXXX
Date of expiry - April 2021
CVV - 023
Type of card - Platinum

I have cleared all the dues associated with this card. The last transaction was made in December 2018.
For my future reference and records, I would also like to request you to issue a confirmation letter regarding the termination of this card once it has been done.
Hope the needful will be done.

Thank you,

Yours sincerely,
Aaron Hawkins

Conclusion

A credit card is an important method of financial transactions. Due to the high value attached to it, it can become important to terminate it as quickly as possible at times. No matter the reason, it is also equally important to have clear and quick communication regarding the same, due to the urgency of the matter and the general standard of professionalism that financial transaction demands.

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