A Request to Cancel Credit Card is a document sent from the owner of a credit card to the credit card company requesting that the card and the account be canceled. These are very simple documents with only the basic required information so that the credit card company can effectively close the account.
Sometimes, credit cards can be canceled over the phone, but either way, it is a best practice to send something to the credit card company in writing, so that there is a paper trail. People cancel credit cards when they are no longer needed or in order to fix their debt, and a written letter is a simple way to send the notice to the credit card company.
Please be aware that in order to effectively cancel a credit card, the balance needs to be zero. If it is not currently zero, it will need to be paid down in full before the card can be canceled.
This form letter is very simple, with only the required information included.
How to use this document
This document can be used in any situation where an individual that holds a credit card with a credit company would like to cancel the card. In this letter, the identifying information for the account holder will be entered, such as name, address, telephone number and account number. There is also an optional space for email.
Identifying details for the credit card company will be entered, as well. Finally, the entrant of the information will be asked if there is a zero balance on the card, as this is necessary for cancellation.
After this document is filled out, it should be printed, signed, and copied. One copy should be kept with the account holder and one copy sent to the credit card company, ideally through certified mail.
Credit card cancellation requests should include the requester's name and account number so that the company can find and close the account. Credit cards generally are covered by Federal law through the CARD Act of 2009.
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