Sample Letter to Bank for Cancellation of Credit Card


Do you want to cancel your credit card and wondering how to write a request letter to your banker? Find the format of a sample letter in this article for cancellation of credit card.

There are various banks offering different types of credit cards to their customers. Though these cards are used for tension-free safe shopping, yet at times the customers feel it a burden while repaying, so they intend to terminate / cancel their credit card with immediate effect.

Read bank sample letter requesting for stop-payment on cheque, sample letter requesting forchange of signature and for getting a new ATM-PIN

Why You Need to Cancel Your Credit Card

There could be various reasons for the cancellation of a credit card. In the present scenario, a majority of banks in India are offering a wide range of cards to the customers. Many people are holding more than one credit card. After holding the cards for a certain period of time, you may feel that a specific card is not much useful to you. As you might find it difficult to manage too many cards, you feel like cancelling those cards which are not used by you. Or at times you think you are not getting much benefits from the card but on the contrary you feel it as an additional burden. There are multiple reasons for cancelling a credit card.

Find here bank sample letter requesting to waive off bank charges

How to Write a Letter to Bank for Cancellation of Credit Card


Write the letter on an A4 paper or on a white blank paper.



Your Full Name: ________
Address: _________
Mobile: ________
email id: _____ (not compulsory)

Date: In dd/mm/yyyy format

To
The Chief Manager
Bank Name
Branch Name
City

Dear sir / madam

Sub: Request to terminate / cancel my credit card - Reg.

Due to personal reasons, I don't need the credit card. Hence, I request you to terminate / cancel my credit card and the linked card account no. ____ (write the credit card account no.) with immediate effect.

The recent / last transaction that I made / authorized on this card was at ____ (write the name of the mall / shop where the last transaction was made with this card) on _____ (date) for an amount of Rs._______ (write the amount). Till date, I have cleared all the payments made with this card.

Further details of the card:

Name of the card: Write as it appears in the card e.g platinum card, master card etc.

Name of the card holder: Write the name as it appears in the card

Card No.: Write the credit card no.

Expiry date: Mention the expiry date in dd/mm/yyyy format

Further I request you to send me confirmation letter that my credit card / credit card account has be closed.

Thanking you,

Sincerely

Your signature

(Below signature, your full name in brackets as given in the bank records)



Find here the sample letter to bank for renewal of credit card

Things to Remember before Cancellation of Card

The most important point to keep in mind is that the bank will cancel your credit card only after you have cleared all the dues. Just sending a request letter to bank for cancellation of your credit is not enough. You should ensure that you have cleared all the dues including late payment charges if any.

Also insist the bank to give you a written acknowledgement that your credit card has been cancelled. Once you receive confirmation / acknowledgement on cancellation of your credit card from the bank, you need to cut the card into pieces across the magnetic strip.


Article by Kalyani
Kalyani is basically an educationist and presently a home-maker who is fruitfully utilizing her free time in freelancing, online content writing and above all blogging. She is an active lead editor at IndiaStudyChannel.com for over 2 years. She is an environmentalist who strives to protect the environment through the revival of age-old eco-friendly practices. She also strives to preserve the rich cultural heritage of India.

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