Blog
January 1st, 2009

Sample Credit Card Cancellation Letter

by

 

As we said earlier, forget 2008 — now it’s all about looking forward. A great way to begin the new year is to improve your credit score. Whether you want to take advantage of the historically-low mortgage rates, purchase a vehicle, or whatever else, a healthy credit score is the first step of the process. What better way to improve your score than to officially get rid of those credit cards you no longer use?

Cutting up your plastic isn’t enough; nor is a phone call. To properly close your account, you need to send a letter to the credit card company with your name, address, and account number and direct them to close your account.

The Dolans have provided an easy-to-use template to follow when writing to the credit card company:

[Your name]
[Your address]
[Date]

Dear Sir or Madam:

Please let this letter serve as notice that I am terminating my credit card account effective immediately. Please close the following account:

Credit Card Company: ____________
Account Number: ________________

Please send me written confirmation that my account has been closed. Also, please confirm that you have notified all appropriate credit card bureaus that this account was closed at my request.

Thank you for your prompt attention to this matter.

Sincerely,
[Your Signature]

If you haven’t checked your credit score recently, be sure to do so. You may discover that you have credit cards to your name you don’t even know about.

College students beware: filling out credit-card applications to get that free pair of sunglasses may have initiated a credit-card account you’re completely unaware of.

Share and Enjoy:
  • email
  • Print
  • RSS
  • Add to favorites
  • Yahoo! Bookmarks
  • Facebook
  • Twitter
  • Technorati
  • Digg
  • del.icio.us
  • Google Bookmarks
  • StumbleUpon
  • Yahoo! Buzz
  • Mixx
  • BlinkList
  • Live
  • Reddit

6 Responses to “Sample Credit Card Cancellation Letter”

  1. Visionary Realty News » Portions of #Credit Card Reform Take Effect affecting your ability to buy the American Dream: Your home. Says: August 24th, 2009 at 7:39 pm

    [...] -click here to see a sample credit-card cancellation letter- [...]

  2. sample Letters Says: November 26th, 2009 at 2:49 am

    The sample Credit card cancellation letter is very good. This is the best way to present a cancellation letter. The post is really very good.

  3. Tim Manni Says: November 30th, 2009 at 11:53 am

    Sample Letters,

    Thanks for the compliment! We strive to provide our readers with the best possible info.

    Thanks,
    Tim

  4. Visionary Realty News by Visionary Agents w/ American Home Hunters » Update1 OCC Issues ‘Additional Guidance’ On Portions of Credit Card Reform Already In Effect Says: January 5th, 2010 at 9:54 pm

    [...] -click here to see a sample credit-card cancellation letter- [...]

  5. john Says: May 28th, 2010 at 9:22 am

    I was looking for same letter.

    thanks for sharing,
    john

  6. Credit Cards Says: July 13th, 2010 at 8:23 am

    Great Post. I have been researching for the past 5-6 days and have been enjoying reading your blog posts. If you have any tips on credit cards, Please email me!

Leave a Comment

Receive Updates via Email

Delivered by FeedBurner

About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

Our bloggers:

Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

Connect With Us

  • rss feed icon
  • facebook icon
  • twitter icon

Compare Lowest Mortgage Rates

$