Letter to cancel credit card due to increase in interest

GUIDELINES

  1. Write a brief but polite letter informing about the cancellation of your account. Cancelling your account may hamper your future business dealing with the company. So be cautious about your words.
  2. State the reason for cancellation of your account.
  3. Mention an alternative plan to pay off the account.
  4. Conclude with a polite note.

SAMPLE LETTER

[Senders Name]
[Address line]
[State, ZIP Code]

[Letter Date]

[Recipients Name]
[Address line]
[State, ZIP Code]

[Subject: Normally bold, summarizes the intention of the letter] -Optional-


Dear [Recipients Name],

I wish to cancel my credit card due to the latest increase in fee and interest. I have put in $200 to pay all my arrears. If I have somehow miscalculated, please notify me of any remaining amount. I appreciate your service.

Sincerely,

[Senders Name]
[Senders Title] -Optional-

[Enclosures: number] - Optional -
cc: [Name of copy recipient] - Optional -