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The Credit Card Cancellation Letter is an essential document used when a cardholder wishes to formally terminate their credit card agreement with a financial institution in Canada. This document is particularly important as it provides written proof of the cancellation request and helps protect both the cardholder and the financial institution under Canadian banking regulations. The letter should be used whenever a cardholder decides to close their credit card account, whether due to changing financial needs, dissatisfaction with service, or other reasons. It must include specific account details, explicit cancellation instructions, and address any outstanding balances or recurring payments. The document's format and content are influenced by requirements set forth in the Canadian Bank Act and provincial consumer protection legislation, ensuring proper documentation of the account closure process.

1. Sender Information: Full name, address, and contact details of the cardholder

2. Date: Current date of writing the letter

3. Recipient Information: Bank/credit card issuer's name, department, and full address

4. Account Details: Credit card account number (partially masked for security), type of card, and name as it appears on the card

5. Cancellation Request: Clear statement requesting immediate cancellation of the credit card

6. Balance Statement: Confirmation of zero balance or plans to pay remaining balance

7. Closing Statement: Request for written confirmation of account closure

8. Signature: Physical signature and printed name of the cardholder