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The Credit Card Termination Letter is a crucial document used by cardholders in New Zealand who wish to formally end their credit card agreement with their financial institution. This document, governed by New Zealand's Credit Contracts and Consumer Finance Act 2003, serves as an official record of the termination request and helps protect both the cardholder and the credit card issuer. It should be used when a cardholder has decided to close their credit card account, whether due to personal financial management decisions, switching to another provider, or other reasons. The letter typically includes account identification details, confirmation of account status, handling of any outstanding balances, and requests for written confirmation of closure. It's important that the letter clearly states the intention to terminate the credit card agreement and includes all relevant account information to ensure proper processing by the financial institution.

1. Sender Details: Full name and contact details of the cardholder, including current address

2. Date: Current date of writing the letter

3. Recipient Details: Bank/credit card issuer's name and address

4. Account Information: Credit card account number (last 4 digits only for security), type of card, and any relevant customer reference numbers

5. Subject Line: Clear indication that this is a request for credit card account termination

6. Request Statement: Clear and unambiguous statement requesting the termination/cancellation of the credit card

7. Account Status Declaration: Statement confirming that all outstanding balances have been paid or arrangement for final payment

8. Confirmation Request: Request for written confirmation of account closure and zero balance

9. Signature Block: Space for signature, printed name, and date