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The Credit Card Cancellation Letter is a crucial document used in Saudi Arabia when a cardholder wishes to terminate their credit card agreement with a bank or financial institution. This document must align with Saudi Arabian Monetary Authority (SAMA) regulations and Islamic banking principles, which govern all financial transactions in the kingdom. The letter serves multiple purposes: it formally communicates the cardholder's intention to cancel, provides necessary account identification details, addresses outstanding balances, and creates an audit trail for both the bank and customer. It should be submitted along with required supporting documentation such as identification proof and may need to address supplementary cards, reward points, and outstanding payments. The document is particularly important in Saudi Arabia's banking system, where formal written communications are essential for account modifications and closures.

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

2. Date: Current date of writing the letter

3. Bank Information: Name and address of the bank/credit card issuer

4. Subject Line: Clear indication that this is a credit card cancellation request

5. Account Details: Credit card number (last 4 digits), account number, and other relevant identifiers

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

7. Outstanding Balance Declaration: Statement about any outstanding balance and commitment to pay

8. Signature: Physical or digital signature of the cardholder