51Ƶ

Close Credit Card Letter for Malaysia

Close Credit Card Letter Template for Malaysia

A formal letter template used in Malaysia for requesting the closure of a credit card account, complying with Malaysian banking regulations and the Financial Services Act 2013. The document serves as an official communication between the cardholder and the bank, containing necessary personal and card information, clear closure instructions, and provisions for settling any outstanding balances. It includes specific sections addressing Malaysian banking requirements and consumer protection provisions, ensuring proper documentation of the account closure process.

Your data doesn't train Genie's AI

You keep IP ownership of your information

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Download a Standard Template

4.6 / 5
4.8 / 5
Access for free
OR

Alternatively: Run an advanced review of an existing
Close Credit Card Letter

Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.

What is a Close Credit Card Letter?

A Close Credit Card Letter is a formal document used in the Malaysian banking sector when a cardholder wishes to terminate their credit card agreement with a financial institution. This document must comply with Malaysian banking regulations, particularly the Financial Services Act 2013 and Bank Negara Malaysia guidelines. The letter serves as official documentation of the cardholder's request to close their credit card account and typically includes personal information, card details, confirmation of balance settlement, and handling of any recurring payments or rewards points. It's designed to protect both the cardholder and the bank by providing clear written evidence of the closure request and ensuring all necessary steps are taken to properly terminate the credit facility.

What sections should be included in a Close Credit Card Letter?

1. Personal Information: Account holder's full name, address, contact details, and any customer reference numbers

2. Card Details: Credit card number (last 4 digits), card type, and issuing bank details

3. Statement of Intent: Clear declaration requesting the closure of the credit card account

4. Account Status Declaration: Statement confirming all outstanding balances have been settled or will be settled

5. Confirmation Request: Request for written confirmation of account closure

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

What sections are optional to include in a Close Credit Card Letter?

1. Recurring Payment Declaration: Section listing any standing instructions or recurring payments that need to be cancelled, used when the card has active recurring payments

2. Rewards Points Status: Request regarding the status and handling of any remaining rewards points or miles, included when the card has an active rewards program

3. Secondary Card Cancellation: Instructions regarding supplementary cards, included when there are additional cardholders

4. Reason for Closure: Optional explanation for closing the account, included when required by bank policy or when the closure is due to service issues

What schedules should be included in a Close Credit Card Letter?

1. List of Recurring Payments: Detailed list of all standing instructions and recurring payments linked to the card

2. Card Return Form: Form acknowledging physical return of credit card, if required by the bank

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Malaysia

Publisher

Genie AI

Document Type

Letter of Credit

Cost

Free to use
Relevant legal definitions













Clauses










Relevant Industries

Banking

Financial Services

Consumer Finance

Retail Banking

Credit Services

Payment Services

Relevant Teams

Customer Service

Account Management

Credit Operations

Banking Operations

Compliance

Documentation

Card Services

Account Closure

Customer Relations

Legal

Relevant Roles

Account Manager

Customer Service Representative

Banking Operations Manager

Credit Card Services Manager

Compliance Officer

Financial Services Officer

Customer Relations Manager

Banking Documentation Specialist

Credit Operations Supervisor

Account Closure Specialist

Industries





Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Credit Note Letter To Customer

A Malaysian-compliant business document that formally acknowledges a reduction in a customer's payment obligation to a company, typically issued to correct billing errors or process returns.

find out more

Letter Of Credit Rates

A Malaysian banking document outlining the fee structure and commission rates for Letter of Credit services, governed by Malaysian financial regulations and banking laws.

find out more

Credit Limit Approval Letter To Customer

A Malaysian-compliant formal letter from a financial institution approving and establishing terms for a customer's credit facility.

find out more

Credit Application Request Letter

A formal letter requesting credit facilities from a Malaysian financial institution, complying with local banking regulations and requirements.

find out more

Letter Of Credit Limit

A Malaysian law-governed banking facility document establishing terms for issuing Letters of Credit up to an approved limit.

find out more

SBLC As Collateral

Malaysian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, incorporating local banking regulations and international practices.

find out more

Lc Invoice

A specialized commercial invoice document used in Letter of Credit transactions under Malaysian law, combining standard invoice elements with specific LC requirements for international trade.

find out more

Cash Letter Credit

A Malaysian-law governed banking instrument representing an irrevocable payment commitment from a bank to a beneficiary, subject to document compliance.

find out more

Marginal Deposit On Letter Of Credit

A Malaysian law-governed agreement establishing terms for a marginal deposit as security for a Letter of Credit facility, complying with local banking regulations and facilitating international trade financing.

find out more

Lc Agreement

A Malaysian law-governed agreement establishing terms and conditions for Letter of Credit issuance and management, complying with local banking regulations and international standards.

find out more

Lc Export Import

A Malaysian-compliant Letter of Credit document that facilitates secure international trade payments, governed by local banking laws and UCP 600.

find out more

SBLC For Buyers Credit

A Malaysian law-governed bank guarantee instrument supporting buyer's credit facilities in commercial transactions, providing payment security to creditors.

find out more

Letter Of Credit Collection

A Malaysian-compliant banking instruction document for international trade payment collection through Letter of Credit, governed by local financial regulations and international banking standards.

find out more

180 Days Usance Lc

A Malaysian law-governed Letter of Credit providing 180-day deferred payment terms for international trade transactions, combining local regulatory requirements with international banking practices.

find out more

Letter Of Credit Risk

A Malaysian jurisdiction risk assessment and management framework for Letter of Credit transactions, covering both conventional and Islamic banking requirements.

find out more

Letter Of Credit Fraud

A Malaysian law-governed document addressing letter of credit fraud in international trade, incorporating local banking regulations and international banking practices.

find out more

Letter Of Credit Amount

A Malaysian banking document specifying the amount and terms of a letter of credit, governed by Bank Negara Malaysia regulations and international UCP 600 guidelines.

find out more

Credit Facility Offer Letter

A Malaysian-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing key terms and conditions under Malaysian banking regulations.

find out more

Cash Collateralized Letter Of Credit

Malaysian law-governed agreement for a cash-backed letter of credit facility, establishing terms between bank, applicant, and beneficiary.

find out more

SBLC At Sight

A Malaysian-law governed Standby Letter of Credit that provides immediate payment guarantee upon presentation of compliant documents.

find out more

Usance Lc Discounting

Malaysian law-governed agreement for discounting of Usance Letters of Credit between financial institutions and beneficiaries.

find out more

Revolving SBLC

A Malaysian law-governed revolving standby letter of credit agreement establishing terms for an automatically renewable financial guarantee facility.

find out more

Payment Terms Dlc

Malaysian-law governed payment terms document for Documentary Letter of Credit transactions, establishing secure international trade payment conditions.

find out more

Non Transferable SBLC

A Malaysian law-governed Non-Transferable Standby Letter of Credit that provides payment guarantee to a specific beneficiary, with explicit prohibition on transfer or assignment.

find out more

Non Operative SBLC

A Malaysian-law governed standby letter of credit serving as a bank guarantee for payment or performance obligations, subject to Malaysian banking regulations.

find out more

Negotiable Lc

A Malaysian law-governed banking instrument that provides payment security in international trade through a negotiable letter of credit structure.

find out more

Mixed Payment Lc

A Malaysian-compliant financial instrument that combines multiple payment methods in a Letter of Credit for international trade transactions.

find out more

Irrevocable Non Transferable Letter Of Credit

A Malaysian law-governed banking instrument that provides an irrevocable and non-transferable payment guarantee in international trade, subject to document compliance.

find out more

Direct Pay Standby Letter Of Credit

A Malaysian law-governed standby letter of credit providing payment security through an irrevocable bank undertaking, subject to document compliance.

find out more

Credit Card Clearance Letter

A Malaysian banking document confirming complete settlement and closure of a credit card account, issued by the card-issuing bank.

find out more

Freely Negotiable Letter Of Credit

A Malaysian-governed banking instrument that provides payment assurance in international trade, allowing negotiation at any bank worldwide.

find out more

Transferable Lc At Sight

A Malaysian-compliant financial instrument allowing transfer of letter of credit rights to second beneficiaries with payment at sight, governed by UCP 600 and local banking regulations.

find out more

Straight Letter Of Credit

A Malaysian law-governed banking instrument providing direct, irrevocable payment commitment in international trade transactions.

find out more

Small Business Letter Of Credit

A Malaysian-law governed Letter of Credit document tailored for small business transactions, providing payment security in international trade.

find out more

Secured Letter Of Credit

A Malaysian law-governed financial instrument combining a traditional letter of credit with security arrangements, providing enhanced protection for the issuing bank through collateral requirements.

find out more

Red Letter Of Credit

A Malaysian-governed banking instrument that provides payment security in international trade transactions, subject to Malaysian banking regulations and UCP 600.

find out more

Loan Facility Letter

A Malaysian law-governed document issued by financial institutions outlining approved loan facility terms and conditions, compliant with local banking regulations and Financial Services Act 2013.

find out more

Non Operative Letter Of Credit

A Malaysian law-governed banking instrument that provides conditional payment guarantee in international trade, pending activation upon fulfillment of specified conditions.

find out more

Letter Of Credit 90 Days

A Malaysian law-governed trade finance instrument providing 90-day deferred payment terms with bank-guaranteed security for international trade transactions.

find out more

Letter Of Credit 60 Days

A Malaysian-law governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, regulated under local banking laws and UCP 600.

find out more
See more related templates

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

We are ISO27001 certified, so your data is secure

Organizational security:

You retain IP ownership of your documents and their information

You have full control over your data and who gets to see it