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The Termination Of Credit Card Letter is a essential document used in New Zealand when a cardholder wishes to formally end their credit card agreement with a financial institution. This document is designed to comply with New Zealand's financial services regulations, particularly the Credit Contracts and Consumer Finance Act 2003. It should be used when a cardholder has decided to close their credit card account, whether due to changing financial needs, switching providers, or other personal reasons. The letter includes crucial information such as account details, current balance, payment arrangements, and confirmation of card destruction. It serves as an official record of the termination request and helps ensure proper closure of the account while protecting both parties' interests. The document can be used by both individual consumers and business representatives, and it's particularly important for maintaining clear communication and documentation in financial matters.

1. Account Holder Information: Full name, address, and contact details of the credit card holder

2. Card and Account Details: Credit card number (partially masked), account number, and type of card

3. Termination Request: Clear statement requesting immediate termination of the credit card

4. Current Balance Statement: Confirmation of any outstanding balance and pending transactions

5. Payment Arrangements: Details of how any remaining balance will be paid

6. Card Destruction Confirmation: Statement confirming physical destruction of the credit card

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