Canceling a Credit Card

We are simplifying our financial lives by canceling our Discover card. We've had this card for almost 22 years. We are canceling it because our Wells Fargo and Chase cards offered better rewards and we only wanted to have two cards.

Thursday, December 15, 2011
Customer Service Department
Discover Financial Services
P.O. Box 30943
Salt Lake City, UT 84130-0943

Re: Closing the account ending in _____

Dear Sir or Madam:

This letter is our formal request of closure of Discover credit card account ending in _______. Please close our account with your company and notify us by mail at the address below that this action has been taken.

In addition, please include on our credit report that the account was closed at our own request and that the account was in good standing at the time it was closed.

The reason we are closing this account is that we have two other credit cards that are our preferred cards. We have had great customer service from Discover and are in no way dissatisfied with Discover. We simply wish to have one less credit card.

If you have any questions, you can reach us at the address below.

Thank you for your prompt attention to this matter.

Best regards,

Two relevant articles:

How to cancel a credit card

How to cancel a credit card

1 comment:

  1. We really worked on a lot of financial issues this year:

    We ...
    * Moved 2 IRAs to no-fee IRAs.
    * Rebalanced one IRA by investing approximately half in blue chip stocks.
    * Finalized our exit from Proper.com (Not against this program but I think I can make more in the stock market)
    * Disposed of our Time Share (this is harder than one might think!)
    * Amped up our Escrow account to cover all insurance (not just homeowners insurance and property tax). We use an INGdirect savings account for this
    * Set up a travel account that we add to each week (again INGDirect)
    * Set up a gift savings account and budgeted this. We cut our Christmas gift spending by 60%. No one complained

    Next year we want to set up two new savings plans:

    * A home repair account AND
    * A auto repair account. We have had almost no auto repairs for a number of years. This year we replaced brakes and the battery on the truck


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