Subject: Cancellation of credit card
Dear Ms/Mr. ____________
It is with regret we announce that we are cancelling your credit card with no. ___________ (credit card number) , due to irregular and late payment.
We have informed you earlier also in letters dated _________ (date) that you have been not been paying the due interest on the amount deducted from your credit card. As no communication was made from your side stating the reason for the delay in the payments we are forced to cancel your card and bare all transactions to be made from it.
You have failed to pay last 5 installments of interest and amount in your account is too low to make any deduction.
We expect you to contact us at the earliest and make the payments, hence we may have to cancel and close your account.
To gather more information in this regard you may contact the manager at your nearest branch.