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Credit Card Rejected? Here’s the Cooldown Period You Have to Wait

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bobby_123

In case you apply for a Credit Card and it gets rejected, in most cases, you cannot re-apply right away. It will get declined immediately. You have to wait for a specific period of time before you can apply again. This waiting period is termed as ‘Cooldown Period’.

Different banks can have different cooldown periods. In today’s post, I am listing down the cooldown periods for the most popular banks so that it helps you take an informed decision.

Things to Note:
  1. This cooldown period only applies to regular applications where you approach the bank for applying credit card and get rejected for any reason.
  2. In case you get a pre-approved credit card offer, the cooldown period doesn’t apply.
  3. In case you apply for a secured credit card against Fixed Deposit, the cooldown period doesn’t apply.
  4. Every time you apply, the bank will do a Hard Inquiry which may affect your CIBIL Score. Check out my other post to know about the CIBIL Inquiry Amounts of each bank.
Credit Cards’ Cooldown Period List:
Bank Cooldown Period Remarks
AU Bank 6 Months
Axis Bank No Cooldown 1
BOB Cards 3 Months
HDFC Bank 6 Months
ICICI Bank 6 Months
IndusInd Bank 3 Months
IDFC First Bank 6 Months
RBL Bank 3 Months
SBI No Cooldown
Yes Bank 3 Months

Remarks:

  1. Axis Bank has a 6 months cooldown period theoretically. But it is not strictly followed, especially if you apply via 3rd parties such as Flipkart App (for Axis Flipkart CC) or Google Pay App (for Axis Ace CC 1).
  2. SBI has no cooldown period. If you have your credit card rejected, you can easily re-apply again.

Please comment on other credit cards’ cooldown periods and I will update it. Thank you.

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Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
123 Comments  |  
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Deal Subedar Deal Subedar
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OneCard be like - What is cooldown? 

Budding Star Budding Star
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Hhahaha – we are always cool!

Finance Ninja Finance Ninja
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Idfc bank is not 6 months

Budding Star Budding Star
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than ?

View 6 more replies
Deal Subedar Deal Subedar
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For ICICI, my application got rejected instantly after submitting it. 

So I left thinking to apply for after few months.

Later they called me I guess it was almost one month, On call they confirmed my platinum card is approved. New application was applied from their end as they already had info from my old application. They confirmed the details again. No documents were required from my end.

In two days got confirmation email and then card dispatch. Also I was able to see card in iMobile app just after email.

So I think this cool down thing is decided as per customer relationship with Bank. 

Budding Star Budding Star
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Yeah may be it work like that…  but not sure!

View 32 more replies
Finance Ninja Finance Ninja
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SBI has a cooldown for some co branded cards like ola

Entertainer Entertainer
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I want to apply cc but I’m confused which one should I go for, I do 90-95% of my shopping online and currently use ICICI Amazon cc and Citibank. I never thought to get another but since Citibank is moving away, I need to look out for else now. 

Opened hdfc ac 4-5 months back with 3l as initial deposit with minimum maintaining of balance as 25k just to get cc but now changed my mind cause of so many t&c which I fail to understand so I created fd of 2.5l few days back. 

What other options I should look out for?  My cibil score is 803.  Any long term cc user here who can suggest?

Deal Subedar Deal Subedar
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you have overdone from your end. 

just do a few small transactions each month on ecom sites with hdfc debit card, they will come running for you. Just wait a little. 

View 13 more replies
Deal Subedar Deal Subedar
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can someone tell me about 

citi and

standard chartered and 

please?

Helpful Helpful
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FD card don’t make inquiry right ? SBM bank did for Paisabazaar card :/ I am trying to dispute it.

Generous Generous
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They do. IndusInd did for my friend too.

View 17 more replies
Savings Mentor Savings Mentor
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Thanks @bobby_123 good useful info and important for those who may be thinking of re-applying after just few weeks.

Budding Star Budding Star
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Welcome Bro!!

Helpful Helpful
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icici apay just got rejected, It was paperless :/  

Post Tycoon Post Tycoon
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I apllied for hsbc visa platinum on last saturday {21st may} till now no update from their end. BTW Video kyc is also done on thr same day!!

Post Tycoon Post Tycoon
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When can I expect the card delivery or where can I track the status of the card application

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Deal Newbie Deal Newbie
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What abt UNI card?

Pro Entertainer Pro Entertainer
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Had applied for a card when there wasn’t any pre-approved offer in a family HDFC account. The application got rejected and then later a week started receiving pre-approved emails even with the limit mentioned. But saying I’ve applied recently so can’t apply now. That means gotta wait 6 months right?
.
Branch wale bola offline process karna hoga, but in that case I won’t get welcome Amazon Voucher.  https://cdn0.desidime.com/attachments/photos/771164/medium/Screenshot_2022-05-27-17-59-42-13_6012fa4d4ddec268fc5c7112cbb265e7.jpg?1653810005

Helpful Helpful
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Bro Kya Guarantee H Ki 6 Months baad Amaozn GV wala Offer Available Hoga ya nahi…..Mere Sath bhi Shayad aisa hi hoga….3 days pehle apply kiya tha to wo rejected hoga or phir Pre-approved offer aayega…. lekin m to 6 Months ka wait nhi karunga….offlint hi le lunga😁…..Rahi Amaozn gv ki baat to wo to CRED ka new account bana kar nuksan bharpai kar lunga😉

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Mobile Guru Mobile Guru
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The problem is, banks want to lend money for those who don’t want but have good credit history and they don’t want to lend money to those in need but have poor credit rating. Irony of the world. Most elites get many stuff for free and don’t have to spend money. joy

Helpful Helpful
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Yeah mate if we had golf course access or some club membership. We will be there at least once a month while rich folks who get the membership for free barely show up.

Deal Cadet Deal Cadet
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Cooldown period for HSBC bank is 3 months. Please add in list. 

Cool Cool
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Is there a cooldown period in case the credit card application gets approved by SBI and Axis banks?

Generous Generous
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Not for Axis

Deal Newbie Deal Newbie
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I had applied for hdfc credit card since 3 years ago. Applied around 4 times after waiting every 6 month cooling period , but every time it’s got rejected.

My cibil is good around 780 , I have 2 icici , 2 Sbi , 1 BOB , 1 AXIS credit card, and more than 5 credit line services.

Still not understand what conflict with HDFC credit card dept. that every time I applied they rejected due to internal policy. 

Any suggestions?

Deal Cadet Deal Cadet
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Some banks do reject cc applications when total credit limit across all credit cards & credit lines is more than annual income. That may be case with you. 


If you still want hdfc cc, i would advise you to visit branch & apply there. There are high chances for approval although they may insist on opening saving account first. 

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Generous Generous
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my current reject list

IdfC

Sc

Deal Subedar Deal Subedar
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I have 9 cards and good cibil score but only indusind card application rejected for its internal policy, what exact internal policy is? After application reject how month shoul wait for fresh indusind card?

Deal Cadet Deal Cadet
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Banks may reject credit hungry persons like those with mean credit age of less than 3 years (when most cards have been issued in last 3 years) or applied for other cards recently. Or simply when overall credit limit of all cc is more than annual salary. Can’t say about Indus specifically but wait in period is 6 months for most banks. 

Generous Generous
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tellin u from exp = "ye sub doglapan h " just keep F applyin again and again till they gave up i got many card by consisitenly applyin  

Deal Newbie Deal Newbie
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Hdfc cc rejected 4 times , Already have 5 different bank cc... It's possible to apply Card to card for Hdfc cc... existing limit 3.2 lakh icici..

Generous Generous
Admin
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Did u called CC and asked for the reason of rejection?
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Finance Mentor Finance Mentor
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AU Credit Card Doesn't seem to follow the 6 Month mentioned Cooloff period , a known person got the application rejected in March or April , randomly checked today and got Application approved for AU Credit Card.

Finance Ninja Finance Ninja
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How? Without Applying? When should we apply then?
Deal Newbie Deal Newbie
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Does the cooldown still valid after a card has been approved? Like if I got approved for a card from ICICI then will I have to wait for another 6 months to apply for another ICICI card?

Savings Mentor Savings Mentor
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What's the cooldown period for Kotak Mahindra Bank credit cards?

Savings Mentor Savings Mentor
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Contacted Kotak customer care who told that the cooldown period is 6 months. They also basically confirmed what I had personally experienced - that "pre qualified credit card" or seeing an offer in Kotak app means nothing - they still ask for income proof/docs and hard CIBIL enquiry of course. It's the same as applying on your own without any "pre qualified" offer.

Finance Mentor Finance Mentor
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@some1anywhere964 i have a different experience, we got pre qualified Kotak LTF legend Credit card offer in our family, all applied and all got approved no documentation nothing submitted. 

Helpful Helpful
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it's been more than 3 months after rejection but still unable to apply BOB card..

unlike other banks changing email and mobile number didn't work here..

do i have to wait atleast 6 months ?

Savings Mentor Savings Mentor
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Can the experts clarify if the cooldown period is from the date of application for the card which got rejected or from the date of rejection (when they inform that it has been declined?)

Deal Cadet Deal Cadet
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It's from date of rejection. 

Deal Newbie Deal Newbie
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What's the time for SCB ? I have a CIBIL score of 750+ but got rejected citing internal policies.

Budding Star Budding Star
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not sure may be 3 months @abhishek012 any idea about it ?
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