https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477016
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Credit Card Rejected? Here’s the Cooldown Period You Have to Wait
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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.
- This cooldown period only applies to regular applications where you approach the bank for applying credit card and get rejected for any reason.
- In case you get a pre-approved credit card offer, the cooldown period doesn’t apply.
- In case you apply for a secured credit card against Fixed Deposit, the cooldown period doesn’t apply.
- 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.
| 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:
- 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).
- 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.
Top Comments
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477023
Idfc bank is not 6 months
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477033
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bobby_123 wrote:than ?
@xxxyyyzzz can confirm the cooldown
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477073
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.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477119
TechnoFrendz wrote: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.
Yeah may be it work like that… but not sure!
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477136
TechnoFrendz wrote:The truth. If customer is a valuable one, bank will bend every rules to get that person a credit card. HDFC did that with my father.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.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477144
SBI has a cooldown for some co branded cards like ola
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477148
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Tanmayyy wrote:@xxxyyyzzz can confirm the cooldown
I applied on 1st December 21, but it was rejected.
Then I was able to apply again on the 7th Feb 22.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477157
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bikidas2060 wrote:The truth. If customer is a valuable one, bank will bend every rules to get that person a credit card. HDFC did that with my father.
Hdfc did that for me as well , application was rejected, asked hdfc why it was rejected, they said they’ll review the application once again , 2 days later got a mail from the nodal officer saying they approved my millenia card and i had the card in my hand after 1 day
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477225
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bikidas2060 wrote:The truth. If customer is a valuable one, bank will bend every rules to get that person a credit card. HDFC did that with my father.
My application got rejected recently. If I try to close the account will they approve my application. Mine is a gold speciale a/c upgraded to preferred banking
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477228
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477369
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?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477408
Faug wrote: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?
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.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477417
can someone tell me about
citi and
standard chartered and
please?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477491
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477546
Faug wrote: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?
Brother are you sure your CIBIL is 803?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477948
FD card don’t make inquiry right ? SBM bank did for Paisabazaar card :/ I am trying to dispute it.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477949
Faug wrote: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?
There is an offer running currently till May 31st. Did you check offers section in internet banking? Checked email inbox for any emails about credit cards?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477962
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prem4998 wrote:There is an offer running currently till May 31st. Did you check offers section in internet banking? Checked email inbox for any emails about credit cards?
what offer? Haven’t checked netbanking as I rarely login, use upi for all transactions. Will check tomorrow morning. No email offers as of now.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477969
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477973
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477975
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=1#post_8477993
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prem4998 wrote:They do. IndusInd did for my friend too.
SBM didn’t for onecard and I made icici FD card twice. No inquiry at all. Btw applied for icici apay and it got rejected :/ it was paperless. I did it thinking I will do c2c using newly approved hdfc card after 6 months but is it possible using 50k limit ?
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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.