https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8480960
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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=3#post_8481018
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://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481019
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. 
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481040
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481119
Tejaa wrote: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.
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😉
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481124
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Spanjaykumar wrote: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😉
Haha, I was also thinking on a similar line. But offline wala banda almost aa gya tha kal, oh bhi barish me, I told him not to come, now don’t know if he will come or not! 
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481694
Thunder766 wrote:OneCard be like – What is cooldown?
Hhahaha – we are always cool!
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481739
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demerius2020 wrote:mujh to 6 month bola phir after 6 month 4 month aur bhara diya ki apne beech me try kia tha
I got pre approved sms again after 3 months exactly. Applied and got in minutes. But limit was reduced from 2L to 80k also card variant is classic.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481774
Tejaa wrote: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.
exact same issue. I closed my cc in jan…aftertthat whenever clicking the bannerwwhichssays11500 voucher and LTF getting the same error…offlinebbranch people saiduyouccanaapply here but 1500 voucher I doubt and also i ddoubtwwhetheriitwwillbbe LTF or not
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481784
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raj_all wrote:exact same issue. I closed my cc in jan…aftertthat whenever clicking the bannerwwhichssays11500 voucher and LTF getting the same error…offlinebbranch people saiduyouccanaapply here but 1500 voucher I doubt and also i ddoubtwwhetheriitwwillbbe LTF or not
LTF is condition based, so it’s same offline or online. The conditions are printed on the offline form. But this Amazon very unlikely we will get.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8481804
Cooldown period for HSBC bank is 3 months. Please add in list.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8482135
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8482156
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Spanjaykumar wrote:Bro Self Employed Ke Naam Se Hi Application Rejected Ho Jati H….Phir Student Select Karta To Instantly Hi Rejected Hoti….Mujhe Documents Upload Se Koi Issue Nhi H Bro….Bas Reject Na Ho
like I said , I selected student and got Moneyback+ with 50k limit
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8482159
callme_shri wrote: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!!
how do you apply for hsbc ? c2c possible and do you have to be from metro city?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8484918
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prem4998 wrote:50k limit won’t be a good idea for C2C basis for any card. Atleast 1L is needed but I would suggest 2L+ cards.
does smartpay follow card billing cycle for cashback ? like lets say my billing date is somewhere 15th of the month, will I get smartpay cashback twice in same month or does it follow the actual month for cashback?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485346
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Kochiro wrote:does smartpay follow card billing cycle for cashback ? like lets say my billing date is somewhere 15th of the month, will I get smartpay cashback twice in same month or does it follow the actual month for cashback?
For HDFC cc right? Smartbuy cashback will be posted within 2 or 3 days on transaction basis.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485461
Altruist wrote: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.
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.
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485466
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prem4998 wrote:For HDFC cc right? Smartbuy cashback will be posted within 2 or 3 days on transaction basis.
yeah and i got the cashback but smartbuy have cap of 1k rs right ? I bought phone few days ago and got 1k rs from smartbuy. Now if I buy another phone on 1st June, will I get cashback?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485497
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Tanmayyy wrote: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
based on credit score or salary slip ?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485523
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485602
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jk030753386 wrote:based on credit score or salary slip ?
C2C
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8485864
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Tanmayyy wrote: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
What is the benefits of this perticular card ?
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8486054
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8486061
https://www.desidime.com/discussions/credit-card-rejected-here-s-the-cooldown-period-you-have-to-wait?page=3#post_8486144
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jk030753386 wrote:C2C Means?
Card to card
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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.