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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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Hunk Hunk
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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. 

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.

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Deal Subedar Deal Subedar
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OneCard be like – What is cooldown? 

Finance Ninja Finance Ninja
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Idfc bank is not 6 months

Deal Major Deal Major
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Tanmayyy wrote:

Idfc bank is not 6 months

than ?

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. 

Deal Major Deal Major
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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!

Hunk Hunk
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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. 

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.

Finance Ninja Finance Ninja
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SBI has a cooldown for some co branded cards like ola

Finance Ninja Finance Ninja
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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.

Finance Ninja Finance Ninja
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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

Deal Cadet Deal Cadet
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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

Finance Ninja Finance Ninja
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timelord wrote:

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

Talk to your RM, he will definitely do it sweat_smile

Deal Cadet Deal Cadet
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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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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. 

Deal Subedar Deal Subedar
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can someone tell me about 

citi and

standard chartered and 

please?

Deal Subedar Deal Subedar
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--AJ-- wrote:

3 months

mujh to 6 month bola phir after 6 month 4 month aur bhara diya ki apne beech me try kia tha

Deal Cadet Deal Cadet
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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?

Deal Cadet Deal Cadet
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12thMan wrote:

Brother are you sure your CIBIL is 803?

https://cdn0.desidime.com/attachments/photos/770798/medium/F2622A01-13EE-4045-B169-579B25A8B908.jpeg?1653677994

yes why? Cibil is 803 and experian is 809. Checked via one app. Should I wait for more months? 

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

Finance Ninja Finance Ninja
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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?

Finance Ninja Finance Ninja
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12thMan wrote:

Brother are you sure your CIBIL is 803?

CIBIL 803 is normal. Why? sweat_smile

Finance Ninja Finance Ninja
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Kochiro wrote:

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

They do. IndusInd did for my friend too.

Deal Cadet Deal Cadet
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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. 

Deal Cadet Deal Cadet
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prem4998 wrote:

CIBIL 803 is normal. Why? sweat_smile

which one good? Experian 809 or cibil 803? 

Finance Ninja Finance Ninja
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Faug wrote:

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. 

Hdfc giving out LTF pre-approved cards to existing customers. I got one on my 3 month old hdfc account.

Edit: Family member account

Finance Ninja Finance Ninja
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Faug wrote:

which one good? Experian 809 or cibil 803? 

Cibil is perfect. Don’t see many above 800 these days. Experian is generous and can go upto 870 easily sweat_smile

Deal Subedar Deal Subedar
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12thMan wrote:

Brother are you sure your CIBIL is 803?

Delete

Deal Newbie Deal Newbie
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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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