Credit card cancellation will not take effect immediately on the same day, and it will take some time to fully take effect. If you decide to cancel your credit card, you'd better wait a while before reapplying for a credit card from the same bank. It is suggested that you wait more than one month after closing your account before applying for a credit card from the same bank, which can shorten the waiting time for reapplication. If you apply for a credit card from the same bank again within one year after closing your account, it will usually be smoother. Credit card cancellation is a product of banks. Although the card will be returned after account cancellation, it will take about 45 days to complete the account cancellation process after account cancellation.