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lube7777

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Card activation
I recently qualified for a credit card for Firestone because I was in need of new tires. I ended up not using the card and have not activated it. Can I cancel it without hurting my credit?

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Be aware that with some credit card accounts, they open whether you activate the card or not. You would have to contact the card issuer and ask if this account is actually opened or if it doesn't open until you activate and use the card. If there are no fees associated with the card, I would probably advise to keep it open, at least for a year or two (if the account is open)

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Consider the value of a hard inquiry

At this point, the only effect the card has had on your credit report is the hard inquiry that they likely ran to approve you for the card. Generally speaking, hard inquiries remain on your report for 2 years and you want to keep those inquiries to no more than 3 at any given time (ideally only 1-2). If you do not have any other inquiries on your report and are thinking about getting another credit card or other form of credit anytime soon, you may wish to go ahead and cut up or discard the Firestone card without ever activating it in lieu of getting another card that you would prefer. It will not effect your score any further if it is never activated. However, if your hard credit inquiries are in the 2-3 range, you may wish to go ahead and activate the card for a rainy day since activating the card is the best way to "take advantage" of the fact that it has already cost you a hard inquiry. Additionally, it will add to your total available credit limit which is a good thing. Sometimes store cards like these come with member perks that may provide you with discounts when you pay with the card in the future. Ultimately, it's up to you depending on your credit goals but not activating and destroying the card with certainly not hurt your credit. The only effect will be the hard inquiry on your report for two years from the date you applied for the card.

Hope this helps!

-Taylor

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