We recently were approved for a home equity loan. The company automatically checked our credit, for a new credit card as well. The credit check for the card is on our report and shot the fico score down 1 point. We were told it automatically came with the loan. The problem is that we already have the exact same card. Now, we have 2 cards exactly the same...only difference is the last 8 numbers on the card. Anyway, we are not going to keep the card, but we are wondering how this will affect our Fico score since they did a credit check and then we don't keep the card. We aren't planning to even activiate it. Can we have the credit inquiry removed from our report or is it even a big deal? Hope this make sense...hard to explain.