Cancelling macy's credit card help please?

I signed up for a card this morning at macys where the sales lady told me it was just a regular card. But I just found out it was a credit card apparently. So is it okay to cancel it without negatively impactiing me in any way? It was all a big mistake :( please help!
Answer:

You made it to college and cannot read :( Always know what you are signing and never sign until you understand and accept it. You are not going to be approved anyway you are under 21 and federal law requires you are rejected until your parents co sign

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Other answers

Wait till you are approved and then just don't use it. It will damage your credit a few points to cancel it. Next time read what you sign.

Ariaread

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