As someone with a credit score of 700, I know how important it is to choose the right credit card.
With so many options available, it can be overwhelming to decide which one is the best fit for your financial goals and lifestyle. That’s why I’ve done the research and compiled a list of the top credit cards for those with a 700 credit score.
I recently got approved for a credit card with a 700 credit score, and I couldn’t be more excited. After months of working on improving my credit score, I finally reached the “good” range and was able to qualify for some of the best credit card offers available.
One of the best credit cards for a 700 credit score is definitely the Chase Sapphire Preferred® Card. This card hooks you up with a generous sign-up bonus and an awesome rewards program, making it a top pick for anyone who loves to travel. Another solid option is the Capital One Venture Rewards Credit Card. It also offers travel rewards and benefits but comes with a lower annual fee, which is pretty sweet.
These cards are just a couple of examples of the many options available for those of us with a 700 credit score. By picking the right credit card, I can take advantage of rewards, benefits, and perks that help me save some cash and reach my financial goals. So, whether I’m on the hunt for a card with cash back rewards, travel perks, or low interest rates, there’s definitely a credit card out there that’s perfect for me!
My Best Tips
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Research Card Options: I started by looking into credit cards that were good for people with scores like mine. I found a bunch of options that offered cool rewards and low interest rates, which was awesome.
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Check Pre-Approval Options: I used pre-approval tools from different banks to see if I could get approved without it affecting my credit score. It felt good to know which cards I had a shot at before applying.
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Compare Fees and Rewards: I spent some time comparing annual fees and rewards programs. I wanted to find a card that matched my spending habits, especially since I love getting cashback on things like groceries, gas, and everyday stuff.
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Credit Utilization: I made sure to keep my credit utilization below 30%. I had been careful to keep my balances low, and I knew that would help my application look good.
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Good Payment History: I always paid my bills on time, so I felt totally confident that my solid payment history would work in my favor.
Understanding Credit Scores
As I begin to explore the best credit cards for a 700 credit score, it’s important to first understand what a credit score is and how it’s calculated. A credit score is a three-digit number that represents a person’s creditworthiness. Lenders use credit scores to determine whether or not to approve a loan or credit card application, and what interest rate to charge if approved.
The most commonly used credit score is the FICO score, which ranges from 300 to 850. A score of 700 is considered a good score, and falls within the “good” range of 670 to 739. Scores above 740 are considered “very good” or “exceptional.”
Several factors go into calculating a credit score, and I’ve learned that understanding these can really help me manage mine better. Here’s the breakdown:
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Payment History: This is the big one, making up 35% of my score. That means making on-time payments is super crucial if I want to keep my credit score looking good.
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Credit Utilization: This is the second most important factor, accounting for 30% of my score. It’s all about how much credit I’m using compared to how much I have available. The rule of thumb is to keep my credit utilization below 30% to maintain a solid score.
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Length of Credit History: This accounts for 15% of my score and looks at how long I’ve had credit. It considers the age of my oldest account, the newest account, and the average age of all my accounts.
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Types of Credit Used: This includes things like credit cards and loans, and it makes up 10% of my score. Having a mix can be beneficial.
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Recent Credit Inquiries: This also accounts for 10% of my score. It reflects how many times I’ve applied for new credit recently.
Why 700 Is a Crucial Score
Having a credit score of 700 or higher is a major milestone in my financial journey. It shows I’ve been responsible with my credit and have built a solid credit history. With a score like that, I’m in a great position to qualify for some of the best credit card offers and loans out there.
Being in the 700 range means most lenders see me as a good credit risk. This translates to lower interest rates and better terms on loans and credit cards, which is awesome! It can save me a ton of money in the long run and help me reach my financial goals way faster. So, I’m definitely motivated to keep my score up and make the most of these opportunities!
I was able to get approved for discover and visa, with $1k limit. Now I have a feeling of freedom and it is great.
Best Credit Cards for 700 Score
As someone with a 700 credit score, you have a good chance of being approved for many credit cards that offer great rewards and benefits.
Cash Back Cards
Chase Freedom Unlimited: This card is a solid choice, offering 1.5% cash back on all purchases with no limit. Plus, I can snag a $200 bonus after spending $500 in the first three months, which is pretty sweet!
Citi Double Cash Card: This one lets me earn a fantastic 2% cash back on all purchases, with no limit, as long as I pay my bill on time. The best part? There’s no annual fee for this card, so I can rack up those rewards without any extra costs!
Travel Rewards Cards
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Capital One Venture Rewards Credit Card: This card is a great option because it offers 2x miles on all purchases, with no limit. Plus, I can earn a whopping 60,000 bonus miles after spending $3,000 in the first three months. That’s a solid way to rack up rewards for my next adventure!
Chase Sapphire Preferred Card: This one really stands out, too. I can earn 80,000 bonus points after spending $4,000 in the first three months. On top of that, I get 2x points on travel and dining, and 1x point on all other purchases. It’s an awesome way to make my spending work for me while planning my next trip!
Low Interest Cards
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Discover it Balance Transfer: This card is a fantastic choice if I’m looking to manage existing debt. It offers 0% APR for 18 months on balance transfers, with a 3% balance transfer fee. On top of that, I can earn 5% cash back on rotating categories and 1% cash back on all other purchases. It’s a great way to save on interest while still earning rewards!
Citi Simplicity Card: This one is super appealing, too. I can enjoy 0% APR for 18 months on both purchases and balance transfers, and there’s no annual fee. Plus, I love that there are no late fees or penalty APRs, which makes it a stress-free option for managing my finances! Yowza.
Factors to Consider When Choosing a Credit Card
As someone with a 700 credit score, I have learned that choosing the right credit card can be a daunting task. There are many factors to consider, such as interest rates, rewards, and fees. In this section, I will discuss these factors in more detail.
Interest Rates
One of the most important things to consider when I’m choosing a credit card is the interest rate. As of August 2023, the average APR for all cards was around 16.43%. However, there are definitely some cards out there that offer lower interest rates, especially for folks with excellent credit scores like mine.
It’s crucial for me to look for a card with a low interest rate, especially if I plan on carrying a balance. That way, I can avoid racking up too much interest and keep my finances in check!
Rewards
Rewards are definitely another key factor to think about when I’m picking a credit card. Depending on my lifestyle and spending habits, I might want a card that offers cash back on every purchase, travel rewards, or other cool perks. Some cards even throw in sign-up bonuses or rewards for hitting a certain spending amount within a specific timeframe. It’s super important for me to choose a card with rewards that match my needs and preferences!
Fees
Lastly, I can’t forget to consider the fees that come with a credit card. Some cards hit me with annual fees, balance transfer fees, foreign transaction fees, and more. I always make sure to read the fine print and understand all the fees associated with a card before I apply. Sometimes the rewards can totally outweigh the fees, but in other cases, it might be smarter to go with a card that has fewer fees. Gotta keep my options in check!
How to Maintain and Improve Your Credit Score
Regular Payments
One of the most crucial things I can do to maintain and boost my credit score is to make my payments on time. Late payments can seriously hurt my score, so it’s super important for me to pay my bills on time each month. Staying consistent with my payments is key!
Monitor Your Credit Report
I also need to keep an eye on my credit report regularly to catch any errors or inaccuracies. I can snag a free copy of my credit report once a year from each of the three major credit reporting agencies. It’s a good idea to review my report carefully and dispute any errors I find. Keeping my credit report in check helps ensure my score reflects my true creditworthiness!
Control Your Debt
Another key factor in maintaining and improving my credit score is controlling my debt. I should aim to keep my credit utilization ratio below 30%. So, if I have a credit limit of $10,000, I want to keep my balance below $3,000. Staying on top of this helps me show lenders that I’m responsible with my credit, which can boost my score over time!
The Excitement of a 700 Credit Score
Achieving a credit score of 700 is a significant accomplishment that can open up a world of financial opportunities. As someone who recently obtained a credit card with a 700 score, I can attest to the excitement and sense of pride that comes with this achievement.
With a credit score of 700, I am now considered a low-risk borrower in the eyes of lenders. This means I am more likely to be approved for loans and credit cards with favorable interest rates and terms. Additionally, having a good credit score can also lead to lower insurance premiums and better rental terms.
There are some cards that require the highest credit score.
Obtaining a credit card with a 700 score has also allowed me to take advantage of various rewards programs and perks. For example, I was able to secure a card with cashback rewards and no annual fee, which has already saved me money on everyday purchases.
Furthermore, having a good credit score has given me peace of mind knowing that I am in a strong financial position. I feel more confident in my ability to handle unexpected expenses and emergencies, and I am better prepared for future financial goals such as buying a home or starting a business.
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I was able to get a CC soon as my score broke 710. I have learned not to overcharge more than I can pay off at end of month. I paid over 300 in interest last year on one card, ouch.
Hey, you should get an amex, they will approve if you have a steady job. They will not tell you the limit, expect to be low, maybe 500 or 1k to start. It will enforce disciplined spending bc you have to pay every month. If you use it and keep paying then they trust you more.
My list of cc with ave level of history.
Citi Dcash
Discover IT
Amex
Capone Ventura
Chase sappire
Hilton honors
Chase freedom
My score is 704 and I was approved for the base card from capital one. The limit started at 1k but they increase it every year and now I have 6k limit. I have been with them for 10y. They keep offering an upgraded card but I have not accepted because do not use it that much and do not care. I also have a debit card aka check card. I carry both.
I thought about asking my mom or dad to co-sign if I ran into any issues. It was nice to know I had that option if I needed it. My score is 701-715 range, it fluctuates every month. I made sure not to apply for a bunch of cards all at once. I knew that too many inquiries could hurt my score, so I focused on just one application. I got a visa and a discover now. I may apply for an amex at some point but I have what I need for now.
Here is a good starting list, apply for one, but not all at same time.
Citi Rewards+
OpenSky
SavorOne Rewards
American Express
Green Dot Primor Visa Gold Secured
Chase Freedom
U.S. Bank Altitude
SunTrust Cash Rewards
Citi AAdvantage
First Bankcard
I have heard good things about the Amazon Prime Rewards Visa Signature Card. I am a regular customer and see the offer constantly. I have not applied because I already have 3, Bank of America Cash Rewards, Amex gold, and Citi Double Cash Card.
My co worker has a Chase Sapphire Preferred and Discover card. Our company recommends we get an amex because they use amex for expense reports and it integrates well. I feel that the amex annual fees are too much, compared to my other cards with zero fee.
I appreciate that you’re sharing your insights and research on the top credit cards for those in the “good” credit range. It’s so helpful for others who might be in a similar position and looking to make the most of their credit score. What specific factors did you consider when compiling your list? For instance, did you focus on rewards programs, interest rates, or perhaps annual fees?
I recently went through a similar process, and I found that prioritizing cards with no annual fee and good cash-back rewards made a big difference for my spending habits. It’s also interesting to see how different cards cater to various lifestyles—some are great for travel rewards, while others excel in everyday cash back.
I’d love to hear more about the card you were approved for! What features stood out to you that made it the right choice? Did you find any particular perks or introductory offers that influenced your decision?
Your point about selecting the right credit card based on individual needs is spot on. It’s important to assess what benefits matter most—whether it’s cash back, travel rewards, or lower interest rates. I’ve found that some cards also offer additional perks like no foreign transaction fees, which can be a game-changer for international travelers.
Have you had a chance to use any of the benefits from the cards you mentioned yet?
I personally love the simplicity of just needing to pay my bill on time to earn that higher cash back rate. It’s a great way to maximize rewards without any complicated categories to track. I made 575 points last year.
Thanks for sharing these recommendations!
I remember when I hit the 700 mark; it felt like a weight lifted off my shoulders. It’s amazing how much it can impact your financial options, from lower interest rates on loans to better rewards on credit cards. Have you started exploring any specific credit card options yet?
Also, I’d recommend checking out local credit unions or regional banks in Alabama, as they often have competitive rates and offers tailored for residents.