Do you have a credit score hovering around the 700 mark? You're in luck! With that number, you have access to a wide range of excellent credit cards offering rewards, cashback, and other perks. In this article, we'll explore the best card options for you and show you how to maximize the benefits that come with a 700 credit score. So, buckle up and get ready to elevate your personal finance game with the help of Flik Eco!
Best Cards For 700 Credit Score Table of Contents
What does a 700 Credit Score mean?
A credit score of 700 is considered "good" in the eyes of lenders and credit card companies. This means that you've been responsible with your credit and have a relatively low risk of defaulting on your payments. With a good credit score, you'll enjoy better access to competitive credit cards and lower interest rates on loans and mortgages.
Best Cards for a 700 Credit Score
Let's dive into the top credit cards for those with a 700 credit score. Here are our top picks:
1. Chase Freedom Unlimited
- Unlimited 1.5% cash back on all purchases
- 0% introductory APR for 15 months on purchases and balance transfers
- No annual fee
This card offers a terrific cashback rate on every purchase, making it a great everyday card for anyone with a 700 credit score. Plus, the 0% introductory APR period allows you to make balance transfers or big-ticket purchases without racking up interest immediately.
2. Capital One Quicksilver Cash Rewards
- Unlimited 1.5% cash back on every purchase
- 0% introductory APR for 15 months on purchases and balance transfers
- No annual fee
The Capital One Quicksilver card is another excellent cashback option, with a similar rewards structure and introductory offer as the Chase Freedom Unlimited. It also comes with no foreign transaction fees, making it an ideal choice for those who travel internationally.
3. Citi Double Cash Card
- Earn 1% cash back on all purchases, and an additional 1% when you pay them off
- 0% introductory APR for 18 months on balance transfers
- No annual fee
The Citi Double Cash Card has a unique rewards system, allowing you to earn a total of 2% cashback – 1% when you make a purchase and another 1% when you pay off the balance. This card is perfect for those looking to maximize cashback on everyday spending while also encouraging responsible credit use.
4. Discover it Cash Back
- 5% cash back on rotating categories, up to $1,500 in purchases per quarter
- 1% cash back on all other purchases
- Discover will match all the cash back you've earned at the end of your first year
- No annual fee
If you can keep up with the rotating categories, the Discover it Cash Back card offers a high cashback rate on specific purchases. Plus, the first-year cashback match effectively doubles your rewards, making this card a top pick for maximizing cashback potential.
Best Cards For 700 Credit Score Example:
Meet Sarah, a savvy millennial with a 700 credit score. She decides to apply for the Chase Freedom Unlimited card to enjoy 1.5% cashback on all her purchases. Over the course of a year, Sarah spends $15,000 using her new card, earning her a total cashback of $225.
At the same time, she has a $3,000 balance on a high-interest credit card. She takes advantage of the 0% introductory APR offer and transfers the balance to her new Chase card, effectively saving her hundreds of dollars in interest charges. By making smart choices with her credit, Sarah secures her financial future while enjoying the perks that come with her 700 credit score.
Congratulations on taking the first step toward better financial health by exploring the best credit cards for a 700 credit score! Now, it's time to choose the card that suits your needs and start enjoying those hard-earned benefits. Don't forget to share this article with friends who could also benefit from these card options, and feel free to explore our other guides on Flik Eco to further enhance your personal finance journey! Happy saving!
