A good credit score is crucial for securing the best financial deals, and if you're sitting pretty with a 700 credit score, you're doing quite well! In this sweet spot, a world of top-notch credit cards becomes available to you - but how do you choose the right one? In this detailed and engaging article, we'll explore the best credit cards for those with a 700 credit score, and help you make a decision that suits your lifestyle and financial goals. Let's dive right in!
Best Credit Cards For 700 Credit Score Table of Contents
Why a 700 Credit Score Matters
Having a credit score of 700 is a big achievement, as it is considered 'good' on the widely-used FICO scale. A good credit score shows lenders that you are a responsible borrower, which in turn enables you access to more attractive credit card offers with lucrative rewards, low interest rates, and generous benefits. It's essential to pick a credit card that aligns with your spending habits and requirements for maximum advantage.
Top Credit Cards for a 700 Credit Score
Let's explore some of the best credit cards available to those with a 700 credit score. These cards not only offer fantastic rewards and perks, but they also allow you to continue to improve your credit score.
Chase Sapphire Preferred
- Sign-up bonus: 60,000 points after spending $4,000 in the first three months
- Rewards: 2x points on travel and dining, 1x point on all other purchases
- Annual fee: $95
- Extra benefits: No foreign transaction fees, travel protection, transfer points to travel partners at a 1:1 ratio
The Chase Sapphire Preferred is an excellent option for travelers, offering valuable travel rewards and perks. The card's generous sign-up bonus and rewards rate make it a top contender for those with a 700 credit score.
Capital One Quicksilver Cash Rewards
- Sign-up bonus: $200 after spending $500 in the first three months.
- Rewards: 1.5% cash back on every purchase
- Annual fee: $0
- Extra benefits: No foreign transaction fees, extended warranty on items purchased with the card
For those seeking a straightforward cashback card with no annual fee, the Capital One Quicksilver Cash Rewards is a fantastic option. Its generous cashback rate and simple rewards structure make it easy to earn and redeem rewards without any hassle.
Discover it Cash Back
- Sign-up bonus: Cashback Match - Discover matches all cash back earned at the end of your first year
- Rewards: 5% cash back on rotating categories (up to $1,500 in combined purchases each quarter) and 1% cash back on all other purchases
- Annual fee: $0
- Extra benefits: Free FICO credit score access, Social Security number alerts, U.S.-based customer service
The Discover it Cash Back card offers impressive rewards on rotating categories, making it an excellent choice for those looking to maximize cashback on specific purchases. Additionally, the card has no annual fee and provides essential credit-building tools.
Best Credit Cards For 700 Credit Score Example:
Imagine you're a 25-year-old millennial named Chris, who enjoys traveling and frequently dines out. With a 700 credit score, Chris opts for the Chase Sapphire Preferred credit card, which offers valuable travel rewards and perks. Over the year, he spends $10,000 on travel and dining, earning him 20,000 points, and an additional 10,000 points on other purchases. Chris also meets the sign-up bonus requirement to earn 60,000 more points. That's a whopping 90,000 points in total, which can be redeemed for flights, hotels, or transferred to travel partners at a 1:1 ratio. This card significantly boosts Chris's travel experiences and saves him money on his adventures.
Congratulations, now you're equipped with the knowledge to make a well-informed decision about which credit card works best for your 700 credit score! It’s time to leverage your healthy credit score to earn valuable rewards, enjoy exclusive perks, and keep building your credit with these fantastic card options. If you've found this guide helpful, we encourage you to share it with your friends and family and explore other articles to expand your financial savvy on Flik Eco!
