Are you looking for the best credit card to boost your financial power? If your credit score lies in the 700-750 range, you're in luck! With this score, you're considered to have a good credit rating, which means you can access some of the most rewarding credit cards available today. In this post, we'll dive into the top credit cards for people with a credit score between 700 and 750, so you can make an informed decision and maximize your rewards.
Best Credit Cards For 700 Table of Contents
Factors to Consider When Choosing a Card
When selecting the best card for your lifestyle, it's important to weigh several factors. These criteria will help you make the most of your new card, and ultimately, save money:
- Annual fees: Can you justify the annual fee with the rewards and benefits the card offers?
- Interest rates: Compare the APR to ensure you're getting the best possible rate for your credit score.
- Rewards programs: Evaluate the card's rewards structure, and consider if it aligns with your spending habits.
- Sign-up bonuses: Many cards offer a welcome bonus, but is the spending requirement realistic to earn the reward?
- Perks and benefits: Does the card offer valuable benefits that will save you money in the long run (travel perks, extended warranty, etc.)?
Best Credit Cards for 700-750 Credit Scores
Each of these credit cards offers standout rewards and benefits that make them the top choices for those with good credit:
1. Chase Freedom Flex
This card boasts a combination of a strong cash back rewards program and no annual fee. Key features include:
• 5% cash back on rotating quarterly categories, up to $1,500 spent per quarter.
• 3% cash back on dining, including takeout and delivery, as well as drugstore purchases.
• 1% cash back on all other purchases.
2. Capital One Quicksilver Cash Rewards Credit Card
With the Capital One Quicksilver card, you can enjoy 1.5% cash back on every purchase and a $200 bonus after spending $500 within the first three months of account opening. Moreover, there are no annual fees or foreign transaction fees.
3. Bank of America Customized Cash Rewards Credit Card
This card is unique in its customizable cash back categories. Cardholders can choose the category that earns the most rewards, such as online shopping, dining, or gas, depending on their spending habits. Features include:
• 3% cash back in the category of your choice.
• 2% cash back at grocery stores and wholesale clubs, up to $2,500 in combined quarterly purchases.
• 1% cash back on all other purchases.
4. Citi Double Cash Card
For those who want a simple cash back option, the Citi Double Cash Card offers 1% cash back when you make a purchase, and another 1% when you pay your balance, totaling 2% cash back overall. There's no annual fee, but this card doesn't come with a sign-up bonus.
Best Credit Cards For 700 Example:
Imagine you're an avid traveler, and you've had your eye on the Chase Freedom Flex card for its dining out rewards. If you spend $400 per month on dining and $500 in the rotating categories each quarter, here's how your cash back will add up:
• Dining: $400 x 3% = $12 (monthly), $12 x 12 = $144 (annually).
• Rotating categories: $500 x 5% = $25 (quarterly), $25 x 4 = $100 (annually).
• All other purchases: Considering you spend $1,000 per month, minus the $400 for dining, that leaves $600 x 1% = $6 (monthly), $6 x 12 = $72 (annually).
Your total cash back in a year is $316, which is essentially free money, considering the card comes with no annual fee!
Now that you know your options, it's time to choose the best credit card for your 700-750 credit score. By weighing factors like rewards programs, interest rates, fees, and benefits, you can confidently select a card that complements your financial goals. So, start rewarding yourself with every swipe, tap, or click!
Feel free to share this article with your friends and family who are also in the market for a new credit card. And, don't forget to check out other guides and posts on Flik Eco to maximize your personal finance and investing strategies.
