Are you a millennial with a credit score of around 700 and looking for the best credit card options? Look no further! This post will guide you through the top credit cards for individuals like you with a 700 score, maximizing rewards, cash back, and other perks. Let's dive in and explore the best credit cards that will fit your lifestyle perfectly!
Best Credit Cards For 700 Score Table of Contents
What Does a 700 Credit Score Mean?
What Does a 700 Credit Score Mean?
A 700 credit score is considered as a good score that is likely to get you approved for a wide variety of credit cards with better terms and rewards. Individuals with a 700 score have demonstrated responsible credit behavior and generally have a solid payment history.
Factors to Consider when Choosing a Credit Card
- Rewards: Choose a card that offers rewards suitable for your lifestyle and spending habits. Some cards offer cash back on every purchase, while others offer travel rewards, dining perks, or retail-specific rewards.
- Annual Fee: Some cards charge an annual fee, which can eat into the overall value of the card. If you can find a card with no annual fee or one where the benefits outweigh the costs, that could be a better choice for you.
- Interest Rate: Look for a card with a competitive APR, especially if you plan on carrying a balance. Lower interest rates can save you money over time on interest charges.
- Sign-up Bonus: Many credit cards offer sign-up bonuses for new customers who meet specific spending requirements within a certain timeframe. These can be a nice way to earn extra rewards.
Best Credit Cards for a 700 Credit Score
1. Chase Freedom Unlimited
Chase Freedom Unlimited offers a competitive rewards structure, with 1.5% cash back on all purchases and no annual fee. It also comes with an attractive sign-up bonus.
2. Capital One Quicksilver Cash Rewards
Capital One Quicksilver Cash Rewards offers a flat 1.5% cash back on every purchase, a sign-up bonus, and no annual fee, making it a great choice for straightforward rewards earning.
3. Blue Cash Everyday Card from American Express
This card is ideal for those who spend a lot on groceries. It offers 3% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%), 2% cash back at U.S. gas stations and select U.S. department stores, and 1% cash back on other purchases. It also has an introductory 0% APR offer and no annual fee.
4. Citi Double Cash Card
If you’re looking for a card that rewards you for paying off your balance promptly, Citi Double Cash is the one. This card offers 1% cash back on all purchases and another 1% when you pay off the balance. There is no annual fee, and it comes with an introductory 0% APR offer on balance transfers.
Best Credit Cards For 700 Score Example:
Let's say you're a millennial who loves eating out, shopping online, and occasionally traveling. You also spend a fair amount on groceries and gas. Based on your spending habits, the Blue Cash Everyday Card from American Express would be a great fit for you, as it offers higher cash back on groceries and gas while still providing decent rewards for other categories.
There you have it – the best credit cards for those with a credit score around 700. By choosing a card that fits your lifestyle, spending habits, and preferences, you can truly maximize your rewards and card benefits. Don't forget to share this valuable post with your friends and explore other guides on Flik Eco to help make your personal finance journey an exciting and rewarding experience!
