Are you looking for the best credit cards for a 700 credit score? You've come to the right place! In this guide, we will explore the top credit cards suited for individuals with a 700 credit score and help you understand how to make the most out of these cards. By the end of this post, you'll be armed with the knowledge to make a well-informed decision on which card is the perfect fit for your financial needs.
Credit Cards For A 700 Credit Score Table of Contents
What is a 700 Credit Score?
A 700 credit score is considered good by most lenders and credit scoring models. With a score in this range, you'll have access to a variety of credit cards with better interest rates, rewards, and perks than those with lower credit scores. However, you may not have access to the best offers that are reserved for those with exceptional credit scores.
Types of Credit Cards Available for a 700 Credit Score
Several types of credit cards cater to people with a 700 credit score. These include:
- Cashback credit cards
- Rewards credit cards
- Low-interest credit cards
- Balance transfer credit cards
- Travel credit cards
1. Cashback Credit Cards
Cashback credit cards offer a percentage of cashback on your purchases, which can range from 1% to 5% or more. These cards are great for those who want a simple reward structure that puts money back in their pockets. A popular option for those with a 700 credit score is the Discover It Cashback card.
2. Rewards Credit Cards
Rewards credit cards allow you to earn points on your purchases, which can be redeemed for gift cards, merchandise, or even travel. An example of a rewards credit card suitable for a 700 credit score is the Chase Freedom Flex card.
3. Low-Interest Credit Cards
Low-interest credit cards offer competitive interest rates, making them ideal for those who tend to carry a balance on their card. The Bank of America Customized Cash Rewards card is a solid choice for individuals with a 700 credit score looking for a low-interest card.
4. Balance Transfer Credit Cards
Balance transfer credit cards allow you to transfer your existing credit card balances to a new card with a lower interest rate or even a 0% introductory rate. This can help you save money on interest payments and pay off your debt faster. The Wells Fargo Platinum Card is a popular option for those with a 700 credit score.
5. Travel Credit Cards
Travel credit cards are perfect for those who frequently travel and want to earn rewards towards flights, hotels, and other travel-related expenses. The Capital One VentureOne Rewards card is a great option for individuals with a 700 credit score.
Credit Cards For A 700 Credit Score Example:
Let's say you have a 700 credit score, and you're a frequent traveler. You may want to opt for the Capital One VentureOne Rewards card. With this card, you'll earn unlimited 1.25X miles on every purchase, with no annual fee. Additionally, you'll receive a one-time bonus of 20,000 miles once you spend $500 on purchases within the first three months of account opening. These miles can be redeemed for travel expenses, making your trips more affordable and rewarding.
Now that you know the various credit card options available for individuals with a 700 credit score, it's up to you to decide which card best suits your financial goals and lifestyle. Remember, responsible credit card usage and timely payments can help boost your credit score even higher, opening the door to even better credit card offers in the future. Don't forget to share this article with your friends and explore other guides on Flik Eco to continue your personal finance journey. Happy credit card hunting!