Are you sitting on a credit score of 700 and wondering which credit card options are available for you? If so, you're in the right place! In this guide, we will discuss some of the best credit cards tailored for individuals with a credit score of 700. Read on to find the perfect fit for your financial needs and learn how to improve your credit even further.
Credit Cards For Credit Score Of 700 Table of Contents
Why your credit score matters
A credit score of 700 is typically considered to be in the "good" range. This means that you have a relatively solid credit history and are generally seen as a responsible borrower. Having a good credit score opens doors for various credit card offers with better interest rates and perks. Here are some of the top choices for those with a credit score of 700.
Best credit cards for a credit score of 700
1. Discover it® Cash Back
This card offers 5% cash back on rotating quarterly categories and 1% cash back on all other purchases. It also has a unique sign-up bonus where Discover will match all the cash back earned at the end of your first year. With no annual fee, the Discover it® Cash Back card can be a great choice if you have a 700 credit score.
2. Capital One Quicksilver Cash Rewards Credit Card
The Capital One Quicksilver Cash Rewards Credit Card offers 1.5% cash back on all purchases. With no annual fee, this card provides a simple but effective cash back reward system. It also comes with a welcome bonus of $200 after spending $500 in the first three months.
3. Chase Freedom Flex℠
This card offers cash back rewards in multiple categories: 5% cash back on rotating categories, 5% cash back on travel purchased through Chase Ultimate Rewards, 3% cash back on dining and drugstore purchases, and 1% cash back on all other purchases. A good 700 credit score should be enough to qualify for this card, which also has no annual fee.
Factors to consider when choosing a credit card
- Annual Fee: Consider whether you are willing to pay an annual fee for a credit card. Some cards with higher fees offer better rewards, but you need to balance this with your own spending habits.
- Rewards: Focus on the type of rewards you are most likely to use, such as cash back, travel rewards, or points for merchandise.
- Interest Rate: While the goal should be to pay off your balance each month, understanding the interest rate on the card is important in case you need to carry a balance.
- Sign-up Bonuses: Many credit cards offer sign-up bonuses, but be sure to read the fine print and understand the spending requirements to obtain the bonus.
Credit Cards For Credit Score Of 700 Example:
Jane has a credit score of 700 and is researching credit cards that would best suit her financial needs. After comparing different cards and rewards programs, she decides the Chase Freedom Flex℠ is the best fit for her lifestyle. Jane enjoys traveling and dining out, so the 5% cash back on travel purchases and 3% cash back on dining align with her spending habits. Plus, she'll be able to take advantage of the rotating 5% cash back categories to maximize her rewards.
In conclusion, having a credit score of 700 opens up various credit card options with competitive interest rates and attractive reward programs. Be sure to pick a card that aligns with your spending patterns and financial goals. Armed with this knowledge, you can now make an informed decision on which credit card to apply for. Don't forget to share this article with others who might benefit from this information and explore more helpful guides on Flik Eco!
