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Best credit cards for a 700 credit score
FICO credit scores, the industry standard for determining credit risk, range from 300 to 850 — with 670 to 739 considered a good score, 740 to 799 is very good and 800 to 850 is exceptional. A 700 score puts you in the middle of the good range but still slightly below the average credit score of 716.
With an average credit score, expect to pay around the average credit card interest rate. However, you might qualify for an APR that’s higher or lower based on your creditworthiness. Credit card APRs vary, so research your options before deciding.
To help you find the right card for a 700 credit score, we’ve compiled several options that applicants with a score of 700 may qualify for. Options vary from those with generous rewards rates to low ongoing APRs, and several are on the list of the best credit cards for good credit.
Comparing the best cards for a 700 credit score
| Card name | Annual fee | Rewards | Bankrate review score |
|---|
| Capital One SavorOne Cash Rewards credit card | $0 | - 8% cash back on Capital One Entertainment purchases
- 5% cash back on hotels and rental cars booked using Capital One Travel
- Unlimited 3% cash back on dining, entertainment, popular streaming subscriptions and grocery store purchases (excluding superstores like Walmart and Target)
- 1% cash back on all other purchases
| 5/5 |
| Capital One Venture Rewards credit card | $95 | - 5X miles on hotels and rental cars booked through Capital One Travel
- 2X miles on all other purchases
| 4.9/5 |
| Blue Cash Everyday® Card from American Express | $0 | - 3% cash back at U.S. supermarkets, U.S. gas stations and U.S. online retail purchases (up to $6,000 per calendar year in each category, then 1%)
- 1% cash back on all other purchases
| 4.6/5 |
| Citi® Custom Cash Card | $0 | 5% cash back in your top eligible spending category each billing cycle (on up to $500 spent each billing cycle, then 1 percent) | 4.4/5 |
| Wells Fargo Active Cash® Card | $0 | Unlimited 2% cash rewards on purchases | 4.3/5 |
| Upgrade Cash Rewards Visa® | $0 | Earn 1.5% unlimited cash back on card purchases every time you make a payment | 4.2/5 |
Top cards for a 700 credit score
Best for everyday spenders
Capital One SavorOne Cash Rewards credit card
Best for travelers
Capital One Venture Rewards credit card
Rating: 4.9 stars out of 5
Best for household shoppers
Blue Cash Everyday Card from American Express
Rating: 4.6 stars out of 5
Best for rewards maximizers
Citi Custom Cash Card
Rating: 4.4 stars out of 5
Best for minimalists
Wells Fargo Active Cash Card
Rating: 4.3 stars out of 5
Best for low interest
Upgrade Cash Rewards Visa
Rating: 4.2 stars out of 5
How to choose a card for a 700 credit score
When choosing a credit card with a 700 credit score, consider how that card will help you meet your financial goals. Aim to continue expanding your creditworthiness and raising your score, and don’t settle for a credit card that won’t be helpful in a few months or years.
Here are some tips for choosing a card to keep your credit score on the rise while you make the most of the work you’ve put in so far.
Look for savings through intro APR offers
Choose a card with an APR you find manageable or one with a 0 percent intro APR offer for purchases, balance transfers or both. These offers can help you temporarily balance what you owe or plan to spend without racking up high interest charges.
Match your card to your spending habits
Having a 700 credit score opens the door to some solid rewards and cash back cards. Though it might seem wise to jump at the first card you see with a boosted rewards rate, you’re better off calculating your regular annual spending and then matching your highest projected categories to a card with boosted rewards rates in those categories.
Time your application with your biggest purchases
If you have some large purchases coming up or know a few times throughout the year when you’ll increase your spending, you may want to consider timing your credit card application to align with those purchases. This planning can help you reliably attain welcome offers with more ease.
How to get an excellent credit score
- Keep credit utilization low: Your credit utilization ratio is the amount of credit you use against the total amount available to you. Keep your utilization below 30 percent to maintain and increase your credit score.
- Pay on time: Pay your card balance on time and in full whenever possible to avoid interest charges and establish a strong payment history.
- Keep old credit cards open: You might think closing old credit cards will help you stay organized, but it won’t do your credit score any favors. Keep old cards open so you increase the age of your credit history, a key scoring factor.
- Don’t settle: Once you see your score climbing and you’re close to excellent, don’t settle. You can get your score even higher if you maintain positive credit habits.
The bottom line
Whether a credit score of 700 is your goal or you’re aiming even higher, keep practicing good credit habits. Although several cards are available with a score of around 700, even better cards are available the higher your score. Stay patient, keep consistent habits and you’ll be well on your way to an excellent score soon enough.
FAQs
Comparing the best cards for a 700 credit score
| Card name | Annual fee | Bankrate review score |
|---|
| Capital One Venture Rewards credit card | $95 | 4.9/5 |
| Blue Cash Everyday® Card from American Express | $0 | 4.6/5 |
| Citi® Custom Cash Card | $0 | 4.4/5 |
| Wells Fargo Active Cash® Card | $0 | 4.3/5 |
2 more rowsJan 25, 2024
You can borrow from $1,000 to $100,000 or more with a 700 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.
Is a 900 credit score possible? ›
Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.
Is 700 a good credit score to buy a car? ›
While there isn't a set minimum credit score to buy a car, you should aim to have a score of 670 or higher, which puts you in the good credit range. You'll qualify for better auto loan terms with a higher credit score.
What credit card has a $2000 limit for bad credit? ›
First Latitude Select Mastercard® Secured Credit Card
Choose your own fully-refundable credit line – $200 to $2000 – based on your security deposit. No minimum credit score required for approval!
Can I get an American Express card with a 700 credit score? ›
You need a credit score of 700 or higher to get an American Express card, along with a steady income that enables you to afford the monthly bill payments. American Express only offers credit cards for people with good credit or better, so you may have to work on improving your credit score before applying for an Amex.
Can I get $50,000 loan with 700 credit score? ›
With FICO, fair or good credit scores fall within the ranges of 580 to 739, and with VantageScore, fair or good ranges between 601 to 780. Many personal loan lenders offer amounts starting around $3,000 to $5,000, but with Upgrade, you can apply for as little as $1,000 (and as much as $50,000).
How long does it take to go from 700 to 750 credit score? ›
Generally, it takes around 4-12 months to reach the point where you can apply for a loan. It will take a few months to get to 750 if your score is currently somewhere between 650 and 700. However, if you have a credit score of less than 650, it will take more time to improve the score.
What can I do with a 700 FICO score? ›
What a 700 credit score can get you. Your credit score is used by lenders to see if you qualify for financial products and to set the interest rate you'll pay. With a 700 credit score, you've crossed over into the "good" credit range, where you can get cheaper rates on financial products like loans and credit cards.
Is a 1000 credit score possible? ›
A credit score of 1,000 is not possible because the standard credit score range used by FICO and VantageScore is 300 to 850. Other credit scoring models have a high of 900 or 950, but they are industry-specific and only used by certain financial institutions.
According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.
Has anyone gotten an 850 credit score? ›
How many Americans have an 850 credit score? Only 1.31% of Americans with a FICO® Score have a perfect 850 credit score. While a score this high is rare among any demographic, older generations are more likely to have perfect credit. Baby boomers make up a whopping 59.4% of the people with an 850 credit score.
How rare is a 700 credit score? ›
Credit score distribution: How rare is an exceptional 800 to 850 score?
| FICO® Score range | Percent within range |
|---|
| 600-649 | 9% |
| 650-699 | 12% |
| 700-749 | 17% |
| 750-799 | 24% |
4 more rowsMay 31, 2023
The minimum credit score needed for most mortgages is typically around 620. However, government-backed mortgages like Federal Housing Administration (FHA) loans typically have lower credit requirements than conventional fixed-rate loans and adjustable-rate mortgages (ARMs).
What APR will I get with a 700 credit score? ›
A credit score of 700 gets you an interest rate of 3% to 6% on car loans for new cars and about 5% to 9% for second-hand cars. Please note that these figures are just estimates, not interest rates.
How many credit cards do you need for a 800 credit score? ›
Consumers with 800-plus credit scores have an average of 8.3 open accounts — similar to 7.9 in 2021. Gen Xers now have 8.6 open accounts, on average — the highest among any of the generations. While not as important as payment history or amounts owed, credit mix accounts for 10% of consumers' credit scores.
How to go from 700 to 850 credit score? ›
The top FICO credit score is 850, but this can only be achieved with 10+ years of credit, excellent on-time payment history, low credit utilization, and no recent hard inquiries. Your three-digit credit score is one of the most important numbers in your life.
How to get 800 credit score from 700? ›
To reach an 800 credit score, you'll want to demonstrate on-time bill payments, have a healthy mix of credit (meaning accounts other than just credit cards), use a small percentage of your available credit, and limit new credit inquiries.
What is the minimum credit score for a credit card? ›
In general, a credit score of at least 660 gives you the best chance of approval, but it's hard to know the exact score an issuer will require when you apply for a credit card.
