A 700 credit score means that you have good credit, and you can get a credit card quickly because you make a reasonable risk for lenders. A credit card is vital to many individuals because it allows you to do your shopping and make other purchases even when you cannot afford it at that time.
Credit cards give you a chance to pay mortgages, shop, and many more so that you can pay later. Good credit will ensure you get a better deal in loans and also interests. You can get the best credit card for a 700 credit score quickly when applying to different financial institutions. A FICO score ensures that you get the credit card you deserve when you apply for it anywhere.
- The 5 Best Credit Card For 700 Credit Score
- How To Choose The Best Credit Card For 700 Credit Score – Buying Guide
- Steps To Take When Applying For a Credit Card
The 5 Best Credit Card For 700 Credit Score
If you have moved from the 600 credit score, you will see a change. Good credit will make it easy for you to get great deals when applying for your credit card. Here are the top credit cards for 700 credit score:
1) Capital One VentureOne Rewards Credit Card
With the capital one venture credit card, you will have several benefits and rewards when you are shopping using it. Within the first three months, you will get a 20,000 mile one bonus after spending $500.
This card comes with a 0% intro APR in the first 12 months, and with every dollar you spend, you will have 1.25 mils. You will not be charged an annual fee or any foreign transaction fees. This makes it ideal for students studying abroad or people who love to travel.
- 1.25miles for each dollar
- 0% intro APR
- No annual fees
2) Chase Freedom Flex
This is one of the best credit cards for a 700 credit score because it offers a $200 signing bonus when you spend up to $500 in the first three months. You will get cashback rewards when you dine, in drug stores, when traveling, and also with everyday purchases.
You can grow from a low credit score to any level you are with this credit card. This is because it will allow you to apply even when your credit score is still poor. As you continue using the card, you will not pay any annual fee, and the cashback offer will never expire.
- 5% earning on travel
- 3% earning on dining and drugstores
- Variable APR after 15 months
- $200 sign up bonus
3) Ink Business Unlimited Credit Card
When you apply for this credit card, you will get a $750 cash bonus when you spend the first $7500 within the first three months. All the purchases you make will attract a 1.5% cashback reward to encourage you to buy more, and you will not pay an annual fee with this card.
Fraud protection helps to monitor your card so that you can easily see your activity in real-time. You will not be liable for any unauthorized purchases, and you can also set a spending limit in case you fear that you can overspend.
- Fraud protection
- 0% introductory APR for 12 months
- Rewards for every purchase
- 1.5% cashback
4) Citi Custom Cash Credit Card
Featuring a $0 annual fee, this credit card is ideal for anyone with good credit. It has a 0% introductory APR for the first 15 months, and then they will offer you a variable range of 13.99 to 23.99%. Within the first three months, you will earn a cashback reward of $200 when you spend $750 after opening the account.
This credit card will give you 5% cash back on purchases you make of up to $500, and there is unlimited 1% cashback with other purchases you make. You will pay a yearly fee with this card, and it is one of the most accessible cards to use because you can make several purchases with it.
- No annual fee
- Sign-on bonus
- Unlimited 1% cashback
- APR introductory 0%
5) Upgrade Reward Credit Card
If you are looking for convenient credit cards and assure you of equal monthly debt repayments, this is the one for you. It makes it easy for you to prequalify, and you will get a favorable interest rate because your credit score is good.
The credit card does not have an annual fee, and it earns a 1.5 cash back reward on all purchases you make. You will also get a regular APR of between 8.99 to 29.99%. Any balance you do not pay for will convert to an installment loan, and you can borrow against your credit limit.
- Regular APR
- Equal monthly repayments
- 1.5% cashback reward
- No touch technology
- Fraud monitoring
How To Choose The Best Credit Card For 700 Credit Score – Buying Guide
When you decide to apply for a credit card, you will first look at your credit score. This will help you with the kind of credit card you will get. Before you decide on the right credit card to use, you need to ensure that it will benefit you in the long run.
The following are some features you need to look at as you choose the credit card you deserve:
Your credit can be poor, good, or excellent, and you need to know where you fall before applying for a credit card. With a 700 credit score, you are already on the right path because it is good credit, and many financial institutions can offer you a credit card with great interest. Check your FICO score to be sure that you qualify for the credit card you want.
Ensure that you check on the factors that might affect your credit in the future. These are your payment history, money owed, new credit, credit mix, and the length of your credit history.
Annual Percentage Rate—APR
This is the amount in percentage that you will pay when you have a credit card. If you have a lower credit score, you will get a lower rate, and with a credit score of 700, you may pay higher. Check with the credit card company to be sure of the amount you will be paying when you are using the credit card for your purchases in the future. Some companies will offer you 0% in the first months and then a different variable as you continue to use the card.
Some credit cards attract a yearly fee, and you need to check and ensure that you can comfortably pay the fee and your loans. There is a benefit to choosing cards that do not have annual fees because you will not need to worry about the additional fee. You will only pay your interest and the installments that you need to pay after your purchases.
Rewards And Bonuses
As you sign up for a credit card, you will lear4n if you will get a sign-up bonus. This will help you with your first purchases, and you can benefit from the company for the first month or on a set amount. This is why some consumers will select a card over another one, and it is familiar with credit cards for people with excellent credit scores.
Apart from the bonuses, you can also benefit from rewards offered by the company. In many instances, you will get a cashback reward, and with many credit cards, it will range from 1% to 5%. Ensure that you confirm if you will get the rewards with every purchase or just with particular purchases.
Check if there are any additional benefits when you get the card so that you can benefit from them. Many people will choose a credit card because of the benefits and other perks that it offers.
Steps To Take When Applying For a Credit Card
When you apply for your credit card, you need to ensure that you follow the proper steps. This will ensure you get the best and reap any of the available benefits when you get the credit card of your choice. Here are the necessary steps to take when you apply for your credit card.
1) Check your credit
It is crucial that you keep monitoring your credit because this will help you get a better chance with financial companies. With good credit, you will have lower interest on loans, and you can also apply for many credit card options. Checking your credit will also help you quickly identify if there is fraudulent activity on your card.
2) Compare The Available Cards
With a credit score of 700, you will have many options, and you can choose one that is best for you. Compare the features, rewards, and other benefits that you will get from the cards before you choose one. If you travel a lot, ensure that you get a card that will also work well when you are abroad. Keep in mind the interest they charge and any fee you will have to pay for using the credit card.
3) Apply For A Single Card
Many people are usually tempted to apply for multiple credit cards without knowing that it can affect your chances of getting approval. When you apply for a credit card, the lender will have access to your credit report, and it will show them where else you have applied. Too many applications are likely to lower your credit score and hurt your approval chances.
It would be best if you picked a single credit card to look the best and apply for it. If they turn you down, you can apply for the next one as long as you like the terms.
4) Use Your Card Regularly
Once you are approved for the credit card of your choice, you need to take full advantage of the perks and rewards. Frequent use will ensure that you maximize any cashback rewards and other benefits available for you. This is why the credit card you choose should match your spending patterns because you will use it more in the areas of your choice.
5) Pay Installments On Time
Apart from spending, you must work towards repaying on time so that you can improve your credit score. This way, you will have a better chance of more significant limits in the future and also more rewards as you continue using your card. Everyone aims at an excellent credit score because the opportunities are many, and you will have a better chance of getting pre-approved in the future with financial companies.
A credit card means a lot to many people because, with it, you will have the power to make several purchases. With a good credit score, you can have several options, and you now have the luxury of picking one that will work the best for you. Once you get the best credit card for a 700 credit score, ensure that you pay on time to improve your score in the future.
When you look at your spending patterns, you will have a better chance of choosing the best credit card. Keep in mind that you still need to improve and maintain your good credit so that you get a better chance with your credit payments and interest. Choose a credit card also with where you make your purchase in mind so that you can utilize the card properly.