The Ultimate Guide to Credit Cards
Wednesday, February 8, 2023

5 Best Credit Cards For a 700 Credit Score

Credit Cards For 700 Credit Score

credit card advice

Choncé Maddox

Written by: Choncé Maddox

Choncé Maddox

Choncé is a Certified Financial Education Instructor (CFEI) and a nationally recognized personal finance and budgeting expert. She's paid off $50,000+ of personal debt and her debt story has been highlighted in Essence Magazine and on "Good Morning America" as part of its 2020 Debt-Free Decade series. Her work has been featured on sites, including Business Insider, LendingTree, Credit Sesame, Barclaycard, and The New York Post. Choncé was named one of the top financial experts to follow on Instagram by Black Enterprise.

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Edited by: Lillian Guevara-Castro

Lillian Guevara-Castro

Lillian brings more than 30 years of editing and journalism experience. She has written and edited for major news organizations, including The Atlanta Journal-Constitution and the New York Times, and she previously served as an adjunct instructor at the University of Florida. Today, she edits all CardRates content for clarity, accuracy, and reader engagement.

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Reviewed by: Ashley Dull

Ashley Dull

With more than a decade of experience as a content manager and marketer, Ashley has specialized in finance coverage since 2015. She has worked closely with the world’s largest banks and financial institutions, up-and-coming fintech companies, and press and news outlets to curate comprehensive content and media campaigns. Her credit card commentary is featured on national media outlets that include CNBC, MarketWatch, Investopedia, and Reader's Digest, among others.

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Advertiser Disclosure

A 700 credit score (or higher) puts you in a great place to get some of the best loans and credit card offers. There are several credit cards for a 700 credit score whether you’re looking for travel rewards, cash back, or other discounts and perks. 

A higher credit score can help you get the lowest possible interest rate. As a result, you get to maximize your rewards without added fees or high APRs. Here are some of the best credit cards for a 700 score, including the best cards for businesses, travel, and cash back.

Best Card For Everyday Spending

The Citi® Double Cash Card is the best Mastercard to use for everyday spending if you’re looking to rack up rewards effortlessly.

  • Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time.
  • Balance Transfer Only Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 18.49% – 28.49%, based on your creditworthiness.
  • Balance Transfers do not earn cash back. Intro APR does not apply to purchases.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • There is an intro balance transfer fee of 3% of each transfer (minimum $5) completed within the first 4 months of account opening. After that, your fee will be 5% of each transfer (minimum $5).
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% Intro APR Period 18 months on Balance Transfers
18.49% – 28.49% (Variable)
$0
Excellent, Good

Additional Disclosure: Citi is a CardRates advertiser.

Why We Chose This Card 

We chose this card because you will earn a flat-rate of cash back for every purchase, regardless of what you buy. There are no spending categories to keep up with so you’re not pressured to spend in certain categories that you wouldn’t naturally use. The Citi® Double Cash Card also encourages cardholders to pay off their credit card bill since you earn additional cash back when you pay off your purchase. 

This card is also a great balance transfer card if you want to enjoy an extended 0% APR while you pay off your credit card balances. From there, you can continue to use it for everyday spending to earn cash back since there is no annual fee and no caps on the amount of cash back you can earn.

Honorable Mention 

The Citi Custom Cash℠ Card is another option if you’re looking to earn a higher cash back rate by spending in select categories without paying an annual fee.

Best Card For Cash Back

The Chase Freedom Unlimited® is the best option if you’re looking to maximize your cash back earnings.

Chase Freedom Unlimited® Review

at Chase’ssecure website

CASH BACK RATING

★★★★★

5.0

OVERALL RATING

  • INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) – worth up to $300 cash back!
  • Enjoy 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).
  • After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
  • No minimum to redeem for cash back. You can choose to receive a statement credit or direct deposit into most U.S. checking and savings accounts. Cash Back rewards do not expire as long as your account is open!
  • Enjoy 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 19.24% – 27.99%.
  • No annual fee – You won’t have to pay an annual fee for all the great features that come with your Freedom Unlimited® card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
19.24% – 27.99% Variable
$0
Good/Excellent

Why We Chose This Card 

The Chase Freedom Unlimited® gives you unlimited cash back at a fixed rate per dollar on all your purchases. You can earn a higher cash back rate for spending in specific categories such as restaurants and travel. 

Cashback rewards don’t expire and there’s no annual fee, making it easier to hold onto this card long-term. There’s a signup bonus for new cardholders to help them earn more cash back rewards during the first few months. 

Honorable Mention

The Blue Cash Preferred® Card by American Express is another cash back credit card to consider if you have a 700 credit score or higher. You earn a fixed rate of cash back on all your purchases and higher cash back amounts for spending in categories like streaming services, gas, and transit.

Best Card For Travel Benefits

The Chase Sapphire Preferred® Card is the best card for travel benefits because it offers several ways to maximize your points, an annual hotel credit, and top-notch travel insurance, among other benefits.

Chase Sapphire Preferred® Card Review

at Chase’ssecure website

TRAVEL RATING

★★★★★

5.0

OVERALL RATING

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2024.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
20.24% – 27.24% Variable
$95
Good/Excellent

Why We Chose This Card

We chose the Chase Sapphire Preferred® Card for its breadth of travel benefits. If you’re interested in travel hacking or simply scoring a free flight or discounted hotel stay, this card offers a generous signup bonus. 

Using the Chase Sapphire Preferred® Card also gives you access to the Chase Ultimate Rewards platform, where you can redeem your points for travel and combine rewards with other Chase cards. Even though this card comes with an annual fee, you’ll get anniversary bonus points each year to help offset the cost.

Honorable Mention

The Capital One Venture Rewards Credit Card also allows you to maximize your travel rewards by awarding 2X miles per purchase and 5X miles for hotel and rental cars booked through Capital One Travel. You can also gain access to Capital One airport lounges and transfer your miles to several loyalty rewards programs. 

Best Card For 0% Interest

The Chase Slate Edge℠ is the best credit card for an extended 0% interest period so you can save money while paying on your purchases.

Chase Slate Edge℠ Review

at Chase’ssecure website

0% INTRO APR RATING

★★★★★

4.9

OVERALL RATING

  • Start off strong with 0% Intro APR for 18 months from account opening on purchases and balance transfers. A variable APR of 19.24% – 27.99% on balance transfers and purchases after the introductory period ends.
  • Lower your interest rate by 2% each year. Automatically be considered for an APR reduction when you pay on time, and spend at least $1000 on your card by your next account anniversary.
  • Raise your credit limit. Get an automatic, one-time review for a higher credit limit when you pay on time, and spend $500 in your first six months.
  • All for no annual fee – You won’t have to pay an annual fee for all the great features that come with your Slate Edge℠ card
  • Keep tabs on your credit health – Chase Credit Journey helps you monitor your credit with free access to your latest score, real-time alerts, and more
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 18 months
0% Intro APR on Balance Transfers 18 months
19.24% – 27.99% Variable
$0
Good/Excellent

Why We Chose This Card

We chose the Chase Slate Edge℠ because it has one of the longest 0% APR promotional periods. If you need to make a larger purchase that you wish to pay off over time, this card is a great option since it will help you save on interest. This card also comes with My Chase Plan, which helps you pay off balances over time at 0% interest even after the promotional period.

The Chase Slate Edge℠ also has no annual fee, and card users can possibly receive an interest rate reduction each year. Chase will evaluate your spending and payment history to determine whether you qualify for an interest rate reduction.

Honorable Mentions

The Citi Simplicity® Card and U.S. Bank Visa® Platinum Card are more solid options to consider if you’re looking for an extended 0% intro APR promotional period and no annual fee. 

Best Card For Small Businesses

The Ink Business Unlimited® Credit Card is the best option for small business owners looking for rewards and protections for their business spending.

Ink Business Unlimited® Credit Card Review

at Chase’ssecure website

BUSINESS CARD RATING

★★★★★

4.7

OVERALL RATING

  • BEST OFFER EVER: Earn $900 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase made for your business
  • No Annual Fee
  • Redeem rewards for cash back, gift cards, travel and more through Chase Ultimate Rewards®.
  • Earn rewards faster with employee cards at no additional cost. Set individual spending limits for greater control.
  • With Fraud Protection your card transactions will be monitored for possible signs of fraudulent activity using real-time fraud monitoring.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 12 months
N/A 12 months
17.49% – 23.49% Variable
$0
Good/Excellent

Why We Chose This Card

We chose the Ink Business Unlimited® Credit Card because it offers some of the best benefits for small business owners. When you use this business credit card to pay for operating expenses and other costs, you’ll earn unlimited cash back rewards to redeem for a statement credit, gift cards, or travel. 

It’s easy to set up employee cards as well with your Ink Business Unlimited® Credit Card for no additional cost. Chase also makes it easy to monitor and protect your card spending with Purchase Protection, Fraud Protection, and personalized credit account alerts.

Honorable Mentions

The Ink Business Preferred® Credit Card is another popular option for businesses that spend a lot of money on their cards. You can earn a generous signup bonus and more points per dollar on all your purchases. 

Capital One Spark Cash Select – $500 Cash Bonus is another business credit card that offers unlimited cash back rewards on your purchases and no annual fee. Rewards don’t expire as long as your account is open and active. 

What Types of Credit Cards Are Available For a 700 Credit Score?

If your credit score is 700 or higher, you have plenty of options for quality credit cards with most major credit card issuers. This includes banks like Chase, Citi, Capital One, Discover, Bank of America, and Wells Fargo.

The credit cards that offer the best rewards and most competitive interest rates are typically reserved for borrowers with a good credit score above 700.

These credit cards will offer cash back, points, or miles for your everyday purchases. You’ll have access to balance transfer, rewards, and 0% intro APR credit cards. Some of the cards will also have no annual fee or waive the fee for the first year. 

You also shouldn’t have to worry about paying any monthly maintenance fees, which are more common with subprime credit cards for people with a poor credit history. 

Is 700 a Good Credit Score?

Credit scores typically range from 300 to 850, and the higher the number, the better your score. A good credit score depends on the credit scoring model used, and the most common types are FICO and VantageScore. Both are similar but have slight differences. 

FICO vs. VantageScore Graphic

As you can see in the graphic above, if your FICO score is at or around 700, you’re in a good place, but there’s still room to grow. But with a 700 score, you’ll still qualify for a great credit card or a personal loan with excellent terms. 

What APR and Credit Limit Can I Expect?

If you have a good credit score and are looking to open a cash rewards credit card, the APR and credit limit you get will vary. Most credit card issuers use a variable interest rate based on the current market rate. 

However, there’s still plenty of room to lock in a lower interest rate if you have excellent credit. For example, with a higher credit score, you may be able to get an interest rate of 15% to 17%, but with bad credit, your rate could be 29% or higher. 

Your credit limit will depend on your credit score and the amount the issuer is willing to offer. Card issuers use your payment history, existing credit card debt, credit score range, and income to determine your credit card limit

While plenty of cards offer 0% APRs, realize that these are just temporary promotions that last anywhere from six to 18 months. Once the promotional period ends, any unpaid balance will be subject to the regular purchase APR, which is determined by your credit history. 

Is it Worth Paying an Annual Fee?

You may wonder whether it’s worth paying an annual credit card fee. This depends on how you use the card and whether the benefits outweigh the annual fee. 

For example, if you have the Chase Sapphire Preferred® Card that increases the value of points you redeem through Chase Ultimate Rewards, you may find this benefit worth the annual fee. 

Or, you could consider switching to another Chase rewards card, such as the Chase Freedom Unlimited®, that doesn’t have an annual fee. Think about how often you plan to spend with the card and how you earn and redeem rewards. If the card provides bonus rewards each year or a free night stay at a hotel of your choice, this could be another reason to keep the annual fee.

Decide early on if you can afford the annual fee. If it doesn’t make sense financially, know that plenty of great rewards credit cards don’t have an annual fee.

How Do I Use the Card to Improve My Credit Score?

A credit card can be an excellent tool to improve your credit score. Whether you have an average credit score, bad credit, or limited credit history, using a credit card and paying it on time each month can help you build credit over time. 

Credit card companies report your account history to each credit bureau (Equifax, TransUnion, and Experian). Each credit bureau uses its own credit scoring model to calculate your credit score based on your credit report data, but they all measure similar factors. 

FICO vs. VantageScore Factors

In addition to paying your bill on time, it’s also important to keep credit card balances low to avoid credit card debt and maintain a good credit utilization rate. A good rule of thumb is to keep your total credit utilization (for all your cards) at or below 30%. This means if you have a $5,000 credit limit, your unpaid card balance should never exceed $1,500, which is 30% of that limit. 

Using your credit card strategically to improve your score will help you access better rates and terms for a personal loan, consolidation loan, car loan, or even a mortgage. Most credit card issuers provide free credit scores so you can track your credit progress over time.

What Happens If I’m Declined for a Credit Card?

If you’re denied a credit card, the company will let you know and mail you an Adverse Action Notice explaining why you were denied. This resource will tell you which credit bureau report and score it reviewed and which factors influenced its decision.

You may have too much outstanding debt that needs to be paid down, or too many recent requests for new credit. Be sure to check your credit reports to confirm there are no negative accounts dragging your score down. You may need to dispute the accounts if they have errors or aren’t yours. 

In the meantime, you can consider another type of credit card that accepts a lower credit score. 

How to Compare Card Offers For Good Credit

It’s best to compare credit card offers for good credit before choosing a card. Using a site like CardRates can help you learn more about your top credit card options depending on your score and preferences. 

If you’re looking for a rewards credit card, some credit card companies even compare their options side-by-side so you can review the features. But the key things to look out for are the:

  • Purchase APR
  • Rewards and whether they’re capped at a certain amount
  • Annual fees
  • And niche things applicable to your lifestyle, like whether the card charges a foreign transaction fee if you travel abroad often 

Take your time to explore all the options available to you before applying for a new credit card so you don’t get too many hard inquiries from multiple card applications.

Good Credit Gives You More Options

Having at least a 700 credit score can unlock several options for quality credit cards that offer rewards and other perks. Narrowing down the best credit card for a 700 credit score can be challenging, but it all depends on which features and benefits you value. 

Ask yourself whether you’re looking for more cash back, travel rewards, low or no interest, no annual fee, or all of the above. This guide will help you narrow down the best options when considering your next card.  

Also, remember that if you’re not quite at a 700 credit score, you can start taking steps today to improve your credit score and qualify for excellent cards in the near future. 

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.