What are the top credit cards for a 700 credit score?
As an expert in the field of credit cards, I am often asked about thebest credit cardsfor those with a700 credit score. A credit score of 700 is considered a good score and can qualify you for a variety of credit cards with competitive rewards and benefits. In this article, I will discuss the top credit cards for a 700 credit score and provide some tips on how to manage your credit card accounts effectively.
1. Chase Sapphire Preferred Card
The Chase Sapphire Preferred Card is a popular choice among those with good credit scores. This card offers a generous sign-up bonus of 100,000 points after you spend $4,000 in the first three months of account opening. Additionally, the card earns 2X points on dining and travel purchases and 1X point on all other purchases. The annual fee for this card is $95, but the rewards and benefits far outweigh the cost.
2. Citi Double Cash Card
The Citi Double Cash Card is another great option for those with good credit scores. This card offers 2% cash back on all purchases – 1% when you make the purchase and an additional 1% when you pay your bill. This card has no annual fee and offers a long 0% introductory APR on balance transfers for the first 18 months.
3. Capital One Venture Rewards Credit Card
The Capital One Venture Rewards Credit Card is a travel credit card that is perfect for those with good credit scores who love to travel. This card offers a generous sign-up bonus of 60,000 miles after you spend $3,000 in the first three months of account opening. Additionally, the card earns 2X miles on every purchase and has no foreign transaction fees. The annual fee for this card is $95.
4. Discover it Cash Back
The Discover it Cash Back card is a great credit card for those who want to earn cash back rewards on their purchases. This card offers 5% cash back on rotating categories that change every quarter and 1% cash back on all other purchases. Discover also offers a unique feature where they match all the cash back you earned in your first year of card membership, effectively doubling your rewards. This card has no annual fee.
Tips for Managing Your Credit Card Accounts
While having a good credit score can qualify you for some of the best credit cards on the market, it is important to manage your credit card accounts effectively. Here are some tips to help you do just that:
1. Pay your bills on time – Late payments can negatively impact your credit score and result in fees and higher interest rates.
2. Monitor your credit card balances – Try to keep your balances below 30% of your credit limit to avoid hurting your credit score.
3. Use your credit cards responsibly – Only charge what you can afford to pay back in full each month to avoid carrying a balance and paying interest.
4. Redeem your rewards – Don't forget to redeem your rewards regularly to make the most of your credit card benefits.
Credit Card Fees and Risks
It is important to be aware of the fees and risks associated with credit cards. Some credit cards charge annual fees, which can be worth it if the rewards and benefits outweigh the cost. Additionally, carrying a balance on your credit card can result in high-interest charges and hurt your credit score. It is important to pay your balances in full each month to avoid these fees and risks.
Credit Card Company Recommendations
While the credit cards mentioned above are great options for those with good credit scores, it is important to do your own research and find the credit card that best fits your needs and spending habits. Some other credit card companies worth considering include American Express, Bank of America, and Wells Fargo. Be sure to read the terms and conditions of each credit card before applying to ensure that it is a good fit for you.
In conclusion, having a good credit score opens up a world of credit card opportunities. By choosing the right credit card and managing your accounts responsibly, you can earn rewards, build credit, and achieve your financial goals.