What Are the Top Credit Cards for a 700 Credit Score?

As an English credit card expert, I can confidently say that having a 700 credit score opens up a world of credit card opportunities. With a score like this, you are considered to have good creditworthiness and are eligible for many rewards, cashback, and low-interest credit cards. In this article, we will discuss the top credit cards for a 700 credit score, as well as some tips on how to choose the right credit card for your needs.

1. Chase Sapphire Preferred Card

The Chase Sapphire Preferred Card is a popular choice among credit card users with a 700 credit score. It offers a sign-up bonus of 100,000 points after spending $4,000 in the first three months of account opening. Cardholders earn 2x points on dining, travel, and online purchases, and 1x point on all other purchases. The annual fee for this card is $95.

2. Capital One Venture Rewards Credit Card

The Capital One Venture Rewards Credit Card is another great option for those with a 700 credit score. It offers a sign-up bonus of 60,000 miles after spending $3,000 in the first three months of account opening. Cardholders earn 2x miles on every purchase, and the annual fee is $95.

3. American Express Blue Cash Preferred Card

The American Express Blue Cash Preferred Card is an excellent choice for those who spend a lot on groceries, gas, and streaming services. It offers a sign-up bonus of $300 after spending $3,000 in the first six months of account opening. Cardholders earn 6% cashback on groceries (up to $6,000 per year), 6% cashback on streaming services, 3% cashback on gas, and 1% cashback on all other purchases. The annual fee is $95.

4. Discover it Cash Back Card

The Discover it Cash Back Card is a great option for those who want to earn cashback on their purchases. It offers 5% cashback on rotating categories (up to $1,500 per quarter) and 1% cashback on all other purchases. The best part is that Discover will match all the cashback you earn in the first year. There is no annual fee for this card.

5. Citi Double Cash Card

The Citi Double Cash Card is a simple and straightforward credit card that offers 2% cashback on all purchases (1% when you buy, and 1% when you pay your bill). There are no categories to keep track of, and no annual fee.

Tips for Choosing the Right Credit Card

When choosing a credit card, it's essential to consider your spending habits and financial goals. Here are some tips to help you choose the right credit card for your needs:

1. Determine your spending categories- If you spend most of your money on groceries or gas, choose a credit card that offers cashback or rewards in those categories.

2. Consider the sign-up bonus- Many credit cards offer sign-up bonuses that can be quite lucrative. Make sure to read the terms and conditions to ensure you can meet the spending requirement to earn the bonus.

3. Check the annual fee- While many credit cards offer excellent rewards or cashback, they often come with an annual fee. Make sure to weigh the cost of the annual fee against the rewards you'll earn.

4. Look for low-interest rates- If you plan to carry a balance on your credit card, look for a card with a low-interest rate.

Credit Card Saving Tips and Risks

While credit cards can be a great way to earn rewards or cashback, they come with some risks. Here are some tips to help you save money and avoid credit card risks:

1. Pay your balance in full each month- Paying your balance in full each month will help you avoid interest charges and late fees.

2. Avoid using credit cards for everyday purchases- If you're prone to overspending, it's best to avoid using credit cards for everyday purchases like groceries or gas.

3. Be aware of credit card fraud- Keep an eye on your credit card statements and report any suspicious activity immediately.

4. Choose a credit card with no foreign transaction fees- If you travel frequently, choose a credit card with no foreign transaction fees to avoid unnecessary charges.

Conclusion

In conclusion, having a 700 credit score opens up a world of credit card opportunities. The Chase Sapphire Preferred Card, Capital One Venture Rewards Credit Card, American Express Blue Cash Preferred Card, Discover it Cash Back Card, and Citi Double Cash Card are all excellent options for those with a 700 credit score. When choosing a credit card, make sure to consider your spending habits and financial goals. Follow our tips to save money and avoid credit card risks.