How to Qualify For a Credit Card With a 700 Score

If you have a 700 credit score, you are in good shape. Having this score will help you qualify for many credit cards and loans with competitive terms. You can further improve your credit score by paying down debts, making payments on time and by having a mix of types of credit accounts. Credit scoring models like FICO and VantageScore use various factors to determine a person’s creditworthiness, including payment history, outstanding debt, length of credit, credit utilization, new credit accounts and types of credit.More info

Can you get approved for a credit card with 700 credit score?

While some credit card companies have specific requirements for a certain score range, a score in the 700s is usually considered to be excellent or near perfect by most lenders. People with this type of score are often referred to as prime borrowers because they have less risk of missing payments or defaulting. It’s also common for prime borrowers to receive some of the best credit card offers and rates available.

A 700 credit score is usually sufficient to qualify for most credit cards, though some of the highest-end rewards credit cards may not be available. If you are able to find a card that fits your spending habits, having this score will likely mean a generous welcome bonus, points or cash back and potentially travel rewards. Those with this score are also more likely to be approved for mortgages, and could save thousands in interest over the lifetime of their loan by having such a high credit score.