The best credit cards for a 720 credit score include the Capital One Venture Rewards Credit Card, which offers an initial bonus of 100,000 miles, and Chase Freedom Unlimited®, which offers $200 for spending $500 in the first 3 months.
A credit score of 720 falls within the "Good" range, which is from around 700 to 749 on the 0 to 850 credit scale. Consumers in this category generally have a credit history of more than three years, more than $5,000 in available credit and no late payments in the past 12 months.
With a 720 credit score and a steady income, you should have little trouble securing a credit card with a low interest rate, a high credit limit and good rewards.
Here are the best credit cards for a 720 credit score:
Best overall: Chase Freedom Unlimited®.
$200 for spending $500 in the first 3 months. Earns 1.5 - 5% Cash Back. $0 annual fee. Offers an introductory purchase APR of 0% for 15 months (14.99% - 23.74% (V), based on creditworthiness, thereafter). Requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
Best for travel rewards: The Capital One Venture Rewards Credit Card.
100,000 miles for spending $20,000 in the first 12 months or 50,000 miles for spending $3,000 in the first 3 months. Earns 2 miles per $1 on all purchases. $95 annual fee. Requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
Best for cash bonus: The Blue Cash Preferred® Card from American Express.
$150 statement credit for spending $3,000 in the first 6 months. Earns 20% cash back on Amazon.com purchases for the first 6 months (up to $200 back), 6% cash back at U.S. supermarkets (up to $6,000 spent per year), 6% back on select U.S. streaming subscriptions, 3% back at U.S. gas stations and on transit, and 1% back on all other purchases, earned as statement credits. Introductory purchase APR of 0% for 12 months(13.99% to 23.99% (V), based on creditworthiness, thereafter). Annual fee of $0 intro 1st yr, $95 after. Requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
Best for long intro APR: The Wells Fargo Platinum card.
Offers an introductory purchase APR of 0% for 18 months, coupled with an introductory APR of 0% for 18 months on qualifying balance transfers - each balance transfer is subject to a fee of 3% intro for 120 days, then up to 5% (min $5). Once the introductory periods are over, remaining balances will accrue interest at an APR of 16.49% - 24.49% Variable, based on creditworthiness. $0 annual fee. Requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
Best for Dining & Entertainment: The Capital One® Savor® Cash Rewards Credit Card
$300 for spending $3,000 in the first 3 months. Earns 4% cash back on dining, entertainment and popular streaming services, 3% back at grocery stores and 1% back on all other purchases, as well as 8% back on tickets at Vivid Seats through January 2023. $95 annual fee. Requires a credit score of 700, at a minimum. That means you need good credit or better for approval.
A 720 credit score will put you in the running for some of the best credit cards on the market, provided you meet the card’s minimum income requirements. You’ll have the luxury of having access to some of the best travel, cash back, or financing credit cards and tailoring your pick according to your needs.
Some of the very best cards, however, require excellent credit. That’s a credit score of 750 or better. To move up to that next level, maintain a history of timely payments and try reducing your credit utilization below 30%. The lower the ratio, the bigger the jump in your credit score. Also, avoid closing any credit cards or applying for new credit in a short period of time.
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