Best Credit Cards for Good Credit

The best credit card for a 700 credit score is the Wells Fargo Active Cash® Card because it offers 2% cash rewards on purchases – one of the market’s highest cash back earning rates that won’t fluctuate by spending category. Wells Fargo Active Cash also comes with an initial bonus of $200 cash rewards after spending $1,000 in the first 3 months and a $0 annual fee.

In general, you want to focus on cards that require “good” credit or below, since 700 is a good credit score. Of course, there are other things that affect the application process, too, like income and the number of recent inquiries on your report.

A good way to figure out whether you’re eligible for a particular credit card with your 700 credit score is to check for pre-approval on the issuer’s website. If you’re pre-approved for a card, you’re not guaranteed approval, but your odds are high – usually around 90%. You can do a pre-approval check for most of the best credit cards for a 700 credit score.

Best Credit Cards for 700 Credit Score

As you may have noticed, a lot of the best credit cards for 700 credit scores don’t have annual fees. So, you can pick up some great perks without having to shell out money for the privilege of having a card.

A starter credit card is a great way for people with limited credit or bad credit to establish and improve their credit standing (including students and immigrants). Starter credit cards usually have a $300+ starting credit limit and an annual fee of $0 to $99, plus up to 1% cash back in rewards (some cards are from WalletHub partners). If you’d like a recommendation, you can check out WalletHub’s top picks for best starter credit cards below.

Your objective in picking between these beginner credit cards should be to pay as little as possible in fees and interest. As long as you remember to pay your bill on time and in full every month, you will be able to build credit inexpensively with the right first-time credit card. And within a few years, you may be able to qualify for one of the market’s best overall credit cards.

Best Starter Credit Cards (June 2022)

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The best credit cards for a 670 credit score are Capital One Platinum, Petal 2 Visa Card, and Capital One QuicksilverOne. Capital One Platinum is a credit card for people with limited credit, so fair credit should qualify you for this card. It doesn’t have ongoing rewards, but it has an annual fee of $0, which is cheaper than many other starter cards and secured cards. Many credit cards for fair credit are either store cards or have annual fees, so Capital One Platinum stands out among most other credit cards in this category.

The Petal 2 Visa Credit Card is another credit card for people with limited or no credit. Petal 2 Visa’s best features are its annual fee of $0 and its ongoing rewards rate. Starting off, cardholders will earn 1% cash back on all eligible purchases. But after 12 on-time monthly payments, that goes up to 1.5% cash back, which is competitive with cash back credit cards for good credit.

Capital One QuicksilverOne has ongoing rewards, too, but it isn’t free of fees. You’ll earn 1.5 - 5% Cash Back on every purchase, but you’ll pay an annual fee of $39. So you’d have to spend $2,600 on the card each year for the rewards to offset the fee. If you can make the card profitable, it’s a great card to have, and you only need limited credit to qualify.

It's really hard to pinpoint what credit limit you'll be granted with a credit score of 700. But since it's good credit, you maybe able to get as high as a $5,000 limit.
A credit score of 750+, which is excellent credit, should put you in the $10,000 limit zone. But that’s not a given. And your credit standing isn’t the only factor that affects your ability to get a high credit limit.

Building credit from scratch doesn’t have to be difficult. The best way to build credit is to open a credit card, preferably one with no annual fee, and use it responsibly. That means paying your bill on time every month or simply locking it in a drawer. Just having an open line of credit that is in good standing will help you build credit.

But a clean financial slate is a double-edged sword. You could shed months, or even years, off your credit-building timeline and save thousands of dollars if you make the right moves. Or you could quickly find yourself with bad credit if you act irresponsibly. Taking the following steps will help you keep your credit standing headed in the right direction.

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In order to maintain a good credit score, it is essential to make payments on time and maintain a credit utilization below 30% (i.e. how much of your available credit you use on a monthly basis). On a credit card with a $1,000 limit, for example, it would be best to use $10 to $100 each month, and no more than $300.

In addition to these, eliminating errors on your credit report can help improve your credit health and maintain a good credit score.

Last but not least, our personalized Credit Analysis will pinpoint what's wrong with your score, how to fix the problem and how long that will take.

The tables turn when you reach good credit. Instead of you having to prove yourself to credit card companies, they must now compete for your business. For one thing, more issuers have credit cards for people with good credit than offers for folks with fair, limited or bad credit. And they’re all looking to woo trustworthy new customers who pose relatively little risk and thus have a lot of profit potential.

That’s why people with good credit can expect to earn roughly twice as much rewards value as someone with fair credit or enjoy 0% financing for about twice as long. Credit cards for people with good credit also tend to have lower regular APRs (21% on average) than those for folks with fair credit (23%).

After all, you’ll have access to many of the market’s best overall credit cards, which usually require good or excellent credit for approval.