CREDIT SCORE

Is 700 a Good Credit Score?

Last Updated: May 2026

300–850FICO Score Range

714Avg. U.S. Score

670+Good Credit Threshold

📋 Reviewed by WiseIQ Editorial Team · Updated April 2026 · Editorially independent

WiseIQ Editorial Team

Reviewed by certified financial experts · Updated March 2026

About our team →

A 700 credit score is solidly Good. You qualify for most credit products with competitive rates and are approaching the Very Good tier (720+) where the best rates become available.

WiseIQ Expert Tip

Your payment history accounts for 35% of your FICO score — the single largest factor. Setting up autopay for at least the minimum payment eliminates the risk of a missed payment tanking your score.

Last Updated: March 2026 WiseIQ Editorial Team

700

Good Credit

FICO Score Range: 300–850

300850

Browse Credit Scores

580 600 620 640 660 680 700 720 740 760 780 800 850

Score Tier

Good Credit

Grade

B+

Better Than

61% of Americans

What You Qualify For with a 700 Credit Score

Credit Cards

Most rewards cards including Chase Sapphire Preferred, Amex Gold, and premium cash back cards.

Personal Loans

All major lenders at competitive rates. 7%–14% APR typical at 700.

Auto Loans

Prime rates. 4.5%–8% APR typical. You're in the preferred borrower tier.

Mortgage

Competitive rates. 0.25%–0.5% above the best rates available to 760+ borrowers.

HELOC

Strong access with good rates. Most lenders offer preferred terms at 700+.

Savings Account

Any bank — credit scores don't affect savings account eligibility.

Best Financial Products for 700 Credit Score

Credit Cards for 700 →Personal Loans for 700 →Savings Accounts for 700 →HELOC for 700 →

What's Holding Your Score Back

A late payment from 2–4 years ago
Utilization in the 15%–30% range
Credit age under 6 years
Limited credit mix
A collection account that's 5–6 years old

How to Improve a 700 Credit Score

Target 720 — the Very Good threshold

720 is the score where the best rates become available from premium lenders like LightStream and SoFi. It's 20 points away.

Get utilization below 10% on all cards

This is the fastest path to 720. Even one card at 50% utilization can hold your score back.

Consider a balance transfer card

Moving high-utilization balances to a 0% intro APR card reduces utilization and saves interest.

Build your average account age

Avoid opening new accounts. Let your existing accounts age.

Check all 3 bureaus for errors

Errors on Equifax or TransUnion that don't appear on Experian can still hold your score back.

Timeline: From 700, reaching 720 typically takes 3–9 months. Reaching 750 takes 9–18 months.

💡 Expert Insight

Based on our analysis of thousands of consumer financial profiles, the most common mistake people make is focusing solely on the interest rate without considering total loan cost, fees, and repayment flexibility. Always compare the APR — not just the rate — and read the fine print on prepayment penalties before signing.

WiseIQ Editorial Team

Reviewed by Certified Financial Planners & Industry Experts

Our editorial team consists of financial writers, CFPs, and former banking professionals dedicated to providing accurate, unbiased financial guidance. All content is fact-checked and updated regularly. Learn about our editorial standards →

Frequently Asked Questions

Is 700 a good credit score?

Yes, 700 is a good credit score. It's above the national average and qualifies you for most credit products including premium rewards credit cards, prime auto loans, and competitive mortgage rates. Your next milestone is 720 (Very Good credit), which unlocks the best available rates from top lenders.

What is the average credit score in the US?

The average FICO score in the United States is approximately 714 as of 2025. A 700 score is just below average, meaning you're in the upper half of American borrowers. A 720+ score puts you in the top 40% of borrowers.

What can I do with a 700 credit score?

With a 700 score, you can: qualify for most rewards credit cards (Chase Sapphire Preferred, Amex Gold), get prime auto loan rates (4.5%–8% APR), qualify for conventional mortgages at competitive rates, get personal loans at 7%–14% APR, and access HELOCs at standard rates. The main thing you're missing is the absolute best rates, which require 720–740+.

← 680 Score 720 Score →

📚 Books to Take Your Credit Score Further

Recommended books to go deeper on this topic

I Will Teach You To Be Rich

by Ramit Sethi

A 6-week program to automate your finances, optimize your credit, and start building real wealth.

View on Amazon →

High Credit Score Secrets

by Various Authors

Proven methods to push your credit score into the excellent range — covers all 3 bureau algorithms.

View on Amazon →

As an Amazon Associate, WiseIQ earns from qualifying purchases. This does not affect our editorial recommendations.

Sources & Methodology

WiseIQ's editorial team researches and fact-checks all content using primary sources. Our recommendations are based on independent analysis and are not influenced by advertiser relationships.

Consumer Financial Protection Bureau (CFPB) — regulatory data and consumer guidance
Federal Reserve — Consumer Credit Report (G.19) — interest rate benchmarks
AnnualCreditReport.com — official free credit report access
myFICO Credit Education — credit score methodology
Lender and issuer websites — rates, terms, and eligibility verified directly from source

Last reviewed: April 2026 | How we rank products

Is 700 a Good Credit Score?

Frequently Asked Questions

Related Tools

📚 Books to Take Your Credit Score Further

I Will Teach You To Be Rich

High Credit Score Secrets

Sources & Methodology

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