Good Credit

Is 700 a Good Credit Score?

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.

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.

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+.

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