Can I Get a Credit Card With a 730 Score? (2024)

FAQs

Can I Get a Credit Card With a 730 Score? ›

A credit score of about 700+ will likely qualify you for just about any credit card, including those with cash back rewards, lower annual percentage rates (APRs) and more.

You can borrow $50,000 - $100,000+ with a 730 credit score. The exact amount of money you will get depends on other factors besides your credit score, such as your income, your employment status, the type of loan you get, and even the lender.

If you have a credit score in the good (670 to 799) to excellent range (800 or higher), you're likely to qualify for a card that earns rewards, like cash back or points. However, not all rewards cards or issuers have the same minimum credit requirements, so it's a good idea to research your options before you apply.

Conventional Loan

Since you have a 730 credit score, the ideal type of mortgage we would recommend is the traditional kind of home loan. Conventional loans are a good idea, especially if you're looking to buy an investment home, vacation house, or rental property.

Roughly 48% of Americans had a score of 750 or above as of April 2023, according to credit scoring company FICO.

If you possess a good credit history and maintain a low credit utilization ratio, reaching an 800 credit score could be achievable within a few years. Conversely, if your credit history is poor or your credit utilization ratio is high, the journey might take longer.

Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

The easiest Chase credit card to get is the Chase Freedom Rise℠, as applicants can get approved for this card with limited credit. This means the odds of approval are good even for people who are new to credit, making the Chase Freedom Rise℠ much easier to get than other Chase credit cards.

What can I do with a 730 credit score? ›

Benefits of a 730 credit score

These include, but are not limited to: Potential access to better interest rates and loan terms. Individuals with a 730 credit score are more likely to qualify for loans with lower interest rates and better terms. Increased likelihood of credit approval.

Based on the OneMain personal loan calculator, a $5,000 loan with a 25% APR and a 60-month term length would be $147 per month. The loan terms you receive will depend on your credit profile, including credit history, income, debts and if you secure it with collateral like a car or truck.

One of the best credit cards for a 730 score is Chase Freedom Unlimited® because it gives 1.5 - 5% cash back on purchases and has a $0 annual fee. In addition, the card provides an introductory APR of 0% for 15 months on purchases.

FICO score ranges

580 to 669: fair. 670 to 739: good. 740 to 799: very good. 800 and above: exceptional.

670-739: Good. 740-799: Very good. 800-850: Excellent.

And this is especially true in auto lending. According to MyFICO, as of November 2022, the average APR on a 60-month new auto loan for someone with a FICO Score of 720 or higher is 5.64%. With a score in the 690-719 range, it's 6.83%. And for a borrower with a score in the 660-689 tier, the average APR is 9.19%.

If you have a credit score of 730 or higher, you are likely to have access to a wide range of financial products and services, including personal loans with favorable terms and conditions.

In other words, a 700 credit score will still qualify you for better deals on credit cards, personal loans, mortgages and other types of credit, but it won't give you access to the same types of terms someone with very good credit, or a credit score above 740, would have.