Credit Cards For Excellent Credit

Excellent credit (740-850) often comes with excellent rewards. Browse the best excellent credit offers from our partners with lower rates, better introductory offers, and exclusive perks. Find your perfect match and apply simply and securely. For even more options be sure to check out the best credit cards from our partners.

Excellent credit (740-850) often comes with excellent rewards. Browse the best excellent credit offers from our partners with lower rates, better introductory offers, and exclusive perks. Find your perfect match and apply simply and securely. For even more options be sure to check out the best credit cards from our partners.

By: Garrett Yarbrough & Laura Mohammad

|

December 28, 2020

Best Credit Cards for Excellent Credit

Bank of America® Cash Rewards credit card

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

3%
Earn 3% cash back in the category of your choice (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
2%
Earn automatic 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases)
1%
Earn unlimited 1% on all other purchases.

At A Glance

Intro Bonus
$200

$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening

Annual Fee
$0
Regular APR
13.99% - 23.99% Variable APR on purchases and balance transfers
Capital One SavorOne Cash Rewards Credit Card

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

3%
Earn unlimited 3% cash back on dining and entertainment
2%
Earn 2% at grocery stores
1%
Earn 1% on all other purchases

At A Glance

Intro Bonus
$200

Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening

Annual Fee
$0
Regular APR
15.49% - 25.49% variable
Blue Cash Everyday® Card from American Express

Best Blue Cash Everyday Offer

See Rates & Fees, Terms Apply

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

3%
3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
2%
2% Cash Back at U.S. gas stations and at select U.S. department stores.
1%
1% Cash Back on other purchases.

At A Glance

Intro Bonus
Up to $300

Earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back. Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 6 months.

Annual Fee
$0
Regular APR
13.99% - 23.99% variable
Capital One Quicksilver Cash Rewards Credit Card

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

1.5%
Earn unlimited 1.5% cash back on every purchase, every day

At A Glance

Intro Bonus
$200

One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening

Annual Fee
$0
Regular APR
15.49% - 25.49% variable
Citi® Double Cash Card

Excellent

Credit Recommended (740-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

2%
Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.

At A Glance

Intro Bonus
No current offer
Annual Fee
$0
Regular APR
13.99% - 23.99% (Variable)
American Express® Gold Card

New Welcome Offer

See Rates & Fees, Terms Apply

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

4X
Earn 4X Membership Rewards® Points on Restaurants worldwide, including takeout and delivery.
4X
Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X).
3X
Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.

At A Glance

Intro Bonus
60,000 points

Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months.

Annual Fee
$250
Regular APR
See Pay Over Time APR
Discover it® Cash Back
See Rates & Fees

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

5%
Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
1%
Plus, earn unlimited 1% cash back on all other purchases – automatically.

At A Glance

Intro Bonus
Cashback Match™

Intro Offer: Unlimited Cashback Match - only from Discover. Discover will automatically match all the cash back you've earned at the end of your first year! There's no minimum spending or maximum rewards. You could turn $150 cash back into $300.

Annual Fee
$0
Regular APR
11.99% - 22.99% variable
Citi Rewards+℠ Card

Excellent

Credit Recommended (740-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

2X
Earn 2X ThankYou® Points at Supermarkets and Gas Stations for the first $6,000 per year and then 1X Points thereafter.
1X
Earn 1X ThankYou® Points on All Other Purchases.

At A Glance

Intro Bonus
15,000 points

Earn 15,000 bonus points after you spend $1,000 in purchases with your card within 3 months of account opening; redeemable for $150 in gift cards at thankyou.com

Annual Fee
$0
Regular APR
13.49% - 23.49% (Variable)
Citi® Diamond Preferred® Card

Excellent

Credit Recommended (740-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

This card doesn't offer cash back, miles, or points

At A Glance

Intro Bonus
No current offer
Annual Fee
$0
Regular APR
14.74% - 24.74% variable
Capital One VentureOne Rewards Credit Card

Good to Excellent

Credit Recommended (670-850)

hfyhpf120.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
Apply Now

Rewards Rate

1.25X
Earn unlimited 1.25X miles on every purchase, every day.

At A Glance

Intro Bonus
20,000 miles

Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel

Annual Fee
$0
Regular APR
15.49% - 25.49% variable

Editorial disclosure: All reviews are prepared by hfyhpf120.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank's website for the most current information.

All information about Chase Sapphire Preferred® Card, Capital One Savor Cash Rewards Credit Card and Wells Fargo Cards have been collected independently by hfyhpf120.com and has not been reviewed by the issuer.


Comparing Credit Card Offers for Excellent Credit

Cards that require excellent credit can be among the best in the market. They can also be among the most expensive by way of an annual fee (but not always). Travel cards, cash back cards, balance transfer cards – the options are plentiful. We researched over 1,500 credit cards where excellent credit is needed to get approved and used the criteria below to choose the best cards. Want to learn more? Here, we look at:

  • credit mistake, by correcting your behavior, you will see your score rise again soon after a drop.

    Credit utilization

    FICO: 30% | VantageScore: 20%
    The amount of credit that you are currently using is the next greatest factor in your credit score. Lenders look at the total amount you owe on each of your accounts compared to your credit limit, and the total that you owe overall compared to your overall credit limit. It’s called your credit utilization ratio. If you owe $100 and you have $1,000 in available credit, that means your ratio is 10%. Keep your debt as close to 0% as possible. Revolving debt, including credit cards, is an especially important consideration in this portion of your score.

    Length of credit history

    FICO: 15% | VantageScore: 21%
    Scoring models consider the newest, oldest and average ages of your credit accounts and their recent activity. Whether it’s for payment history or credit history, time is a key player (and double-edged sword) in reaching an excellent score. But how much time is needed? According to Experian data, the average FICO score increased by 10-30 points for each 10-year age range below the age of 80 – scores quickly picked up in the average person’s 30s and made the biggest jump in their 50s-60s. Thankfully, you don’t have to have decades of experience under your belt to achieve an excellent credit score. Experian notes that of the small population with a perfect 850 FICO score, only 4% are millennials, a number which jumps to 25% for Generation X.

    Credit mix

    FICO: 10%
    The types of accounts under your name get a smaller amount of weighting in your score. FICO and VantageScore give higher scores to consumers who have a diversity of credit, usually a mix of revolving credit (like credit cards) and installment loans (like mortgages). While FICO keeps this factor separate, VantageScore weighs this factor in credit history. To bump your score into the excellent range, you should make sure you have multiple types of well-managed credit in your credit history.
    FICO: 10% | VantageScore: 5%
    Your number of recent credit inquiries and new accounts are small factors in both your FICO score and VantageScore. This factor is labeled as “recent credit” by VantageScore. You should be careful about applying for new credit cards. Make sure you qualify before you apply, as these “hard inquiries” show up on your credit report and temporarily ding your score by a few points. “Soft” inquiries (inquiries you did not initiate by a credit application) do not count. To nudge your score up, you should be careful not to open too many new accounts or apply for a lot of cards in a brief period.

    Balances (VantageScore only)

    VantageScore: 11%
    The total debt you owe isn’t nearly as important as how much of your credit you are utilizing, but lenders do look at the balances that you owe on all your accounts. It has a moderately influential weight in the VantageScore model. In general, you should try to minimize your account balances to increase your credit score and decrease interest.

    Available credit (VantageScore only)

    VantageScore: 3%
    For VantageScore specifically, your amount of available credit is ranked as a “less influential” factor, but we’ve found a good supply of available credit can keep your credit all-around healthier.

    Credit card perks you can earn if you have excellent credit

    • Rewards: While even cards that accept bad credit can offer rewards, the rewards steadily improve as your credit improves and you qualify for better cards. Sign-up bonuses are higher and ongoing rewards can earn you hundreds of dollars a year if you use them correctly.
    • Benefits: Benefits for the cardholder with excellent credit can include access to airport lounges, annual credits for travel, travel fees and even shopping at exclusive retailers. There can also be numerous shopping and travel benefits such as extended warranties and car rental insurance.
    • Types of cards: With good to excellent credit, your options open up considerably to include cards with 0%, loyalty cards like airline and hotel cards, business cards, even luxury cards with exceptional benefits.
    • Interest rates: There are a few things you should do once you achieve excellent credit, including doing a loan check to see if you can get better rates, including calling your card issuers.
    • Higher available credit: Also, a better credit score can get you higher credit limits, which not only give you access to more money, but also can improve your score further by lowering your credit utilization ratio.

    The advantages to having excellent credit are numerous, from superior rewards and welcome bonuses to convenient benefits that can save you time and hassle. There are also some advantages that may not have occurred to you, such as being able to get a credit limit increase.

    How to compare similar credit cards

    Here is a comparison of two seemingly similar credit cards that are both designed for people with excellent credit. However, once we break down the details on different spending categories and other features, one card in the comparison may become the frontrunner to certain cardholders. When comparing two credit cards, look out for details like rewards rates, other hidden benefits, annual fee, intro and ongoing APRs, other fees, and more. We break down rewards comparisons below:

    Comparison of Sapphire Preferred vs. Venture Rewards…

    CardSign-up bonusTravel and restaurantsOther ongoing rewardsAnnual feeTotal end of first year
    Chase Sapphire Preferred**60,000 pts*125%=$750$1,000*2X pts*12 mths*125%=$300$1,000*1X pts*12 mths*125%=$150$95$1105
    Capital One Venture Rewards^^60,000 miles=$600$1,000*2X miles*12 mths=$240$1,000*2X miles*12 mths=$240$95$985

    **60,000 points after a $4,000 spend within the first 3 months
    ^^60,000 miles after a $3,000 spend within the first 3 months 
    Here’s what you’d have to spend each month to fully take advantage of these cards’ welcome bonuses. As you can see, for heavy spenders, both cards provide an excellent first-year value, although the Chase Sapphire Preferred offers slightly more value due to the boost provided by redeeming through the Chase Ultimate Rewards portal.

    How many people have excellent credit?

    Experian, one of the three major credit bureaus, has found that the average consumer’s score reached 701 in June 2020. It’s a slight dip from Experian June 2020 figures
    Fortunately, this stumble could be temporary since FICO’s September 2019 data shows that more people are scoring higher, and there has been a yearly average credit score increase since that 2009 low. FICO attributed much of this improvement on strong economic growth since the Great Recession and an increased awareness of scores and active credit building among consumers.

    Expert tips to maintain excellent credit

    Freeze your credit reports. It’s now free – and advisable – to avoid trying to get your old debt removed from your credit reports once they have been paid off. When you’ve paid the bill off, that actually benefits your credit.

    Apply for loans in a short amount of time. FICO scoring models only count up to 3 loan inquiries as one when they are made in a short period of time, as little as 14 days and as much as 45 days. This includes mortgages, student loans and auto loans but not credit cards.

    Consolidate balances. Credit expert John Ulzheimer notes that when you carry small balances, it’s best to consolidate them “because you’re penalized for having too many accounts with a balance. It’s better to have fewer accounts with a balance than more accounts. So to the extent you can use fewer cards for the same purchases, the better you’ll be.”

    Plan out loans. Strategize several months out before taking out auto loans or mortgages so that you don’t have large balances on your cards and you don’t take out new cards.

    Follow the 20/10 Rule. Wells Fargo advises that you not let your card debt exceed more than 20% of your total yearly income after taxes, and that you not have more than 10% of your monthly take-数字货币交易软件_数字货币手机app下载home pay in credit card payments.

    Notify your bank of a move. Wells Fargo also advises that you make sure you notify your card issuers and other lenders of address or email changes so that you get your statement in a timely manner.

    Stay in touch with creditors. If you are late on a payment, or can’t pay, reach out to your creditor and see what alternative payment plans they might offer. Sometimes just calling and negotiating can lead to better terms.

    What missteps do people with excellent credit make?

    If you have excellent credit, you likely already have solid credit card habits. Here are a few key things to remember that can take you over the top as a cardholder:

    • By failing to put someone you trust on your card as an ized user, you are missing out on rewards you can get through their spending.
    • If you aren’t reviewing what’s on the market periodically, new rewards cards that suit your lifestyle may be passing you by.
    • By keeping a card that doesn’t serve your needs, like a card with an annual fee that you don’t really use, you’re not taking full advantage of your excellent credit. If it’s an older card that you want to keep to continue to build your credit, you can ask for the annual fee to be waived, or you can ask for the card to be downgraded to a no annual fee card.
    • There’s nothing in the credit rule book that says mortgage payments or student loans are more important to your credit than card debt. Everything matters, and you need to be sure to pay everything on time, every time. One missed payment can quickly drop your score.
    • Don’t make sudden changes such as suddenly paying less or charging more, says Bankrate. That can indicate to your card issuer that you are having credit issues.