Top 3 Credit Cards in the U.S. Offering Up to $700 Limit: Complete Guide and Comparison

Choosing the right credit card when you’re starting to build or rebuild your credit is crucial.

Some cards offer credit limits of up to $700, making them great options for those with fair to good credit.

These cards provide not only accessible credit limits but also features like rewards, cashback, and the potential for increased credit limits over time.

In this post, we’ll take a look at three credit cards that may offer an initial limit of up to $700: Capital One QuicksilverOne Cash Rewards Credit Card, Chase Freedom Flex℠, and Capital One Platinum Credit Card.

Let’s dive into the details of each card and see how they compare!

1. Capital One QuicksilverOne Cash Rewards Credit Card

El Capital One QuicksilverOne Cash Rewards Credit Card is a popular choice for people looking to build credit while earning cashback on everyday purchases.

It’s specifically designed for those with average credit, and its credit limit typically ranges from $300 to $700, making it an attractive option for those who need an accessible line of credit.

Key Features:

• Credit Limit: Initial limits range from $300 to $700, depending on your creditworthiness.
• Rewards: 1.5% unlimited cashback on all purchases, with no limit to how much you can earn.
• Annual Fee: $39.
• Credit Building: After 6 months of responsible use, you can qualify for a credit line increase, giving you access to more credit.
• Additional Benefits: No foreign transaction fees, access to Capital One’s CreditWise tool for tracking your credit score.

This card is ideal for individuals with fair credit who are looking for a card that offers rewards on everyday purchases. Despite the $39 annual fee, the cashback rewards and potential for a credit limit increase after 6 months make it a strong contender.

2. Chase Freedom Flex℠

El Chase Freedom Flex℠ is another excellent option for those looking for a card that offers a high level of rewards and flexible credit limits.

While the initial credit limit varies based on your credit profile, many users report initial limits between $500 and $700.

Key Features:

• Credit Limit: Varies based on your credit history; many new cardholders report limits of $500 to $700.
• Rewards:
• 5% cashback on rotating quarterly categories (up to $1,500 in combined purchases each quarter).
• 5% cashback on travel booked through Chase Ultimate Rewards.
• 3% cashback on dining and drugstores.
• 1% on all other purchases.
• Annual Fee: No annual fee.
• Sign-Up Bonus: Earn $200 after spending $500 within the first three months of opening the account.
• Additional Benefits: Includes purchase protection, extended warranty, and access to Chase’s robust rewards portal.

The Chase Freedom Flex℠ card stands out for its impressive rewards structure, especially for those who spend in the rotating categories or frequently travel.

If you’re looking for a card that maximizes rewards while also offering a fair credit limit, this is an excellent choice.

3. Capital One Platinum Credit Card

El Capital One Platinum Credit Card is geared toward individuals with average credit who are working on building or improving their credit.

It offers modest initial credit limits, usually between $300 and $700, and has no annual fee, which makes it a solid option for budget-conscious cardholders.

Key Features:

• Credit Limit: Initial credit limit ranges from $300 to $700, with potential increases after responsible use.
• Annual Fee: No annual fee.
• Credit Building: Capital One automatically considers you for a credit limit increase after 6 months of responsible use.
• Additional Benefits: Access to CreditWise, no foreign transaction fees, and fraud coverage if your card is lost or stolen.

While this card doesn’t offer any rewards, it’s an excellent choice for those focused on improving their credit score without the burden of an annual fee.

Its primary benefit is the potential for automatic credit limit increases and access to tools that help you monitor your credit.

Comparison Table

Credit Card	Credit Limit	Rewards Program	Annual Fee	Credit Building Features	Additional Benefits
Capital One QuicksilverOne	$300 – $700	1.5% cashback on all purchases	$39	Credit limit increase after 6 months	No foreign transaction fees
Chase Freedom Flex℠	$500 – $700	5% on rotating categories, 3% on dining & drugs	$0	Regular credit reviews	Purchase protection, sign-up bonus
Capital One Platinum	$300 – $700	None	$0	Credit limit increase after 6 months	No foreign transaction fees

Conclusion

When selecting a credit card with an initial credit limit of up to $700, it’s important to consider not only the limit itself but also the rewards, fees, and additional benefits each card offers. Here’s a quick summary of the best features of each card:

• Capital One QuicksilverOne Cash Rewards Credit Card is perfect for those looking to earn cashback on every purchase. It offers solid rewards with an accessible credit limit, though it does come with a $39 annual fee.
• Chase Freedom Flex℠ offers the most robust rewards program, with high cashback rates in rotating categories and no annual fee. It’s great for those who want to maximize rewards while building credit.
• Capital One Platinum Credit Card is ideal for those focused solely on building credit without any additional costs. While it doesn’t offer rewards, it has no annual fee and provides opportunities for credit limit increases.

Choosing the right card depends on your financial goals. If you prioritize rewards, Chase Freedom Flex℠ and Capital One QuicksilverOne are excellent choices.

If you’re more focused on improving your credit score with no annual fee, Capital One Platinum is a strong option.

Whatever your preference, these cards provide a solid foundation for building a positive credit history while enjoying various benefits.