For credit scores ranging from 700 - 730, there are still options for mortgage lending but interest rates may be higher and terms of the loan stricter
than those with better credit scores.
It sounds a little far fetched, but insurance companies do lots and lots of research and it's reasonable to think they have found some research that shows drivers with poor credit make more
claims than those with good credit.
Although every potential credit card applicant should look at the APR charged by a new credit card, those with fair, poor, or limited credit will have fewer options for finding low interest
rates than those with good credit or better.