Some games are graphics limited like fast action shooters.
Others are cpu core speed limited like strategy, sims, and mmo.
Multiplayer tends to like many threads.
You need to find out which.
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To help clarify your CPU/GPU options, run this test:
Run YOUR games, but lower your resolution and eye candy.
This makes the graphics card loaf a bit.
If your FPS increases, it indicates that your cpu is strong enough to drive a better graphics configuration.
If your FPS stays the same, you are likely more cpu limited.
your 4 processing threads may be a limitation in some games, but it is the single thread performance of the master thread that impacts games most.
Run the CPU-Z bench test and look at the single thread rating.
It should be perhaps 538:
http://valid.x86.fr/bench/5fb4sd
Those tests likely are mostly done with an overclocked 7600K.
7700K will be virtually the same.
Since you are sitting at 100% cpu now, it seems clear that a cpu upgrade is in order before the graphics card update.
I would not chase many threads. Once you get to about 8 you will find that more are not effectively used.
8 thread 12100 single thread scores 657,
12 thread 12400 scores 702