Multi-step heat treatments comprise of high temperature forming (150 °C/24 h plus 190 °C for several minutes) and subsequent low temperature forming (120 °C for 24 h) is developed in creep age forming of 7075 aluminum alloy to decrease springback and exfoliation corrosion susceptibility without reduction in tensile properties. The results show that the multi-step heat treatment gives the low springback and the best combination of exfoliation corrosion resistance and tensile strength. The lower springback is attributed to the dislocation recovery and more stress relaxation at higher temperature. Transmission electron microscopy observations show that corrosion resistance is improved due to the enlargement in the size and the inter-particle distance of the grain boundaries precipitates. Furthermore, the achievement of the high strength is related to the uniform distribution of ultrafine η′ precipitates within grains.