750 Credit Score: Is It Good or Bad? - NerdWallet (2024)

Is 750 a good credit score?

A 750 credit score is considered excellent and above the average score in America. Your credit score helps lenders decide if you qualify for products like credit cards and loans, and your interest rate. A score of 750 puts you in a strong position.

Roughly 48% of Americans had a score of 750 or above as of April 2023, according to credit scoring company FICO.

Here’s how a 750 credit score can affect your financial life and how to maintain it.

A 750 credit score can help get you the best rates on loans and credit cards

When your score is 750, you’re in a strong position to qualify for most financial products and get among the very best rates on them. A 750 credit score is considered excellent on commonly used FICO and VantageScore scales, which range from 300 to 850.

There are some exceptions; a high score by itself isn't always enough. The length of your credit history and how much debt you carry relative to your income also matter.

Read more about the factors that influence your score to understand how to snag the best rates and terms.

Can I buy a car with a 750 credit score?

You’ll find solid financing options with a 750 credit score. The average credit score was 755 for a new-car loan but 686 for a used-car loan in the first quarter of 2024, according to a report from credit bureau Experian. The average auto loan rate for borrowers with a 750 credit score was 6.89% for a new car and 9.04% for a used car.

Can I buy a house with a 750 credit score?

A 750 credit score is well above the minimum credit score needed to buy a house, by most lenders’ standards. You are likely to qualify for the lowest interest rates on a mortgage.

How to safeguard your 750 credit score

You already practice good credit habits, but there are ways to safeguard your score and possibly take it higher:

  • Consider setting up automatic payments. A single late payment can knock as much as 100 points off your credit score. If you haven’t set up automatic payments, consider doing so to avoid the risk of missing a payment.

  • Keep an eye on your credit utilization. The lower your credit card balances are compared with your credit limits, the better it is for your score.

  • Look for errors on your credit reports. There may be mistakes on your report that prevent your score from going higher. Check your reports at all three major credit bureaus and dispute any errors you find.

While you may be determined to move your score up to 800 or higher to qualify for the best terms and rates, remember that 750 is above the good credit score threshold and will already help get you great offers.

Get more financial clarity with NerdWallet

Monitor your credit, track your spending and see all of your finances together in a single place.

750 Credit Score: Is It Good or Bad? - NerdWallet (2)

750 Credit Score: Is It Good or Bad? - NerdWallet (2024)

FAQs

750 Credit Score: Is It Good or Bad? - NerdWallet? ›

A 750 credit score is considered excellent and above the average score in America. Your credit score helps lenders decide if you qualify for products like credit cards and loans, and your interest rate. A score of 750 puts you in a strong position.

Is a credit score of 750 good or bad? ›

Your FICO® Score falls within a range, from 740 to 799, that may be considered Very Good. A 750 FICO® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers.

Is there a big difference between 750 and 800 credit scores? ›

While credit scores of 800 or above are labeled “exceptional,” a score of 750 will likely get you some of the best rates available for auto loans and mortgages.

How big of a loan can I get with a 750 credit score? ›

With a credit score of 750, lenders will likely extend loans in the amount of $50,000 to $100,000. However, the exact amount you can borrow will vary depending on your lender and your overall financial situation.

What credit limit can I get with a 750 credit score? ›

What credit score is needed to get a high-limit credit card?
VantageScore 3.0 credit score rangeAverage credit card limit
300–640$3,481.02
640–700$4,735.10
700–750$5,968.01
750+$8,954.33
Mar 15, 2024

Can you buy a house with a credit score of 750? ›

With a 750 credit score, you're in the running for pretty much every kind of home loan. FHA loans, VA loans and USDA loans all have much lower minimum credit score requirements, and conventional loans have a minimum credit score requirement of 620.

What is the average credit score in America? ›

The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of January 2024. Credit scores, which are like a grade for your borrowing history, fall in the range of 300 to 850. The higher your score, the better.

How long does it take to go from 750 to 850 credit score? ›

A score of 850 can only be achieved with 10+ years of credit, excellent on-time payment history, low credit utilization, and no recent hard inquiries, which is a tall ask. At the very least, you can take these 12 steps to improve your score.

How long does it take to build credit from 750 to 800? ›

If you possess a good credit history and maintain a low credit utilization ratio, reaching an 800 credit score could be achievable within a few years. Conversely, if your credit history is poor or your credit utilization ratio is high, the journey might take longer.

Is a 900 credit score possible? ›

Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

What is a good credit score for my age? ›

What is a good credit score for your age? You might consider your score to be good if it meets or exceeds the average for your peers, but that isn't the best gauge. Following NerdWallet's general guidelines, a good credit score is within the 690 to 719 range on the standard 300-850 scale, regardless of age.

Is 750 a good credit score to buy a car? ›

The absolute best auto loan interest rates are reserved for borrowers with scores of 750 or higher. These super prime borrowers represent little risk to lenders. They almost always make their payments on time, and they pay their financing off as agreed in their loan documents.

Can I get a $50000 loan with a 700 credit score? ›

You will likely need a credit score of at least 580 for a $50,000 personal loan, along with enough income to afford the monthly payments. Other common loan requirements include being at least 18 years old, having a valid bank account, and being a U.S. citizen, permanent resident, or visa holder.

How rare is a 750 credit score? ›

A score of 750 puts you in a strong position. Roughly 48% of Americans had a score of 750 or above as of April 2023, according to credit scoring company FICO.

What are the benefits of having a 750 credit score? ›

With a 750 score, you'll have access to credit cards with some of the best perks. These include no annual fees, sign-up bonuses and travel rewards. You'll probably also qualify for higher credit limits, giving you more options for spending throughout every month.

At what point does credit score not matter? ›

While having a perfect 850 credit score is impressive, you don't necessarily need it to unlock the best benefits. "Typically, once you hit the mid-700s, you're considered to have excellent credit and there's no practical benefit to scoring any higher," says Ted Rossman, Bankrate's senior industry analyst.

How do I get my credit score from 750 to 800? ›

To increase your credit score to 800, you'll need a nearly flawless payment history, a credit utilization rate well below 30%, a healthy mix of credit types, and an extensive credit history. The average American has a credit score of 716, well within the range of what is considered a good credit score.

Is 600 a good credit score? ›

According to a report from Experian®, the average FICO credit score in America was 714 in 2022. So 600 falls below that national average. On the VantageScore range, the company says 600 scores are considered poor.

Is 650 a good credit score? ›

As someone with a 650 credit score, you are firmly in the “fair” territory of credit. You can usually qualify for financial products like a mortgage or car loan, but you will likely pay higher interest rates than someone with a better credit score. The "good" credit range starts at 690.

What is an excellent credit score? ›

Excellent (800 to 850): Lenders generally view these borrowers as less risky. As a result, individuals in this range may have an easier time being approved for new credit. Very good (740 to 799): Very good credit scores reflect frequent positive credit behaviors. Lenders are likely to approve borrowers in this range.

Top Articles
Latest Posts
Article information

Author: Foster Heidenreich CPA

Last Updated:

Views: 6154

Rating: 4.6 / 5 (56 voted)

Reviews: 87% of readers found this page helpful

Author information

Name: Foster Heidenreich CPA

Birthday: 1995-01-14

Address: 55021 Usha Garden, North Larisa, DE 19209

Phone: +6812240846623

Job: Corporate Healthcare Strategist

Hobby: Singing, Listening to music, Rafting, LARPing, Gardening, Quilting, Rappelling

Introduction: My name is Foster Heidenreich CPA, I am a delightful, quaint, glorious, quaint, faithful, enchanting, fine person who loves writing and wants to share my knowledge and understanding with you.