How Many Americans Have an 800 Credit Score? - Experian (2024)

In this article:

  • 22% of U.S. Consumers Have Exceptional Credit
  • Most With FICO Scores of 800 or Higher Are Baby Boomers and Older
  • Exceptional Credit Consumers vs. Overall Average
  • Exceptional Credit More Common in Northern States

"Exceptional." Depending on one's frame of mind, the word may conjure up anything from a mint condition rookie card to possibly being asked, again, to stay after class. But in the world of credit, exceptional refers to nearly a quarter of consumers with FICO® Scores of 800 or higher. Hardly an exclusive club, but a nice place to be nonetheless.

As part of our review of consumer credit and debt among U.S. consumers, Experian looked at trends of those who had exceptional credit scores in 2023. To get to the bottom of what, exactly, exceptional credit looks like in practice, we'll highlight some of the many characteristics of the consumers behind those scores.

22% of U.S. Consumers Have Exceptional Credit

To set the stage: Most Americans have at least good credit, which is defined as a FICO® Score of 670 to 739. These consumers are likely to be approved for many types of credit, but the interest they'll pay on their debt will still vary greatly.

But according to Experian data captured as 2023 came to a close, nearly 22% of consumers have a FICO® Score in the highest credit score range—800 to 850. Consumers with scores in this range are considered to have exceptional credit.

Percentage of Consumers by FICO® Score 8 Range
Range Percentage of Consumers
Poor (300-579) 12.6%
Fair (580-669) 15.8%
Good (670-739) 21.6%
Very good (740-799) 28.1%
Exceptional (800-850) 21.9%

Source: Experian data as of Q3 2023

Before we get into what sets these consumers apart, however, let's go over the factors that flow into a FICO® Score calculation. FICO® Scores are calculated based on the information in the credit reports maintained by the three credit bureaus—Experian, TransUnion and Equifax. The factors that impact FICO® Scores (and how their impact is weighted) are as follows:

  • Payment history (35%): This is the most important FICO® Score factor. On-time debt payments go the furthest to help credit scores, while just one missed payment can have a severe negative impact on scores.
  • Amounts owed (30%): This factor considers how much installment and revolving credit is being used, including credit utilization on credit cards.
  • Length of credit history (15%): The age of the oldest account, the newest account and the average age of all accounts in a consumer's credit file are considered, with more credit experience generally having a positive impact on scores.
  • Credit mix (10%): Credit mix measures the variety of debt products—credit cards, personal loans and mortgages, for example—a consumer has in their name. A history of responsibly managing different debt types can help scores.
  • New credit (10%): Taking on new debts can increase risk to lenders, so events like opening a new account or applying for credit can ding scores.

While factors such as income and employment status can play a role in credit approval, they don't have a direct effect on credit scores.

Most With FICO® Scores of 800 or Higher Are Baby Boomers and Older

Nearly half—45%—of consumers with exceptional credit are baby boomers, even though baby boomers represent only about one-fifth of consumers. The likelihood of older generations having exceptional credit shouldn't be a surprise: Length of credit history is an important factor in calculating a FICO® Score.

Exceptional Credit by Generation

Exceptional Credit Consumers vs. Overall Average

There were some distinct differences that stood out when comparing overall consumer averages against average stats for consumers with exceptional credit scores. Of particular note among the two measures of consumers was the number of delinquencies (late payments). While a typical consumer has one or two delinquencies on their credit report, those with a FICO® Score of 800 or greater have virtually zero delinquencies among them.

Characteristics of Consumers With Exceptional FICO® Scores
Average … Average for All Consumers Average for Consumers With Exceptional (800-850) FICO® Scores
Number of credit cards 3.9 4.8
Credit card balance $6,501 $3,873
Number of retail credit cards 2.7 3.5
Retail credit card balance $1,188 $402
Auto loan balance $23,792 $21,799
Mortgage balance $244,498 $256,946
Non-mortgage balance $23,964 $17,484
Credit utilization ratio 29% 7%
Total tradelines ever delinquent 1.5 0.01

Source: Experian data as of Q3 2023

Otherwise, the characteristics of a consumer with exceptional credit mimics that of more seasoned consumers: They have more lines of revolving credit on average, but much lower average revolving balances. A virtuous consequence of low credit card balances is often a lower credit utilization ratio, which is a key credit score factor. Those with an exceptional credit score have average utilization ratios under 10%, versus 29% for the average consumer. Lower utilization ratios—those in the single digits—can have a positive effect on FICO® Scores.

Borrowers with exceptional credit scores also carry a slightly larger average mortgage balance than the average consumer, as well as a slightly lower balance on any auto loans in their names.

Exceptional Credit More Common in Northern States

Above-average may be selling Minnesotans short—nearly one-third of state residents have an exceptional credit score. The Gopher State, alongside their Badger State neighbors in Wisconsin, lead the nation with the highest percentage of consumers with an 800 or better FICO® Score. State mascots aside, there is a decidedly Northern tilt to where consumers with exceptional credit scores reside.

Percent of Consumers With Exceptional Credit by State

Rounding out the five states with the highest percentages of exceptional credit scores are New Hampshire, North Dakota and Vermont.

What Exceptional Credit Can Earn Consumers

According to FICO, exceptional scores indicate that "your score is well above the average score of U.S. consumers and clearly demonstrates to lenders that you are an exceptional borrower." In practice, consumers with exceptional credit are more likely to receive approval for most types of credit—often with accompanying lower interest rates—than other consumers.

Nonetheless, even consumers with exceptional credit won't necessarily receive approval for big-ticket items, like a new home, if other lender criteria aren't met. With mortgage APRs hovering close to 7% in 2024, lenders want to be certain that a borrower's income is sufficient to cover monthly homeowner expenses, even if they do have exceptional credit.

How Many Americans Have an 800 Credit Score? - Experian (2024)


How Many Americans Have an 800 Credit Score? - Experian? ›

Twenty-three percent of Americans have a credit score between 800 and 850, considered "exceptional" by FICO. A credit score at the top of that range -- 850 -- is considered a perfect score. Twenty-four percent have a FICO® Score between 750 and 799, making the "very good" bracket. Data source: FICO (2022).

What percentage of Americans have a credit score of 800? ›

Twenty-three percent of Americans have a credit score between 800 and 850, considered "exceptional" by FICO. A credit score at the top of that range -- 850 -- is considered a perfect score. Twenty-four percent have a FICO® Score between 750 and 799, making the "very good" bracket. Data source: FICO (2022).

Is it rare to have an 800 credit score? ›

According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.

Is an Experian credit score of 800 good? ›

We provide a score from between 0-999 and consider a 'good' score to be anywhere between 881 and 960, with 'fair' or average between 721 and 880.

What percentage of Americans have a 825 credit score? ›

Your score falls in the range of scores, from 800 to 850, that is considered Exceptional. Your FICO® Score and is well above the average credit score. Consumers with scores in this range may expect easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

What is the average American credit score? ›

What is the average credit score? 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.

How many American have $700 credit score? ›

71.3% of Americans have a FICO Score of 670 (good) or better. 21.2% have an exceptional FICO credit score of 800 or above. FICO credit scores generally increase with age, with older generations having higher averages.

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.

Does a 750 vs 800 credit score matter? ›

A 750 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

What is an exceptional credit score? ›

Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.

Is there a big difference between 800 and 850 credit score? ›

Those with exceptional credit, FICO® Scores of 800 and above, will likely receive the same terms as someone with a perfect score of 850—all else remaining equal.

How many years to get an 800 credit score? ›

Credit History Matters

The longer you've been using credit, the more it means to your credit score. Members of the 800 Club average just under 22 years of using credit. Even the youngest ones, Millennials, average more than 14 years.

Why is Experian credit score so high? ›

Your credit score may go up for several reasons, and they all have to do with changes to the information on your credit report. Common reasons for a score increase include: a reduction in credit card debt, the removal of old negative marks from your credit report and on-time payments being added to your report.

Is 800 credit score rare? ›

Less than 21% of people have a credit score over 800. A credit score of 800+ is considered perfect credit, indicates that a borrower uses credit very responsibly, and qualifies the person for the best loan and credit card terms.

What is the average credit score to buy a house? ›

Credit scores are indeed a big factor, but don't forget it also depends on your financial situation and the purchase price of the home you want to buy. There isn't a standard credit score that is needed across all of California, but, generally, mortgage firms and banks prefer to see a score of 600 or higher for loans.

What state has the highest average credit score? ›

Average credit scores by state in 2021

Minnesota had the highest credit score in the country as of 2021, the latest state data available from Experian, with an average score of 742. Minnesota is the only state in the country with an average credit score above 740.

How rare is an 850 credit score? ›

As of the third quarter of 2023, 1.54% of U.S. consumers had a FICO Score of 850, according to Experian data. Some notable traits of consumers with a perfect credit score include an above average number of credit cards, lower credit utilization rate and lower than average total debt.

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.

What percentage of the US population has a 750 credit score? ›

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. FICO Blog.

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