Is 800 a good credit score? Here's what to expect when you reach this number (2024)

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Lenders use credit scores to determine a borrower's creditworthiness, or the likelihood they will be able to pay back their loan on time and in full.

This three digit number between 300 to 850 is calculated based on the information in your credit report.Two scoring models — FICO and VantageScore — are the most widely used, although FICO tends to be the more popular choice among lenders.

Whenever you apply for a line of credit, a lender will take a look at your credit score to decide whether to extend a loan to you and determine what terms are appropriate.Having a good credit score can end up saving you hundreds or even thousands of dollars since it also determines the interest rate you'll get on a mortgage or the APR you'll have on a new credit card.

Below, Select takes a closer look at what having a credit score of 800 really means for consumers, and how it affects the types of credit you would have access to.

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What it means to have a credit score of 800

A credit score of 800 means you have an exceptional credit score, according to Experian.According to a report by FICO, only 23% of the scorable population has a credit score of 800 or above.

FICO considers five factors in the calculation of your credit score:

  • Payment history (35%): Make sure your payments are made on time and in full
  • Amounts owed (30%): Your credit utilization ratio — the ratio of the amount of credit you use to the amount you've been extended — should be low
  • Length of credit history (15%): You'll benefit from having a longer credit history
  • Credit mix (10%): Aim to have several different types of credit, whether it's installment loans, credit cards or a mortgage
  • New inquiries (10%): Don't apply for too many lines of credit in a short period of time

If you have a credit score of 800, it probably means you have a long credit history, have been making payments on time and keep a low credit utilization ratio. All this information shows lenders that you're likely to make good on your loan.

According to a 2021 survey conducted by LendingTree, nearly all people with credit scores of 800 or above made their payments on time and in full — they also tend to have a low average credit utilization ratio of 5.7% and have old active accounts, with the average being at least 27 years.

That said, you don't necessarily need to have a perfect credit score in order to get favorable terms on loans or low APRs on credit cards, as only a very small percentage of people have a perfect credit score. A recent FICO report showed that in April 2019, just 1.6% of the U.S. scorable population had a FICO score of 850 —it's typically unnecessary to aim for a credit score above 800.

Generally, the rule of thumb is you'll need to have a credit score above 760 in order to receive the best terms on loans and/or mortgages. In other words, having a credit score of 800 puts you within the top credit score range and will help you qualify for the best terms, whether it's for a mortgage or a personal loan.

Best credit cards if your credit score is 800

Having a credit score of 800 gives you access to some of the best credit cards on the market, which typically have a lower APR, offer more rewards opportunities, include more perks and have better welcome bonuses.

The Chase Sapphire Preferred® Card is a popular choice for consumers who want a credit card with a generous welcome bonus but don't need a luxury card. Chase Sapphire Preferredcardholders can earn 75,000 bonus points spending $4,000 within the first three months of account opening.

Points earned can be redeemed through Chase Travel℠ for a redemption value of 1.25 cents per point, so the welcome bonus alone could be worth $937.50 in travel rewards, or potentially more if you transfer your points to any of Chase's travel partners like United or Hyatt.

Chase Sapphire Preferred® Card

On Chase's secure site

  • Rewards

    Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Chase Travel Hotel Credit, plus more.

  • Welcome bonus

    Earn 75,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's over $900 when you redeem through Chase Travel℠.

  • Annual fee


  • Intro APR


  • Regular APR

    21.49% - 28.49% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee


  • Credit needed


  • Terms apply.

Read our Chase Sapphire Preferred® Card review.

Those who prefer a luxury credit card with a higher annual fee and more benefits should consider the American Express® Gold Card, which offers perks such as up to $120 Uber Cash credit annually ($10 in Uber Cash each month which can be used towards rides or Uber Eats), a $120 annual dining credit ($10 in statement credits each month when ordering through select dining options, such as Grubhub and Shake Shack) and a $100 experience credit with a minimum two-night stay when you book The Hotel Collection through American Express Travel. Experience credit varies by property.

The current welcome bonus gives new cardholders 60,000 Membership Rewards® points after spending $6,000 on eligible purchases with your new card within the first 6 months of card membership.

American Express® Gold Card

On the American Express secure site

  • Rewards

    4X Membership Rewards® points at Restaurants (plus takeout and delivery in the U.S.) and at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X), 3X points on flights booked directly with airlines or on, 1X points on all other purchases

  • Welcome bonus

    Earn 60,000 Membership Rewards® points after you spend $6,000 on eligible purchases with your new Card within the first 6 months of Card Membership.

  • Annual fee


  • Intro APR

    Not applicable

  • Regular APR

    See Pay Over Time APR

  • Balance transfer fee


  • Foreign transaction fee


  • Credit needed


  • See rates and fees, terms apply.

Read our American Express® Gold Card review.

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Read more

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Is 700 considered to be a good credit score? Here's how it compares to the average credit score

Is 600 considered a bad credit score? Here’s how it compares to the average credit score

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.

Is 800 a good credit score? Here's what to expect when you reach this number (2024)


Is 800 a good credit score? Here's what to expect when you reach this number? ›

If you have a credit score of 800, it probably means you have a long credit history, have been making payments on time and keep a low credit utilization ratio.

How good is an 800 credit score? ›

Your 800 FICO® Score falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.

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.

Can an 800 credit score buy a house? ›

With an 800 credit score, you're already in the highest possible range, meaning that you should get the best rates lenders are able to offer. Still, there are some ways to boost your score even higher and strengthen your mortgage application. For one, you can focus on improving your debt-to-income ratio, or DTI.

What interest rate can you get with an 800 credit score? ›

Average rate by credit score
FICO ScoreNational average mortgage APR
660 to 6797.388%
680 to 6997.174%
700 to 7596.997%
760 to 8506.775%
2 more rows
May 2, 2024

How rare is 825 credit score? ›

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data.

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

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.

Is a credit score of 900 good? ›

A credit score of 721-880 is considered fair. A score of 881-960 is considered good. A score of 961-999 is considered excellent (reference: TransUnion (formerly Callcredit) is the UK's second largest CRA, and has scores ranging from 0-710.

Has anyone gotten an 850 credit score? ›

How many Americans have an 850 credit score? Only 1.31% of Americans with a FICO® Score have a perfect 850 credit score. While a score this high is rare among any demographic, older generations are more likely to have perfect credit. Baby boomers make up a whopping 59.4% of the people with an 850 credit score.

Does anyone have a 1000 credit score? ›

Although a 1,000 score isn't possible, an excellent credit score is attainable.

What is a good credit score by age? ›

Consider yourself in “good” shape if your credit score is above the average for people in your age group. Given that the average credit score for people aged 18 to 26 is 680, a score between 680 and 690 (the average for people aged 27 to 42) could be considered “good.”

How much house can I afford on a 70K salary? ›

The house you can afford on a $70K income will likely be between $290,000 to $310,000. Aside from your gross monthly income, lenders look at your credit report, down payment, monthly debt payments (including car payments and personal loans), and your estimated mortgage rate, among other things.

What house can I afford on 150k a year? ›

With a $150,000 salary, you could afford a home priced around $415,000-$430,000, assuming you have $20,000 saved up for a down payment and are carrying some monthly debt already, such as a car payment or student loan. This also assumes an interest rate of 7%.

How rare is an 800 credit score? ›

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

Can I buy a car with an 800 credit score? ›

While there is no set credit score to get an auto loan, a majority of approved borrowers have scores above 660. Having a low credit score won't necessarily keep you from getting an auto loan, but you will likely pay a higher interest rate.

Is there any benefit to an 800 credit score? ›

Key Takeaways. An 800 credit score shows lenders you are an exceptional borrower. You may qualify for better mortgage and auto loan terms with a high credit score. You may also qualify for credit cards with better rewards and perks, such as access to airport lounges and free hotel breakfasts.

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 700 a good credit score? ›

For a score with a range between 300 and 850, a credit score of 700 or above is generally considered good. A score of 800 or above on the same range is considered to be excellent. Most consumers have credit scores that fall between 600 and 750. In 2023, the average FICO® Score in the U.S. reached 715.

Is 1000 a good credit score? ›

A credit score of 1,000 is not possible because the standard credit score range used by FICO and VantageScore is 300 to 850. Other credit scoring models have a high of 900 or 950, but they are industry-specific and only used by certain financial institutions.

What percentage of the population has an 800 credit score? ›

22% of U.S. Consumers Have Exceptional Credit
Percentage of Consumers by FICO® Score 8 Range
RangePercentage of Consumers
Good (670-739)21.6%
Very good (740-799)28.1%
Exceptional (800-850)21.9%
2 more rows
Apr 17, 2024

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