Not exact matches
Having a poor
credit score will either keep you from obtaining
credit altogether or place you in a high - risk category, which
means that if you're approved for
credit or loans, the interest rates you'll be offered will be significantly higher than someone with
excellent credit.
Having an
excellent credit score has
meant getting low rates on a mortgage and car loan, which is obviously also a huge savings.
On the other hand, if you have
excellent credit,
meaning that your
score starts somewhere at 750 or north of it, you can expect the best
credit card perks, the best interest rates, the best everything.
Getting auto loans approved with bad
credit ratings usually
means having to pay higher rates of interest, compared to loans with an
excellent credit score.
A very good - to -
excellent credit score is important in the approval process, so anything below a prime FICO
score of 700 may
mean getting saddled with inflated interest rates or declined for the loan.
Most rewards
credit cards require that you have
excellent credit which
means a
credit score at least over 720.
This
means a good to
excellent credit score (680 to 850), several years of
credit history, variety of account types (
credit cards, mortgages, auto loans, etc.), demonstrated ability to save and low debt - to - income ratio.
But just having an
excellent credit score does not
mean guaranteed success.
The card requires
excellent credit for approval which generally
means a FICO ®
credit score in the low 700's and higher.
An
excellent score can land you low - interest rates,
meaning you will pay less for any line of
credit you take out.
Based on the commonly used
scoring range of 300 to 850, a
score of 781 to 850 and above is generally considered «
excellent» and
means you're well positioned to qualify for
credit with the lowest rates.
The perks of having a good or
excellent credit score typically
mean lower interest rates and ability to qualify for
excellent credit credit cards, or good
credit credit cards as well as a home mortgage.
Yes, you'll find
credit cards for people with a bad
credit score some help people to rebuild bad
credit with
credit cards
meant for individuals who do not enjoy an
excellent credit history.
Meanwhile, its variable APR
means applicants with even
excellent credit scores will be saddled with a higher - than - average APR..
When you have an
excellent credit score, it
means that you will likely get the best lending terms.
The median
score is around 720,
meaning half of all people have
scores higher than 720, and anything over 740 to 750 is usually considered
excellent credit.
Folks with fair
credit,
meaning a FICO
score between 650 and 700, have plenty of
excellent credit card choices also.
But just having an
excellent credit score does not
mean guaranteed success.
Just having an
excellent credit score does not
mean guaranteed success.
Your
excellent credit score means you should have your pick of any of these:
The card requires
excellent credit for approval which generally
means a FICO ®
credit score in the low 700's and higher.
Airline cards — and travel cards in general — typically require a good or
excellent credit scores,
meaning 690 or higher.
And by that, I
mean EXCELLENT credit — like 800 and up
credit (remember,
credit scores range from 300 [horrible] to 850 [perfect]-RRB-.
For instance, a person with a low
credit score is considered a higher risk, which
means that person may pay higher rates than someone with
excellent credit.