Very Good Credit

Is 720 a Good Credit Score?

A 720 credit score is Very Good — the threshold where the best rates from premium lenders become available. You're in the top third of American borrowers.

Last Updated: March 2026 WiseIQ Editorial Team

720

Very Good Credit

FICO Score Range: 300–850

300850

Browse Credit Scores

580 600 620 640 660 680 700 720 740 760 780 800 850

Score Tier

Very Good Credit

Grade

A-

Better Than

68% of Americans

What You Qualify For with a 720 Credit Score

Credit Cards

All major rewards cards including Chase Sapphire Reserve, Amex Platinum, and top-tier travel cards.

Personal Loans

Best rates from LightStream and SoFi. 6%–12% APR typical at 720.

Auto Loans

Excellent rates. 4%–7% APR typical. Near the best available.

Mortgage

Very competitive rates. Within 0.1%–0.25% of the absolute best rates.

HELOC

Best available rates from most lenders. Strong LTV options.

Savings Account

Any bank — credit scores don't affect savings account eligibility.

Best Financial Products for 720 Credit Score

Credit Cards for 720 →Personal Loans for 720 →Savings Accounts for 720 →HELOC for 720 →

What's Keeping You Below the Next Tier

Utilization above 10% (even 15%–20% holds scores below 750)
Average account age under 7 years
A single late payment from 3–5 years ago still aging off
Limited credit mix
One or two hard inquiries from recent applications

How to Improve a 720 Credit Score

Target 750 — the Exceptional threshold

750+ is where you get the absolute best rates on everything. It's your next goal.

Get utilization below 5%

At 720, you're probably at 10%–20% utilization. Getting to under 5% can add 10–20 points.

Let your accounts age

Average account age is a significant factor. Avoid opening new accounts for 12+ months.

Pay off any remaining collections

Even old collections can hold your score below 750. Negotiate pay-for-delete if possible.

Diversify your credit mix

If you don't have a mortgage or auto loan, a small installment loan can add points.

Timeline: From 720, reaching 750 typically takes 6–18 months depending on what's holding you back.

Frequently Asked Questions

Is 720 a good credit score?

720 is Very Good — a significant milestone where the best rates from premium lenders like LightStream and SoFi become available. You're in the top third of American borrowers. The main financial benefit of going above 720 is marginal rate improvements; the biggest rate jumps happen below 720.

What credit cards can I get with a 720 credit score?

With a 720 score, you qualify for virtually all major credit cards including Chase Sapphire Reserve (best travel card), Amex Platinum, Capital One Venture X, and all premium cash back cards. Approval also depends on income and existing debt, but a 720 score won't be the limiting factor.

Is 720 good enough for the best mortgage rates?

720 gets you very competitive mortgage rates, but the absolute best rates typically require 740–760+. The difference between 720 and 760 on a $400,000 mortgage is approximately $5,000–$15,000 over 30 years — meaningful but not dramatic.

← 700 Score 740 Score →