Quick Answer
A good credit score is generally considered to be 670 or higher on the FICO scale (300–850). Scores of 740+ are considered "very good" and scores of 800+ are considered "exceptional."
| Score Range | Rating | What It Means |
|---|---|---|
| 300–579 | Poor | Difficulty getting approved. High rates if approved. Secured cards only. |
| 580–669 | Fair | Some approvals. Higher-than-average rates. Limited product choices. |
| 670–739 | Good | Most products available. Near-average rates. Good approval odds. |
| 740–799 | Very Good | Better-than-average rates. Strong approval odds. Premium cards available. |
| 800–850 | Exceptional | Best rates available. Highest approval odds. All products accessible. |
| Factor | Weight | What It Measures |
|---|---|---|
| Payment History | 35% | On-time payments vs. late/missed payments |
| Credit Utilization | 30% | How much of your credit limit you're using |
| Length of Credit History | 15% | Age of oldest, newest, and average accounts |
| Credit Mix | 10% | Variety of account types (cards, loans, mortgage) |
| New Credit | 10% | Recent applications and new accounts |
Is 700 a good credit score?
Yes. A 700 credit score is in the 'Good' range (670–739) on the FICO scale. With a 700 score, you'll qualify for most credit products including mortgages, auto loans, and credit cards, though not always at the best available rates. Improving to 740+ unlocks significantly better rates.
Is 750 a good credit score?
Yes. A 750 credit score is in the 'Very Good' range (740–799) on the FICO scale. With a 750 score, you'll qualify for the best rates on most products and have strong approval odds for premium credit cards and large loans.
What is the average credit score in the US?
The average FICO score in the US is approximately 716 as of 2024, which falls in the 'Good' range. About 21% of Americans have scores above 800, and about 16% have scores below 580.
How long does it take to get a good credit score?
Building a good credit score (670+) from scratch typically takes 12–18 months with consistent on-time payments and low credit utilization. Improving from a poor score (580) to good (670+) typically takes 1–3 years depending on what's dragging your score down.
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Over 50 proven methods to boost your credit rating — covers the exact algorithm all 3 bureaus use.
View on Amazon →The definitive guide to eliminating debt and rebuilding your financial foundation step by step.
View on Amazon →As an Amazon Associate, WiseIQ earns from qualifying purchases. This does not affect our editorial recommendations.