If you’re applying for a loan, credit card, or even renting an apartment, your credit score matters. But what’s actually considered a “good” credit score in the U.S.? This guide breaks it down by the numbers — and helps you understand where you stand.
Credit Score Ranges (FICO Score)
The most commonly used credit scoring model in the U.S. is FICO. Here’s the breakdown:
| Credit Score Range | Rating |
|---|---|
| 300 – 579 | Poor |
| 580 – 669 | Fair |
| 670 – 739 | Good |
| 740 – 799 | Very Good |
| 800 – 850 | Exceptional |
📌 Note: Some lenders may have slightly different interpretations, but this table is the general standard.
What is a Good Credit Score Exactly?
A score between 670 and 739 is generally considered good. This score tells lenders you’re reasonably responsible with credit and lowers your risk profile.
Why Does a Good Credit Score Matter?
- Easier loan approvals
- Lower interest rates
- Better credit card offers
- Higher limits
- More rental or mortgage options
Factors That Affect Your Score
- Payment History (35%) – Always pay on time.
- Credit Utilization (30%) – Keep balances low.
- Length of Credit History (15%) – The older, the better.
- Credit Mix (10%) – Having different types of accounts helps.
- New Credit (10%) – Too many recent applications can hurt.
How Can You Move from Fair to Good?
- Pay down credit card debt
- Don’t miss any payments
- Limit new applications
- Use tools like Experian Boost
- Consider becoming an authorized user on a good account
Conclusion:
A good credit score in the US starts at 670, but getting to 740+ opens the door to even better opportunities. Stay consistent, and your score will climb.