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Your credit score tells a lot about you and is used by everyone from lenders to potential employers. So what does a 750 credit score say to the world?
What does having a 750 credit score mean?
A FICO score between 740 and 799 is labeled “very good” and is above the average score of 716 (as of August 2022). Lenders consider someone with a 750 credit score a responsible borrower. This is because only 1% of these individuals will become delinquent on their loans in the future.
While credit scores of 800 or above are labeled “exceptional,” a score of 750 will likely get you some of the best rates available for auto loans and mortgages. You’ll also have access to some of the most attractive credit card products.
Which types of credit cards can you get with a 750 credit score?
A 750 credit score should unlock the best cards available, including those with attractive cash back rewards, free hotel nights, airport lounge access, and low interest rates.
Here are three of our favorite credit cards for anyone with a 750 credit score.
card_name
Chase Sapphire Reserve® Card
Chase Sapphire Reserve® Card
Why we like it:
Product details:
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.
- $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
- Earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases
- Get 50% more value when you redeem your points for travel through Chase Travel℠. For example, 60,000 points are worth $900 toward travel.
- 1:1 point transfer to leading airline and hotel loyalty programs
- Access to 1,300+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select and up to $100 application fee credit every four years for Global Entry, NEXUS, or TSA PreCheck®
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more
- Member FDIC
The card_name is one of the best premium travel credit cards available. While it comes with a annual_fees, the perks easily make up for it.
You’ll bonus_miles_full. You’ll also be eligible for the following Ultimate Rewards points on purchases:
- Earn 10x on hotels and rental cars booked through Chase Ultimate Rewards.
- Earn 5x on flights booked through Chase Ultimate Rewards.
- Earn 3x on other travel and dining.
- Earn 1x on all other purchases.
In addition to points on purchases, cardholders will receive an annual $300 travel credit, up to $100 credit every four years for Global Entry or TSA Precheck, Priority Pass™ Select lounge access, and more.
card_name
Blue Cash Preferred® Card from American Express
Blue Cash Preferred® Card from American Express
If you don’t mind keeping track of variable cash back rewards, consider the card_name . You’ll bonus_miles_full, and the following cash back rewards on purchases made:
- Earn 6% cash back at U.S. supermarkets on up to $6,000 per year in purchases (1% after that).
- Earn 6% cash back on select U.S. streaming subscriptions.
- Earn 3% cash back at U.S. gas stations and on transit.
- Earn 1% cash back on all other purchases.
As a card member you’ll receive up to a $120 statement credit for an Equinox+ membership. You’ll also get $7 back monthly when you use your card to pay for the Disney Bundle (Disney+, Hulu, and ESPN+). There is a annual_fees annual fee.
What will you get approved for with a 750 score?
If you have a 750 credit score you’ll usually be approved for most products. The only question will be the terms you receive.
Loans
If you want to take out a car or personal loan, you should have no issues being approved and be able to receive one of the lowest interest rates that each lender offers.
Mortgages
When purchasing a home there are a lot of things that factor into a lender's decision. This includes your credit score, monthly income, debt-to-income ratio, and more. However, if you have a 750 FICO score, you shouldn’t have any issues being approved for a mortgage.
With most lenders you should also qualify for excellent mortgage rates as long as you have a reasonable debt-to-income ratio. However, some lenders require a 760 credit score before offering their best interest rates.
RELATED: Best Online Mortgage Lenders
Rentals (apartments)
Landlords don’t typically have a standard credit score they look for when deciding whether to approve a rental application. However, it’s unlikely that a landlord will decline a potential tenant because of a 750 credit score.
What will a 750 score impact?
Having a 750 credit score will affect some key financial aspects of your life.
Interest rates
Lenders pay close attention to credit scores when deciding which rates to offer borrowers for different products. A 750 credit score should get you a rate that’s among the best for nearly any loan product. Occasionally, however, some lenders will require a 760 credit score before offering the best mortgage rates.
Types of credit cards
Earning credit card rewards is important to a lot of people. However, someone with a lower credit score isn’t going to have a lot of opportunities to earn rewards. As your score increases, the cards available will also increase. Generally, someone with a 750 credit score can access the best credit cards with the most attractive perks.
How to improve your 750 credit score
Do you want to increase your credit score to ensure that you get the best rates possible? Here are a few tips to help.
Credit monitoring
Monitoring your credit score is one of the most important things you can do. It allows you to stay on top of potential problems on your credit report that could cause adverse movements in your FICO score. Services such as Experian keep you in the loop about changes to your credit report. If you spot things that don’t seem right, you can quickly have them corrected.
Experian CreditWorks℠
Experian CreditWorks℠
Why Experian
Budgeting apps
If you’re not keeping a budget, you should be. Your credit utilization makes up 30% of your FICO score. This is the amount of credit you use compared with your available credit. When you track how much you’re spending each month, you’re more likely to keep your spending in control. Apps such as Simplifi by Quicken will give you visibility into how much you spend each month on different categories, helping you make adjustments if needed.
Simplifi
Simplifi
Automatic payments
The most significant piece of your credit score is your payment history, which makes up 35% of your FICO score. Missed payments can stay on your credit report for seven years and significantly impact your score.
The easiest way to ensure that you never miss a payment is to set up automatic payments. Most credit card companies allow you to set up automatic payments for the minimum balance, statement balance, or total balance on your card. You can use Cash App to set up automatic payments on other bills.
Limit your inquiries
When you apply for a new credit card or loan product, a hard inquiry will be done on your credit report. This will reduce your credit score by several points. While this is a short-lived impact, it can affect the interest rate for which you’re eligible. Some lenders may only do a soft pull on your credit to check for eligibility. This won’t have any impact on your credit score.
Keep accounts open if possible
If you have a credit card you’ve thought about canceling because of the annual fee, avoid it if possible. Fifteen percent of your credit score is the length of your credit, and closing credit cards can negatively impact that number. Instead, call your card issuer and ask if you can downgrade to another card with no annual fee. Most issuers are more than willing to do this. They keep you as a customer, and you no longer need to pay the annual fee on the card.
Get credit for nontraditional payments
Historically, not all payments have been considered when establishing your credit score. However, services such as Experian Boost will allow you to improve your credit score with on-time payments for rent, phone bills, and streaming services.
Experian Boost
Experian Boost
TIME Stamp: A credit score of 750 opens most financial doors
If you have a credit score of 750, you’re doing something right. You’re proving to lenders that you’re a responsible borrower and will be rewarded with lower interest rates on loan products and access to the best credit cards. That said, “very good” isn’t “exceptional.” You need a score of 800 or higher for that, and it could get you even better credit cards and the lowest mortgage interest rates.
Frequently asked questions (FAQs)
What interest rate can I get with a 750 credit score?
With a 750 credit score you’ll be able to get lower interest rates on auto loans, personal loans, and credit cards. While some mortgage lenders will offer you their lowest interest rates, others will require you to boost your credit score to 760.
How much can I borrow with a 750 credit score?
While your credit score is part of determining how much money you can borrow, other factors include your income and debt-to-income ratio. Lenders will use all this information to understand how much you can reasonably borrow for specific products.
What kind of home loan can I get with a 750 credit score?
The kind of mortgage you can get depends on more than just your credit score. Whether it’s a conventional mortgage or a government-insured one matters, as does whether it is a fixed- or variable-interest rate loan. Your annual income, the home’s location, the size of your down payment, and the term and amount of the loan all factor into what you may be offered.
As of Dec. 18, 2023, FICO reports that with a 750 credit score, the annual percentage rate (APR) on a 30-year fixed-rate conventional mortgage for $300,000 would be 6.416%. The monthly payment would be $1,880. For a 15-year fixed-rate version, those numbers would be 5.747% and $2,491.
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