Is 750 a Good Credit Score?

By Lauren Ward

A 750 is better than a good score. It qualifies as a very good credit score and can help you qualify for loans and lines of credit with favorable interest rates and terms. While it’s not in the very top category, which is called excellent and requires a score of 800 and above, it is still a reflection of the fact that you manage credit well.

Learn more about what financial products a 750 credit score can unlock.

What Does a 750 Credit Score Mean?

A 750 credit score means your credit is above the average American’s, which is 717 and falls into the very good range.

Here’s how the FICO® Score, a popular credit-scoring model, groups its credit categories:

•   Under 580: Poor

•   580-669: Fair

•   670 to 739: Good

•   740-799: Very good

•   800 or more: Exceptional or excellent

Your 750 credit score also means that you’re likely to qualify for favorable financing terms, like lower interest rates and larger loan amounts and credit lines. In terms of credit cards, you will probably be able to get a card with robust rewards like cash back or travel perks.

That’s because you’ve developed a solid repayment history over time, and lenders will likely feel as if there’s a very small chance you’ll default on any future payments. If your score has improved since you last took out some kind of financing, you may even be able to refinance a loan at a better rate.

What Factors Cause a 750 Credit Score?

A credit score of 750 indicates that you have positive records on your credit report across most, if not all, categories that are analyzed. And any negative items are likely several years old.

Here are the five scoring categories represented on your credit report that contribute to your solid score and reveal how you are probably managing your credit

•   Payment history: The vast majority of your loan and credit payments have been made on time over the last seven years:

•   Amounts owed: Your credit lines aren’t overleveraged.

•   Length of credit history: Your credit history is established enough where lenders are confident in your ability to repay.

•   New credit: You don’t have too many new inquiries or credit lines opened in the last year.

•   Credit mix: You likely have a mixture of both revolving credit and installment loans on your report.

What Else Can You Get With a 750 Credit Score?

Having a 750 credit score isn’t just a point of pride. It offers real financial benefits. Interest rates offered to those with a 750 credit score tend to be some of the lowest out there, whether you’re looking for a new credit card or a personal loan.

But depending on the type of financing you’re looking for, other factors impact your quote as well. Here’s how to navigate four types of financing with a 750 credit score.

Can I Get a Credit Card With a 750 Credit Score?

You’re likely to get approved for a credit card with a low interest rate for a 750 credit score. On top of that, you might also qualify for a higher credit line and better rewards programs. These are usually available to those with a credit score of 700 or higher. Some of the very top-tier benefits, however, may require a score of 800 or higher.

Explore different types of available rewards to choose the best card for what you’re interested in. Just keep an eye out for any annual fees, which sometimes accompany credit cards with substantial perks.

Common credit card rewards you can accrue as you make purchases with your card include:

•   Cash back: Earn a small percentage of your spending, usually between 1% and 5%, to be used as you like (such as applying it to your credit card bill or spending it).

•   Travel miles: Accrue travel miles that can be applied to future travel expenses.

•   Points: Accumulate points that can later be redeemed as cash back or purchases.

When searching for rewards cards, also look for sign-up bonuses. You can earn more points, cash back, or miles by meeting certain spending criteria within an introductory period.

Creditors also look at other factors when you apply for a credit card — not just your credit score. They might also evaluate your employment, income, financial assets, and existing debt. In this way, your overall financial profile can come into play.

Can I Get an Auto Loan With a 750 Credit Score?

You should get approved for an auto loan at this level of credit. But what interest rate can you get with a 750 credit score for a car? The average rate as of mid-2024 was 6.87% for a new car and 9.36% for a used car if you have a credit score between 661 and 780 vs. 13.18% for a new car and 18.86% for a used car for those who have credit scores between 501 and 600. As you can see, lenders charge less in interest for new cars because they’re easy to value and are assumed to be in good condition.

But your desired loan amount also impacts your eligibility and credit score. You might get quoted a higher rate for a more expensive car. You’ll also need to have enough income and a lower debt-to-income (DTI) ratio to support the loan amount you want.

The lender uses both metrics to determine your maximum monthly payment. Depending on the lender, the maximum DTI usually ranges between 46% and 50%. That means all of your monthly debt payments, including all auto loans, other loans, and mortgage, can only account for up to 50% of your monthly income.

To find your DTI, add up all of your monthly debt payments and divide the total by your monthly gross income. Multiply by 100 to get your DTI percentage.

Can I Get a Mortgage With a 750 Credit Score?

You will likely have your pick of mortgage programs with a 750 credit score and may also qualify for a lower down payment. Here are some options:

•   Conventional loan: With a 750 credit score, you should qualify for some of the best rates available. Down payment requirements for this loan type range between 3% and 20%.

•   Jumbo loans: This mortgage helps you buy a high-value home that’s over the conventional loan limit for your area. In most areas, it’s $806,500. You could qualify for a jumbo loan with a 750 credit score, as long as you have enough income and assets.

•   FHA loan: This government-back mortgage requires a minimum credit score of 580. So while you would qualify with a 750, it may not be the best option because of the fees that come along with it.

•   VA loan: This loan is designed for military service members, veterans, and surviving spouses. It comes with a 0% minimum down payment and low credit score minimums. Fees may be low so it’s an option for borrowers with good credit scores who meet the service requirements.

•   USDA loans: This is another government program but is targeted to homebuyers house hunting in rural areas instead of veterans. There’s no down payment required, but you can only earn a certain amount in order to qualify for this 0% down payment mortgage.

Remember, the higher your score, the more favorable your interest rate and terms are likely to be.

Can I Get a Personal Loan With a 750 Credit Score?

In most instances, you should be able to get a personal loan, an unsecured loan typically with a fixed interest rate, that can be used for almost any purpose, such as paying for a wedding. Amounts offered can vary from $1,000 up to $100,000, and terms can run from two to seven years.

Another kind of personal loan is a debt consolidation loan. These usually combine one or more high-interest lines of credit into a single, convenient installment loan at a significantly lower interest rate. This can be more convenient and make it easier to pay down debt.

But how much can you borrow with a 750 credit score? It depends on multiple factors outside your credit, including your income and current debt loads.

A personal loan calculator can help you estimate monthly payments for different loan amounts. By adding that to your other existing debt payments, you can gauge your debt-to-income ratio to see how large a loan you could qualify for.

Whenever you’re applying for any type of financing, remember to preserve your credit score by only applying for new credit as needed and avoiding maxing out your credit cards. And as always, stay on top of your payments each month to avoid a sudden drop in your score.

Recommended: Typical Personal Loan Requirements Needed for Approval

The Takeaway

A credit score of 750 is considered very good and indicates that you have handled debt responsibly in the past. This 750 score can give you lots of options when it comes to financing. You will likely qualify for credit cards with favorable terms and attractive rewards, home loans including jumbo loans, car loans, and personal loans.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. Checking your rate takes just a minute.

SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

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