By Austin Kilham

(Last Updated – 12/2025)

A 680 credit score does indeed qualify as a good credit score. With a three-digit score between 670 and 739, you are classified as in the “good“ range, according to FICO^®, which produces the most commonly used credit scores by lenders.

A credit score of 680 will likely qualify you for many options when it comes to loans and lines of credit. Here’s a closer look at what a score of 680 could mean for you and your ability to secure different kinds of credit.

What Does a 680 Credit Score Mean?

A credit score of 680 puts you in the “good” category per FICO credit scores. Above that is “very good” at 740 to 799, and “exceptional” at 800 to 850.

At its most basic, a credit score is a numerical representation of your credit history. It gives weight to factors such as length of credit history, how much credit you are currently using, whether you pay your bills on time, how many different types of accounts you maintain, and whether you’re actively seeking new credit.

When you apply for a new loan or line of credit, here are some considerations:

•   Your potential lender will take a close look at your score to determine your creditworthiness. They’re looking for higher scores, which demonstrate that you’ve been responsible with credit in the past, paying bills across multiple accounts on time.

•   Borrowers with numbers in the higher credit score ranges are potentially less risky to lenders. And as a result, lenders are more likely to offer them lower interest rates and more favorable terms.

•   Lenders typically see borrowers with low scores as potential risks. They’re worried these individuals may be more likely to default on their loan, a process that is costly for lenders as they try to recoup their losses.

•   Lenders may choose not to extend credit to borrowers with low scores, especially those with “poor” scores of less than 580.

•   When lenders do offer credit to individuals with a lower or what you might call bad credit score, they may offset their risk with higher interest rates and fee. This increases the cost of borrowing.

How do you compare to the rest of the nation? Most people in the US have a credit score between 600 and 750, and the average score is 715. Though a credit score of 680 is a bit less than average, it does still qualify you as a “prime” borrower. In other words, lenders may believe you’re likely to pay your bills on time and pay off your loan in full.

What Else Can You Get with a 680 Credit Score?

With a credit score of 680, there will likely be a wide range of loans available to you. In addition, you may favorably impress landlords who check your credit score when you apply to be a tenant.

Can I Get a Credit Card with a 680 Credit Score?

With a credit score of 680, you’ll likely qualify for a broad range of credit cards. There may be only a few cards that are reserved for individuals with excellent credit. In addition, the higher your score, the more likely you are to qualify for lower rates and enhanced rewards, such as points, miles, and/or cash back.

Used wisely, credit cards can help you continue to build your credit. If not, they can cause you to take on more debt and potentially hurt your credit score.

•   Credit cards are a form of revolving credit that allow you to carry balance from month to month. In return, they may charge very high interest rates. These hover around 24% on average, and can make borrowing very expensive.

•   You can avoid interest payments by paying your bill in full every month, which can help build credit. If you fall behind, however, you’ll carry a balance and owe interest.

•   Beware: Credit card interest compounds. If you continue to carry a balance only making minimum payments, you’ll begin to owe interest on the interest you’ve already accrued, causing your debt to grow.

•   If you’re unable to pay off your card and you default on your loan, you could hurt your credit score.

Can I Get an Auto Loan with a 680 Credit Score?

With a score of 680, you’ll likely qualify for an auto loan. In fact, 35.19% of new loans went to prime borrowers in 2025, according to Experian. Compare that to the 10.86% of loans that went to near-prime borrowers (those with a score of 601 to 660) and 5.50% of loans that went to subprime borrowers, meaning those with scores between 501 and 600. Prime borrowers, by the way, are considered those with credit scores of 661 to 780.

As a prime borrower, you’ll also likely have access to some of the best interest rates. On average, prime borrowers paid 6.78% in interest on new loans in the period most recently reviewed. Super-prime borrowers (those with scores of 781 or higher) did better, with average rates of 5.27%, while subprime borrowers were charged a much higher rate of 13.38% on average.

Remember to shop around from various lenders to find the best way to finance a car purchase. Building your credit score could help you qualify for lower, super-prime rates.

Can I Get a Mortgage with a 680 Credit Score?

If you’re seeking a mortgage loan, a credit score of 680 should provide a host of options. You will likely qualify for most conventional loans, which typically require a credit score of 620 or higher. These are loans that are not insured or guaranteed by the federal government and are typically what you’ll find at most banks.

Among conventional loans, you’ll likely find a variety of options, including fixed- and adjustable-rate interest rates, as well as different options for length of the loan term.

Since lenders are taking on the risk, they look for individuals with higher credit scores. They’ll also take into account the size of the down payment you can make. The higher the amount, the less risk they need to take on, and the lower your interest rates may be.

Individuals with 680 credit scores should also easily qualify for government-back loans, such as Federal Housing Administration (FHA) loans. These usually require a credit score of 580 with a 3.5% down payment. Or, if you put 10% down, you may qualify with a lower score. Homes purchased through this program must be your primary residence.

If you’ve served in the armed forces, you may qualify for a VA loan. These are offered through the U.S. Department of Veteran Affairs and usually require a credit score of 580 to qualify.

Can I Get a Personal Loan with a 680 Credit Score?

A personal loan is a lump sum payment you agree to pay back in monthly installments. There are few restrictions for how personal loans can be used. For example, they could be used for credit card consolidation, home improvements, even the cost of a wedding celebration.

Borrowers with good credit scores will likely be able to secure a personal loan. And in some cases, a personal loan may be cheaper than other forms of credit, such as high-interest credit cards. Currently, the average personal loan interest rates are about 14%, compared to about 24% or higher for credit cards.

As with other forms of credit, the lowest possible interest rates will likely go to borrowers with the highest scores.

Can I Build My Credit Score?

As mentioned above, the higher your credit score, the more likely lenders will offer lower interest rates, which makes borrowing cheaper. So before you apply for a loan, you may want to take steps to build your credit score a bit. Some tips:

•   Always make on-time payments. This is the most important factor in your credit history, comprising 35% of your credit score.

•   Keep your balances low. The amount you already owe represents 30% of your score. Consider paying off debts — especially high-interest debts — to lower your debt-to-income ratio and make more credit available.

•   Work to lengthen your credit history, have a good mix of types of credit (lines of credit and installment loans, for example), and don’t apply for too much credit in a short period of time.

It can take some time to build your credit, so if you know you’ll need to borrow in the future, it can be wise to start as soon as possible.

The Takeaway

With a credit score of 680, you are in the range of what are considered “good” credit scores. That means you’ll likely have access to most types of credit. Before you apply for a loan, however, take steps to ensure you’re getting the best deal possible. Be sure to shop around to multiple lenders for the lowest interest rates and best terms.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Melissa Brock

(Last Updated – 11/2025)

A 640 credit score isn’t exactly good or bad. It is classified as “fair” on the popular FICO® Score scale. Still, that doesn’t mean you can’t reach some of your financial goals with a 640 score.

This three-digit number reflects a moderate degree of creditworthiness, or how well you handled debt and bills currently and in the past. Lenders use credit scores to determine whether they should grant you a loan and at what rate and with which terms. Given that the average credit score in the U.S. is currently 715, you can see that a 640 falls below the norm.

Read on for the definition of a 640 credit score, what it means, and what you can get in terms of loans and lines of credit.

What Does a 640 Credit Score Mean?

A 640 credit score means your score falls within the “fair” category — 580 to 669. It’s below the average credit score that most Americans have.

Credit scores generally fall in a credit score range from 300 to 850 in the most popular Fair Isaac Corporation (FICO) model. Here’s how these numbers stack up:

•   Exceptional: 800 to 850

•   Very Good: 740 to 799

•   Good: 670 to 739

•   Fair: 580 to 669

•   Poor: 300 to 579

FICO scores consider different aspects of your credit and have different weights attributed to various items:

•   Payment history (35%)

•   Credit utilization (the percentage of total available credit you’re using) (30%)

•   Length of credit history (15%)

•   Mix of credit accounts (10%)

•   New credit accounts (10%)

Some lenders may see your credit score and decide you have unfavorable credit. In the end, they may decline your credit application. If they accept your application, they may charge you a higher interest rate to compensate for the lower credit score.

Here’s another question you may wonder about: Is 640 a bad credit score? No, it’s not.

Recommended: FICO vs. Credit Score?

What Can You Get with a 640 Credit Score?

So, what can you qualify for with a 640 credit score? It’s a great question, because when you think about the basic things you might need, many of them — homes, cars, and buying power — require credit to get.

However, it’s not just loans and lines of credit that may use your credit score as a qualifying factor. Landlords might look at your score when you apply to rent a property, and utility companies may check your three digits as well when deciding whether to charge you for equipment (such as cable boxes). A higher credit score (say, one firmly in the good or very good category or higher) could help you in these regards.

Can I Get a Credit Card with a 640 Credit Score?

Yes, you may be able to get a credit card with a 640 credit score. However, your 640 credit score could make it difficult for you to get approved for credit cards with favorable interest rates and perks. Typically, credit card issuers look for scores of 670 or higher.

A secured credit card could make it possible for you to qualify if you don’t get approved or are trying to build your credit. A secured credit card is one in which you must put a security deposit to open the account. Cardholders make a one-time, refundable deposit that acts as collateral for the card. For some people, using a secured credit card responsibly can be a stepping stone to having an unsecured card.

If you have high-interest credit card debt, you may want to consider a credit card consolidation loan. These loans typically have a lower interest rate than credit cards and may help you save money on monthly payments.

Can I Get an Auto Loan with a 640 Credit Score?

Those with a 640 credit score may find it hard to get a car loan or to get one with an affordable interest rate. Typically, those go to borrowers with credit scores of 675 or higher.

If you are finding it challenging to get a car loan, you might consider putting down a higher down payment or adding a cosigner.

Can I Get a Mortgage with a 640 Credit Score?

Yes, you can get a mortgage loan to purchase a home with a 640 credit score. Let’s look at a few different home loan types and a rundown of each:

•   Conventional mortgage: A conventional mortgage is a loan not backed by a government agency. You can typically qualify for a conventional loan with a 620 credit score, so you should be in the clear with a 640. But remember that other factors come into the equation, such as your income. You will also need to put down a down payment and have enough to cover closing costs.

Those with higher credit scores (say, 740 and up) may be able to put down less than those with lower scores and also score lower interest rates, since they are seen as less risky borrowers. Other factors, such as income history, job stability, and debt-to-income ratio, may also have an impact on whether you are approved and with which terms.

•   FHA loans: FHA loans vs. conventional loans are backed by the federal government, specifically the Federal Housing Administration (FHA). What does “backed” mean? It means the federal government insures the loan to protect your lender if you quit making your mortgage payments. FHA loans often allow you to borrow with a credit score minimum of 500 and a lower down payment option. You can roll closing costs into your loan.

•   VA loans: VA loans are backed by the U.S. Department of Veterans Affairs. To qualify, you must be a service member, veteran, or qualifying surviving spouse. Most lenders look for a score of 620 (though some may accept 580), so you can likely get one with a 640 credit score. They do not require a down payment, but you must have a Certificate of Eligibility (COE) to qualify for a VA loan.

•   USDA loans: The U.S. Department of Agriculture guarantees USDA loans. You typically need a credit score of at least 640, so you’re in the right credit score neighborhood. You must also meet certain income criteria and purchase a home in a designated rural area.

•   Jumbo loans: This is the only loan you may not qualify for. They typically require you to have a higher credit score, typically 700 to 720 or higher, with a 10% to 20% down payment in order to qualify for these larger loans.

Jumbo loans exceed the Fannie Mae and Freddie Mac conforming loan limits. For 2025, the conforming loan limit is $806,500 unless you live in a high-cost area like Alaska or Hawaii, where the conforming loan limit is $1,209,750 for a single-unit property. The number increases depending on the number of units you own.

Are you unsure which type of mortgage fits you? Talk to a lender to learn more about the route you should go based on your score and other qualifications.

Can I Get a Personal Loan with a 640 Credit Score?

Yes, you should be able to get a personal loan with a 640 credit score. You can compare rates from a few different lenders, particularly through a local bank, credit union, or online lender.

Getting prequalified for a personal loan type can help you determine the interest rate you’ll qualify for. If you’re unsatisfied with the interest rate, you may consider cosigning with someone with a higher credit score than you.

Recommended: Personal Loan Calculator

The Takeaway

A 640 credit score is neither good nor bad. It is considered “fair” according to credit score ratings. While you may qualify for credit cards, other lines of credit, and loans, you likely won’t get the most favorable rates or perks. Building your score through diligent on-time payments and management of your credit utilization may help you snag better terms.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Jennifer Calonia

(Last Updated – 11/2025)

If you check the FICO® Score ranges, you’ll find that a credit score of 695 puts you solidly in the “good” category. You can probably feel confident that your creditworthiness is in good shape. In general, a 695 credit score will help you secure access to loans and lines of credit, though not necessarily at the most favorable interest rates available.

Here, you’ll take a closer look at what a 695 credit score means and how it will impact your qualifying for different kinds of credit.

What Does a 695 Credit Score Mean?

In the world of credit ratings, there are a number of different scoring models with varying ranges. For example, the commonly used Fair Isaac Corporation (FICO) scoring model uses a range of 300 to 850 while Equifax’s model ranges from 280 to 850.

Each model’s credit range is broken down into rating groups. Below is the credit rating scale for FICO Scores, which is the most popular system:

•   300 – 580: This “poor” rating is the lowest range in the scoring model and suggests that the borrower might be a default risk.

•   580 – 669: A “fair” rating that’s generally considered below average compared to other U.S. consumers. Some lenders might approve borrowers in this range.

•   670 – 739: A “good” FICO Score, as this range is around the average score of U.S. consumers.

•   740 – 799: This range is considered “very good.” It’s higher than the average consumer’s score. It suggests that the borrower has been responsible with credit in the past, and it can likely open doors to favorable offers for loans and credit lines.

•   800 or higher: This is the highest rating at “exceptional” or “excellent.” Borrowers in this credit range are viewed as being a low default risk and have the best chance at approval and the lowest loan interest rates.

Although a FICO Score vs. credit score of a different model might have slightly different ranges, a 695 credit score is generally regarded as average or good by most lenders.

Credit Score Factors

The activities that lead to a 695 FICO Score can be complex to decipher. A couple of hints:

•   The single biggest contributor to your score, at 35%, is payment history, meaning on-time payments. So a 695 credit score might mean that you have a late payment or two on your record, which could lower your credit score but overall demonstrate responsible repayment habits.

•   Or you might have a perfect payment record, but tend to have a high credit utilization. An example of this is having credit card balances that are regularly close to your limit.

Ultimately, a 695 score means that your credit data isn’t perfect based on the scoring model’s factors. It’s slightly below the national average credit score of 715, but overall, it shouldn’t raise immediate red flags for lenders.

What Else Can You Get with a 695 Credit Score?

Having a good credit score like 695 is helpful in many ways. Here are a few not-so-obvious instances where good credit comes in handy:

•  When getting an apartment rental.

•  When applying for a new job.

•  When setting up utility services, as you may be able to avoid a security deposit.

Of course, in addition to being advantageous in other areas of your life, a 695 FICO Score can help qualify you for getting new types of credit, which you’ll learn about next.

Can I Get a Credit Card with a 695 Credit Score?

Generally, having a 695 score is adequate enough to meet many card issuer’s minimum credit requirements, while a score that nudges over the 700 figure is likely to open even more doors.

•   A score of 695 is typically eligible for many unsecured credit cards. Getting an unsecured credit card means you aren’t required to put forward collateral like with secured cards. (Secured credit cards require a refundable security deposit that acts as the card’s limit.) With an unsecured card, you can access greater borrowing power that isn’t restricted by a deposit.

•   Some credit cards will require a higher minimum credit rating. These cards may offer lower interest rates and richer credit card rewards. For instance, some cards require excellent credit at a minimum which is at least 800.

Can I Get an Auto Loan with a 695 Credit Score?

Your credit score can help determine whether you’ll get approved for a loan, and it directly influences the interest rate you’re offered.

If you have a 695 credit score, you’re considered by many lenders as being a “prime” borrower in terms of your risk level. This means your borrowing history suggests you’d likely make your payments on time and pay back the entire loan as agreed. While there isn’t a universal score required to buy a car, most borrowers have scores of 661 or higher, according to Experian®.

Assuming you satisfy the lender’s other underwriting requirements, like income, other monthly obligations and credit utilization, you can likely get an auto loan with a 695 score.

Can I Get a Mortgage with a 695 Credit Score?

Yes, prospective home buyers can likely get mortgage loans with a 695 FICO Score. Moreover, you have a few options in the type of home loans you can access.

For example, Fannie Mae’s underwriting guidelines state that the minimum score for a fixed-rate manually underwritten loan is 620; for an adjustable rate, you’ll likely need a minimum 640 score. This means you can likely get a fixed- or adjustable-rate conventional mortgage loan with a 695 score.

If a conventional mortgage isn’t for you — for example, if you have a low down payment — a 695 credit score more than meets credit requirements for a Federal Housing Administration (FHA) Loan. FHA borrowers can qualify for a loan with a down payment as low as 3.5% and a minimum FICO score of 580.

Can I Get a Personal Loan with a 695 Credit Score?

Personal loans are a convenient way to finance a large purchase, or they can be a useful debt consolidation tool.

Typically, a good to exceptional credit rating is required by many personal loan lenders. A 695 credit score is good to have before applying for a personal loan, though it may not earn you the best available (lowest) interest rates. Those may be reserved for those with higher figures.

Typically, a good to exceptional credit rating is required by many personal loan lenders. A 695 credit score is good to have before applying for a personal loan, though it may not earn you the best available (lowest) interest rates. Those may be reserved for those with higher figures.

Personal loans come with either fixed or variable interest rates. Borrowers with the highest credit scores are more likely to qualify for the most competitive loan rates, but borrowers with “average” credit can also avoid steep rates that are generally reserved for subprime borrowers (or those whose scores are below 600 typically).

The Takeaway

A 695 credit score is categorized as a good score, meaning you are likely creditworthy. If you need to borrow money or apply for a new credit card with a 695 credit score, you should have a broad range of options to choose from. This score signals to lenders that you’re a reliable borrower and will likely repay your debt in full over time. However, you may find that some perks (such as lower interest rates or better credit card rewards) are available if you were to build your score higher still.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Marcy Lovitch

(Last Updated – 12/2025)

If you have a credit score of 722, you may worry it’s not high enough to qualify for different kinds of loans and credit cards, or even give you the ability to rent an apartment. But rest assured, a 722 credit score falls into the “good” category, signaling to lenders (or landlords) you are someone who is likely to make timely payments and fulfill your financial obligations.

Having a 722 credit score should give you access to a range of borrowing options with competitive interest rates and terms. However, a score of 722 is only slightly above the national average, and falls short of landing in the “very good” or “exceptional” credit tiers.

Read on to learn more about what a 722 credit score signifies and the different doors it can open for you.

What Does a 722 Credit Score Mean?

The most widely used credit scores are FICO® Scores, which range between 300 and 850. The higher your credit score, generally the more creditworthy you’re deemed to be by lenders and financial institutions. According to the credit bureau Experian®, the average FICO credit score in the U.S. is 715. This means that a 722 credit score puts you above the average.

According to FICO, the ranges and ratings for credit scores are:

•   Excellent: 800 to 850

•   Very Good: 740 to 799

•   Good: 670 to 739

•   Fair: 580 to 669

•   Poor: 300 to 579

In the FICO model, a credit score of 722 falls into the “good” credit category.

Credit scores can also be calculated using different scoring models, such VantageScore® (FICO’s main competitor) or a lender’s own proprietary algorithm. In the VantageScore model, a 722 credit score also falls into the “good” range, which is 661 and 780. This is only one tier away from their top rating, which is “excellent” (750 to 850).

Even though 722 is generally considered a good credit score, you’re still not in the “very good,” “excellent,” or “exceptional” credit score range. So, depending on the lender, you may not get the best interest rates or qualify for the most generous perks and benefits. However, you only have to improve your FICO Score by 18 points to make it into the “very good” range.

💡 Quick Tip: Some lenders can release funds as quickly as the same day your loan is approved. SoFi personal loans offer same-day funding for qualified borrowers.

What Can You Get With a 722 Credit Score?

Having a 722 credit score can put you in a good position when it comes to applying for credit cards, different types of loans, and apartment rentals. Here’s a closer look at what you can get if your credit score is 722.

Can I Get a Credit Card With a 722 Credit Score?

There’s no minimum credit score needed for a credit card, so even if you have poor or fair credit, you can typically still get one. However, having a lower credit score comes with some disadvantages, such as a lower credit limit and higher interest rate.

Falling into the good credit category gives you more choices when it comes to applying for credit cards, including more introductory offers, lower interest rates, and higher credit limits.

You may be able to snag a credit card without an annual fee. You might also be in the running for a rewards credit card, which may offer cash back or points you can use towards airline flights, hotels, or dining. In addition, you might be able to qualify for a 0% introductory annual percentage rate (APR), which can come in handy if you’re looking to make a large purchase or do a balance transfer from a card with a higher interest rate.

Recommended: Personal Loan vs Credit Card

Can I Get an Auto Loan With a 722 Credit Score?

The answer is yes. According to a second-quarter 2025 report from Experian, roughly 70% of cars financed were by people who had a credit score of 661 or higher. If you’ve got a score of 722, getting an auto loan shouldn’t be difficult.

Your car loan interest rate depends on your credit score, and the average interest rate for someone with a good credit score is 6.40% for a new car loan and 9.95% for a used-car loan, per Experian. Improving your credit could snag you even lower rates: For borrowers with credit scores between 781 and 850, the average interest rate for a car loan is 4.77% for a new car and 7.67% for a used car.

Dealers will often feature special lease offers and cash rebates for new cars, and a credit score of 722 can also increase your eligibility to take advantage of these opportunities.

Can I Get a Mortgage with a 722 Credit Score?

People with a 722 credit score can get a mortgage. Conventional mortgages (those not backed by the government) require a score of 620, while Federal Housing Administration (FHA) loans with low down payments require a score of 580. A 722 score puts you well over these thresholds.

That said, a 722 credit score likely won’t qualify you for a lender’s best mortgage rates. These are typically only offered to borrowers with scores in the very good or exceptional credit tiers. However, a 722 credit score should allow you to qualify for rates in line with national averages.

Keep in mind that mortgage lenders typically consider more than just your credit score when you apply for a home loan. They will likely also factor in your income, debt-to-income (DTI) ratio and the size of your down payment when determining your eligibility for a home loan, as well as the rates and terms they will offer.

Can I Get a Personal Loan With a 722 Credit Score?

If you’re thinking about using a personal loan to cover a large expense or consolidate high-interest credit card debt, you’ll be happy to know that a 722 credit score can get you a personal loan with competitive rates and terms. That said, not every lender will approve you. Some lenders only offer personal loans to applicants with scores well into the 700s.

Because personal loans are typically unsecured (meaning you don’t have to put up collateral like your car or savings), lenders want to be extra-sure that a borrower will be able to repay their debt. As a result, they will often look at multiple criteria — not just your credit score. Lenders may also factor in your income and employment history, cash flow, and how much debt you already have, when considering your eligibility for a personal loan.

💡 Quick Tip: Swap high-interest debt for a lower-interest loan, and save money on your monthly payments. Find out why SoFi credit card consolidation loans are so popular.

Can I Rent an Apartment With a 722 Credit Score?

When considering applicants for an apartment rental, a landlord or property manager will typically run a credit check to make sure the prospective tenant is likely to pay the rent on time each month. If you have a 722 credit score, you have a good chance of getting approved.

There’s no official credit score needed to rent an apartment. However, in cities and areas where the competition for rentals is stiff, some landlords may decide to rent to someone with a very good or exceptional score. Nevertheless, if you have a 722 credit score, along with a low DTI and a good past rental history, you should not have much difficulty renting an apartment.

The Takeaway

A 722 credit score puts you in a strong position to get approved for various types of loans and credit cards with lower interest rates and competitive terms. With this credit score, you’re also likely to show a prospective landlord you’re a good bet when it comes to renting an apartment.

Keep in mind, though, that a 722 is still only considered “good” in terms of creditworthiness. Since you’re not far from landing in the “very good” credit tier, it can be worth taking some steps to build your credit, such as always paying your bills on time, paying down credit card balances, and limiting hard credit inquiries. This can give you access to lending products with even better rates and terms in the future.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.

By Marcy Lovitch

(Last Updated – 12/2025)

A 700 credit score is considered “good” by many lenders, and can make it easier to get approved when you apply for a credit card or any type of loan. Good credit can also help you qualify for lower interest rates and credit cards with extra perks, while offering some other advantages.

However, a credit score of 700 doesn’t fall into the “very good” or “exceptional” credit tiers, and generally won’t qualify for a creditor’s best interest rates or loan terms.

Read on to learn what a 700 credit score means and how good credit can help (and hurt) when it comes to getting credit cards, personal loans, car loans, mortgages, and more.

What Does a 700 Credit Score Mean?

A credit score is a three-digit number, typically ranging between 300 and 850, designed to represent the likelihood you will pay your bills on time. The higher your credit score, generally the more creditworthy you’re deemed to be by lenders and financial institutions.

Your credit score is based on information contained in your credit reports, and you actually have several — not just one — credit score. Credit scores can be calculated using different scoring models, such as FICO®, VantageScore®, or a lender’s own proprietary algorithm. As a result, what counts as a “good” credit by one model or lender can be different from another model or lender.

The most widely used credit scores, however, are FICO scores. According to FICO, the ranges and ratings for credit scores are:

•   Poor credit: 300-579

•   Fair credit: 580-669

•   Good credit: 670-739

•   Very good credit: 740-799

•   Exceptional credit: 800-850

A 700 FICO Score is considered “good.” With VantageScore, someone with a credit score of 700 also falls into the “good” credit rating category. This is their second-to-highest tier and includes scores between 661 to 780.

Generally, someone with a 700 credit score is seen by creditors as a relatively low-risk borrower who will likely repay what they owe. However, even with a good credit score, you can still have a history of late payments. According to Experian®, late payments (30 days past due) appear in the credit reports of 52% of people with a FICO Score of 700.

💡 Quick Tip: Need help covering the cost of a wedding, honeymoon, or new baby? A SoFi personal loan can help you fund major life events — without the high interest rates of credit cards.

What Can You Get With a 700 Credit Score?

If you have a 700 credit score, lenders will generally view you as an acceptable or just-below average borrower, since the average FICO Score in the U.S. is 715. You may be able to access a variety of credit products, though not necessarily at the lowest-available interest rates.

With a 700 credit score, you’re above the “fair” or “poor” range but you aren’t in the two top FICO tiers or top VantageScore tier either. So, depending on the lender, you may not get the best interest rates or qualify for top perks or benefits.

Here’s a closer look at what you may be able to get with a credit score of 700.

Can I Get a Credit Card with a 700 Credit Score?

There’s no minimum credit score needed for a credit card. This means you can get a credit card even if you have poor or fair credit, though those will often come with some drawbacks such as a lower credit limit and high interest rate.

With a 700 credit score, you’ve demonstrated you’re likely to make payments on time. Having a good credit score rating generally gives you more choices when it comes to applying for credit cards, including more introductory offers, lower interest rates, and a higher credit limit, than a borrower with fair or poor credit.

You may also be able to snag a credit card without an annual fee and that offers rewards (such as cash back points you can use towards airline flights, hotels, or dining) and/or a 0% introductory annual percentage rate (APR).

But to qualify for credit cards with the most generous benefits and welcome bonuses. However, you generally need to have a credit score higher than 740, which is considered “very good” or “exceptional” credit.

Can I Get an Auto Loan With a 700 Credit Score?

According to a second-quarter 2025 report from Experian, roughly 70% of cars financed were by people with a credit score of 661 or higher. This means if you’ve got a score of 700, securing an auto loan shouldn’t be a problem.

Your credit score can have a significant impact on your car loan interest rate. The average interest rate for someone with good credit who takes out a car loan is 6.40% for a new car and 9.95% for a used car, per Experian. For borrowers with credit scores between 781 and 850, on the other hand, the average interest rate for a car loan is 4.77% for a new car and 7.67% for a used car.

While your credit score plays a significant role in determining your car loan interest rate, other factors — like the lender, amount borrowed, length of the loan, and economic conditions — also impact what rates and terms you can qualify for.

The best way to secure a competitive interest rate on your auto loan is to shop around and work on building an even stronger credit profile.

Recommended: Can You Get a Personal Loan for a Car?

Can I Get a Mortgage With a 700 Credit Score?

Conventional mortgages (those not backed by the government) require a score of 620, while Federal Housing Administration (FHA) loans with low down payments require a score of 580. A 700 score puts you comfortably over these requirements.

Keep in mind, though, that a 700 credit score likely won’t qualify you for a lender’s best mortgage rates, which are typically reserved for borrowers with very good or exceptional credit scores. However, with a 700 credit score, you should qualify for rates in line with national averages.

Also know that mortgage lenders will look at more than just your credit score when you apply for a home loan. They typically consider a range of criteria, including your debt-to-income (DTI) ratio and the size of your down payment.

Can I Get a Personal Loan With a 700 Credit Score?

There’s no universal minimum credit score required for a personal loan. Generally, a score of 670 and up will put you on the path for a personal loan with competitive rates and terms and a shot at a higher loan amount. However, not every lender may approve you. Some personal loan lenders require scores well into the 700s for consideration.

Personal loans, including credit card consolidation loans, are typically unsecured, meaning you don’t have to put up collateral like your car or savings; instead, lenders evaluate applicants’ ability to repay the loan by looking at multiple criteria. While your credit score plays a major role in whether or not you qualify for a personal loan and at what rate, it’s not the only factor that a lender will consider. Lenders will typically also look at your income and employment history, cash flow, and how much debt you already have.

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Can I Rent an Apartment with a 700 Credit Score?

When you apply for an apartment rental, the landlord will likely run a credit check. This is because landlords want to make sure they are renting to someone who will pay rent on time, is financially responsible, and has a history of successfully managing debt payments. Having a 700 credit score can increase the likelihood you’ll get approved as a renter.

There’s no official credit score needed to rent an apartment. In cities and areas where there’s a huge demand for apartments, however, landlords may opt to rent to someone with a score that falls into the very good or exceptional ranges.

Still, if 700 is your credit score, and you’ve got a good past rental history plus a low DTI, you shouldn’t have too much of a problem.

The Takeaway

Having a credit score of 700 can put you in a good position to get approved for loans and credit cards with competitive interest rates and terms. Your credit score may also stand out to landlords if you’re looking to rent an apartment.

But even though a 700 credit score can open up more doors, it’s still only considered “good” in the eyes of lenders, not “very good” or “exceptional.” Working to improve your credit by always paying your bills on time, paying down credit card balances, and limiting hard credit inquiries can make you more desirable to lenders. It can also save you a significant amount of money in the long run.

Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.