By Laurel Tincher

(Last Updated – 03/2024)

A credit score of 678 is typically considered to be in the good range, though closer to the lower end than the higher.

Your credit score plays an important role in your financial life since it’s a snapshot of your creditworthiness. Those three digits can be a key factor when you apply for loans, mortgages, credit cards, and other forms of financing. A good score can open doors for you, but it may not get you the best offers available.

Here, you’ll take a closer look at what a 678 credit score means and how it can impact your borrowing options.

What Does a 678 Credit Score Mean?

A 678 credit score is typically considered to be good, but it’s nudging towards the lower end of that range.

Credit scores range from 300 to 850, with 300 being the lowest number. The most popular credit scoring system is FICO^®, and here’s a look at their score ranges:

•   Poor: 300 – 579

•   Fair: 580 – 669

•   Good: 670 – 739

•   Very Good: 740 – 799

•   Excellent: 800 – 850

So, is a 678 a good credit score? Most definitely, according to the FICO scoring system. People with a credit score of 678 are seen by lenders as moderate credit risks, which indicates that they are handling their debt well. This score points to a history of good credit management, prompt payments, and a manageable debt load.

For these reasons, people with a credit score of 678 may qualify for a variety of credit products, including personal loans, auto loans, and credit cards. But there is room for improvement. If you build your credit score higher, you might qualify for lower interest rates and better terms when opening a line of credit or securing a loan.

💡 Quick Tip: Some personal loan lenders can release your funds as quickly as the same day your loan is approved.

What Else Can You Get with a 678 Credit Score?

A credit score of 678 is typically high enough to qualify for credit cards with fair terms, which can help you establish a good credit history. People with a 678 credit score can often take advantage of various benefits and rewards programs offered by credit card issuers, such as cash back, travel perks, and other incentives.

It’s also likely you will qualify for a home loan, personal loan, and car loan with favorable (though perhaps not optimal) terms.

Can I Get a Credit Card with a 678 Credit Score?

It is absolutely possible to get a credit card with a 678 credit score. A credit score of 678 places you in the good credit range, typically qualifying you for a line of credit with credit card companies.

Of the many credit card options available, it’s possible that the terms you’re offered might not be as good as those for people with excellent credit. For example, a number of issuers provide credit cards with rewards for those with a 678 credit score. However, people with higher scores might qualify for those offers with the very best cash back incentives, loyalty programs, and the most favorable interest rates.

When shopping for a new card, be sure to evaluate the details, including the credit limit, annual fees (if any), and other specifics. That can help ensure you get the best overall deal possible.

Getting a credit card with a 678 credit score not only enables people to pay for their daily needs, but it also gives them a chance to show that they manage their credit responsibly. That in turn can help you maintain your credit score or build it.

Can I Get an Auto Loan with a 678 Credit Score?

It is indeed possible to get an auto loan with a credit score of 678. According to Experian, applicants typically need a credit score of 661 or higher to be approved for a car loan.

That said, you may have more options if you build your score a bit. Research indicates that the average credit score for a used-car loan was 690 and 735 for a new-car loan. A credit score in those ranges could unlock more offers or better terms.

Recommended: What Is an Installment Loan?

Can I Get a Mortgage with a 678 Credit Score?

It is possible to get a mortgage with a credit score of 678, but you may not get as favorable rates and terms as someone with a score in the 700s or higher.

For a conventional mortgage, you may be approved with a credit score of 620 and higher. However, those with a 740 score or higher are likely to qualify for better terms.

Government-backed home loans are also available and can be good options for people with lower credit scores. For example, FHA loans may be secured with a credit score as low as 500, though most require 580 or higher.

Recommended: Personal Loan Terms to Know Before Applying

Can I Get a Personal Loan with a 678 Credit Score?

Generally, it is possible to get a personal loan with a 678 credit score. In fact, there are lenders who offer this kind of loan for individuals with credit scores of 610 or 640 and up.

For the most favorable terms though (say, the lowest annual percentage rate), you may need a score of 680 or 690. Since a 678 credit score is so close to those numbers, you might want to work on building your score before securing a loan.

Ways to do that can include paying on time without fail, keeping your credit card balances at less than 30% of your limit, and also reviewing your credit report to check for (and resolve) any incorrect information.

In addition, other factors may play a role in the terms you are offered, such as income and employment stability. Once the loan is secured, you can use it in a variety of ways, from credit card debt consolidation to funding a vacation or wedding.

Takeaway

Is a 678 credit score good? Yes, it does put you in that range, though towards the lower end. It reflects that you have probably been managing your credit responsibly and are therefore creditworthy. However, you may not qualify for the most favorable terms for loans and lines of credit, which are typically reserved for those with a credit score in the 700s or higher.

It can be a wise move to shop around and see what offers you’re eligible for. Some lenders focus on those with good credit scores versus those with excellent ones and may have terms that suit your needs.

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 Laurel Tincher

(Last Updated – 03/2024)

A 675 credit score is considered a good score, but it’s at the very low end of that range. This score can definitely be high enough to open some doors for you financially speaking, but it may not be high enough to get the most favorable terms for, say, a mortgage or car loan.

Read on to learn more about the answer to “Is 675 a good credit score?” and learn how to build that important three-digit number.

What Does a 675 Credit Score Mean?

A FICO^® or other credit score of 675 falls into the low end of the good credit range, which typically runs from 670 to 739. Despite not fitting into the excellent or upper reaches of the good categories, a score of 675 indicates a responsible credit history.

Credit score ranges are used by lenders to evaluate the risk involved in giving credit to a particular person; a score of 675 indicates that the applicant has exhibited a moderate degree of creditworthiness. This may indicate a track record of:

•   On-time debt payments

•   A manageable debt-to-income ratio

•   Overall healthy financial standing

It’s important to remember that a credit score of 675 can be built. When applying for loans or credit cards, those in the 675 range can pay a little bit more in interest than people with higher scores. If you had a higher credit score, you might be offered a lower annual percentage rate, or APR.

Gaining a better understanding of the factors that impact credit scores (and making a concerted effort to build yours) can lead to better terms and financial prospects.

💡 Quick Tip: Before choosing a personal loan, ask about the lender’s fees: origination, prepayment, late fees, etc. One question can save you many dollars.

What Else Can You Get with a 675 Credit Score?

People with a credit score of 675 can qualify for a range of financial products, though there might be some restrictions. Even if they are eligible for credit cards, their interest rates and benefits might not be as good as those offered to those with better credit scores. For large expenditures like a home or car, lenders may grant loans, but the interest rates may be on the higher end.

Reducing outstanding debt, avoiding late payments or defaults, and making consistent, on-time payments are all critical steps that can build one’s score. People who work to keep or build their credit score put themselves in a better position to access a wider variety of financial products with better terms and conditions.

Can I Get a Credit Card with a 675 Credit Score?

It is possible to get a credit card with a 675 credit score. You may have several solid options to choose among. However, there are rewards if you build your score even higher, such as possibly a lower APR and/or fees or access to enhanced rewards.

By using a credit card responsibly, you can work to build your score. It’s worth noting that the single biggest contributing factor to your score is your credit history, meaning on-time payments. Set up payment alerts or opt into automatic payments to help ensure that you pay your bill on time, every time.

💡 Quick Tip: Generally, the larger the personal loan, the bigger the risk for the lender — and the higher the interest rate. So one way to lower your interest rate is to try downsizing your loan amount.

Can I Get an Auto Loan with a 675 Credit Score?

You can get an auto loan with a credit score of 675, but the terms and interest rates might not be as good as what is available to people with higher credit scores. You will find that offers may well vary from lender to lender.

Worth noting: 675 was found to be the lower credit-score limit among those who get a used car loan. Those buying a new car typically have a score of 730 or above.

That said, those with a credit score of 675 should shop around. You may find that if you can make a higher down payment, you could be rewarded with terms you find more affordable.

Recommended: Why Your Debt-to-Income Ratio Matters

Can I Get a Mortgage with a 675 Credit Score?

With a credit score of 675, you will likely be approved by a mortgage lender with what’s considered a good interest rate (but possibly not the best, which are reserved for those with high scores, such as 740 and above).

In order to improve their chances of getting approved for a mortgage with more favorable terms, you may want to think about other aspects that lenders take into account, like:

•   A steady job history with a reliable income

•   A larger down payment.

Also, know that if your credit score is below 675, there are still options to be found:

•   You may be able to find a conventional loan with a score of 620 or higher.

•   You may qualify for a FHA loan with a credit score of 500 or higher.

•   You may qualify for a VA or USDA loan with a credit score of 640 or higher.

Can I Get a Personal Loan with a 675 Credit Score?

With a credit score of 675, you can usually qualify for a personal loan. Which can be good news, since personal loans can be used in a variety of ways, such as debt consolidation, home renovations, or medical bills.

However, you may find that not all lenders approve you; some prefer prospective borrowers to have credit scores in the 700s. Those that do offer you a loan may not have the best terms (such as the lower APRs).

In other words, it’s in your best interests to shop around and see what offers are available. It can also help to follow the steps mentioned above to build your score, such as always paying bills on time, keeping your amounts owed low (under 30% of your credit limit), and not applying for too much new credit at the same time.

Recommended: Can You Refinance a Personal Loan?

Takeaway

Is a 675 credit score good? Yes. A FICO score of 675, which is at the lower end of the good range, is typically high enough to qualify for loans and mortgages. However, you may have to pay a little bit more in interest and have less favorable terms than people with better scores. You also may benefit from building your score a bit higher before applying for a loan. You might qualify with more lenders and for 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 Marcy Lovitch

(Last Updated – 03/2024)

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:

•   300 to 579: Poor

•   580 to 669: Fair

•   670 to 739: Good

•   740 to 799: Very Good

•   800 and above: Exceptional

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, which is likely attainable.

💡 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’re also 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 fourth-quarter 2023 report from Experian, more than 68% 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 7% for a new car loan and 9.73% for a used-car loan. 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 5.64% for a new car and 7.66% for a used car.

Dealers will often feature special lease offers and cash rebates for new cars, and a credit score of 722 will 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 absolutely get a mortgage. More than 40% of first mortgage loans go to those with a credit score under 740. 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 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.

While there’s no official credit score needed to rent an apartment, the average credit score for renters in the U.S. is 638, according to research by Rent Cafe. In cities and areas where the competition for rentals is stiff, however, 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 – 03/2024)

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 is considered “good.” Although the majority of lenders use FICO scores, some opt to use their own credit scoring models or VantageScore, a FICO competitor. 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 33% 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 718. 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, so 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 however, 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).

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 fourth-quarter 2023 report from Experian, more than 68% 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 7% for a new car and 9.73% for a used car. For borrowers with credit scores between 781 and 850, on the other hand, the average interest rate for a car loan is 5.64% for a new car and 7.66% 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 play a role in 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?

More than 40% of first mortgage loans go to borrowers with a credit score under 740. 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?

While there’s no universal minimum credit score requirements for personal loans, 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 than a borrower with fair or poor credit. However, not every lender may approve you. Some personal loan lenders require scores well into the 700s for consideration.

Personal 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.

💡 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 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.

Although there’s no official credit score needed to rent an apartment, the average credit score for U.S. renters is 650. 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.

By Jackie Lam

(Last Updated – 03/2024)

If you have a credit score of 660, you are landing in the fair credit range. While it’s higher than what is categorized as a poor credit score, having a fair credit score could limit your financing options or cause you to pay higher interest rates.

That said, you can get approved for credit cards and loans with a 660 credit score. Learn more about what this score equates to and what kind of financing you can scoop up by being a member of the 660 credit-score club.

What Does a 660 Credit Score Mean?

The two most popular consumer credit companies are FICO^® and VantageScore^®. However, lenders use FICO more widely, with most — 90% to be exact — using FICO Scores. To simplify matters, this article focuses solely on FICO scoring models.

When it comes to credit score ranges, you can have a score that’s anywhere between 300 to 850. A 300 credit score is your lowest score, while an 850 is the highest. Let’s take a closer look at these FICO Score ranges:

•   Poor: 300-579

•   Fair: 580-669

•   Good: 670-739

•   Very Good: 740-799

•   Excellent: 800-850

So, a 660 score is considered a fair credit score. However, it’s close to a credit score in the good range. For context: in 2023, the average credit score for the U.S. consumer was 715, which puts most American consumers squarely in the good zone.

💡 Quick Tip: Before choosing a personal loan, ask about the lender’s fees: origination, prepayment, late fees, etc. SoFi personal loans come with no-fee options, and no surprises.

What Else Can You Get with a 660 Credit Score?

Is a 660 credit score good? Not quite. You need a 670 to qualify for that designation. A 660 credit score, however, can likely get you approved for many things: credit cards, auto loans, and mortgages, to name a few. Note that, depending on the lender and their requirements, you may qualify for a personal loan as well.

You’ll learn about getting approved for these different forms of credit and loans in a bit. But to reiterate an important point first: While there are overall ranges for minimum credit requirements for different types of financing, the specifics hinge on the lender. Each lender will have varying credit and financial requirements, and they might weigh each factor differently.

Some factors include:

•  Employment history

•   Income

•   Assets

•   Debt level

•   Whether you’re applying with a co-borrower or cosigner

Recommended: FICO Score vs. Credit Score: What’s the Difference?

Can I Get a Credit Card with a 660 Credit Score?

You can certainly get approved with a 660 score; it’s above the minimum score for a credit card. However, cards with more favorable interest rates, premium rewards, and travel perks are typically reserved for those with higher credit scores.

You most likely won’t be approved for a card with a zero-percent introductory rate, as those cards are reserved for those with a 670 credit score or higher (aka good or excellent credit).

Along the same lines, you likely won’t be approved for a balance transfer card. That’s because you usually need a minimum credit score of 670 or higher.

To secure a card with lower interest rates, perks, zero-percent intro rates, or balance transfer cards, you might want to work on building your credit first. If you have a 660 credit score, you only need to build it by 10 points to be in the “good credit” range.

Can I Get an Auto Loan With a 660 Credit Score?

You can certainly get an auto loan with that credit score. Interestingly enough, many lenders might require you to have a credit score of 661 to snag lower interest rates and flexible terms on a car loan.

If you’re teetering on the threshold of that minimum 661+ credit score, work to build your credit. For instance, always make on-time payments, have a healthy mix of credit, and don’t apply for credit unnecessarily. Plus, keep your credit lines open to build your length of credit history.

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

Can I Get a Mortgage with a 660 Credit Score?

Having a 660 credit score means you can qualify for a mortgage. The minimum credit score requirements for government-backed mortgages are as follows:

•   FHA loan: 580 credit score with a 3.5% minimum down payment.

•   USDA loan: The USDA doesn’t have a minimum credit score requirement. However, partnering lenders might require a minimum score of 640.

•   VA loan: No minimum credit score, but typically needs at least a 640 score.

Conventional loans, however, usually require a minimum score of 670 or higher to land the best interest rates and terms. Conventional loans are the most common type of mortgage. So, it’s a good idea to do what you can to build your credit score by a few points.

Can I Get a Personal Loan with a 660 Credit Score?

Getting a personal loan as a member of the 660 credit-score club can be a bit trickier than getting approval for a credit card or car loan. Lenders generally have a minimum credit score of 670. If credit is extended to you, there’s a good chance you will pay a higher interest rate as you’re deemed less creditworthy and, in turn, more risky.

While most personal loans are unsecured, which means you don’t have to offer collateral, secured personal loans do exist. When you offer collateral, the minimum credit score could be lower than for unsecured personal loans.

Recommended: Can I Pay Off a Personal Loan Early?

The Takeaway

Is 660 a good credit score? Technically, a 660 credit score is considered a fair credit score and may qualify you for loans. However, you’d likely net lower interest rates and better terms on credit cards and loans with a higher score.

You’re quite close to entering the threshold for good credit, which is 670. If you aren’t in a rush, building your credit can help you save money and have an easier time getting approved for financing in the near 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.