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.

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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.

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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.

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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.

💡 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.

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.

By Ashley Kilroy

(Last Updated – 12/2025)

A 730 credit score is considered a good credit score and can help you qualify for loans and credit cards, potentially at favorable interest rates. This score is something you can be proud of, as it likely indicates a history of responsible, reliable borrowing habits, such as paying your loans on time.

In the dynamic landscape of personal finance, your credit score can serve as a pivotal indicator of your financial health. Among the spectrum of credit scores, a score of 730 stands as a significant milestone, above the national average of 716.

Read on for more details about a 730 credit score and what it means to your financial life.

What Does a 730 Credit Score Mean?

A 730 credit score is solidly in the “good” category. In fact, it’s just 10 points away from being in the “very good” range, according to FICO, the most widely used credit scoring model. While you may not receive the very best interest rates and terms available, your credit history demonstrates enough reliability for many lenders to want to work with you.

Here’s how FICO credit score ranges usually align:

•   Poor: 300-579

•   Fair: 580-669

•   Good: 670-739

•   Very Good: 740-799

•   Excellent: 800-850

Getting a 730 FICO Score requires you to practice responsible borrowing. Several aspects of borrowing will help you maintain this score versus having a bad credit score:

•   Pay your bills on time.

•   Keep your credit card balances under 30% of your total borrowing limit (preferably closer to 10%).

•   Keep lines of credit open.

•   Demonstrate reliability with different forms of credit, such as both credit cards and installment loans (such as a mortgage or personal loan).

•   Limit the number of hard credit inquiries from lenders.

What Else Can You Get with a 730 Credit Score?

Your credit score is an essential asset for your financial well-being. Here’s why having a good credit score is important and how it can help you qualify for loans and lines of credit:

•   Favorable approval rates: Lenders are more likely to approve your credit card or loan application when you have a good credit score because it signals that you are a lower-risk borrower.

•   Lower interest rates: Statistically, borrowers with higher credit scores are less likely to default on payments. So, lenders tend to offer more favorable interest rates to borrowers with scores of 730 or higher. Because loans are usually thousands of dollars, even a fraction of a percent can equate to drastic differences in cost.

•   Better loan terms: Having a good credit score may lead to more favorable loan terms, such as reduced fees. For example, your lender might waive or lower origination fees for applicants with scores of 700 or better.

•   Access to more credit options: With a good credit score, you are more likely to qualify for a variety of credit options, including credit cards, personal loans, auto loans, and mortgages.

•   Higher credit limits: Creditors are often willing to extend higher credit limits to individuals with good credit scores, providing you with greater borrowing power.

•   Exclusive offers: Some lenders and financial institutions offer special bonuses, rewards, or exclusive deals to individuals with excellent credit scores.

•   Enhanced housing options: If you are planning to rent a home, your credit score is one way landlords assess your application for an apartment.A 730 FICO Score tells the landlord you’ll probably be a responsible, low-risk tenant.

•   No security deposits: Some utilities (usually cable or satellite TV) require security deposits because of the valuable equipment installed for service. However, a high credit score may qualify you for a waiver for this fee.

Can I Get a Credit Card with a 730 Credit Score?

Card issuers review your credit score as part of your application for a credit card. While the specific requirements can vary among different credit cards and issuers, a credit score of 700 or higher is sufficient to qualify for most credit cards.

As a result, a 730 credit score can help you get a credit card, possibly with some perks, such as lower APRs and more rewards. Remember, establishing a history of on-time payments and creating a diverse credit mix are crucial for boosting your credit score to this level.

Can I Get an Auto Loan with a 730 Credit Score?

Auto lenders usually give borrowers with good credit preferential terms and rates for financing vehicle purchases. Specifically, auto lenders like to see credit scores of 661 to 780 from borrowers seeking competitive rates. So, a 730 FICO Score puts you comfortably in the prime range for a loan with a favorable rate. That said, the value of the car, your down payment, and other factors can also influence whether you’ll qualify for an auto loan.

Recommended: Does Paying Off a Car Loan Help Your Credit Score?

Can I Get a Mortgage with a 730 Credit Score?

You can likely get a mortgage with a 730 credit score if you meet other qualifying criteria for the loan (such as debt-to-income ratio, employment history, etc.).

•   Conventional mortgages usually require a credit score of 620 or higher, while jumbo loans may require a credit score of at least 700.

•   You can typically get an FHA loan with a credit score of 500 by making a 10% down payment.

•   VA loans usually require a credit score of 620.

•   USDA loans typically require a 580 credit score.

Remember, loan standards vary by lender, and your borrower profile should be strong in other areas (such as income) to get the best terms and rates.

Can I Get a Personal Loan with a 730 Credit Score?

You can probably get a personal loan with a 730 credit score. These loans, which you can use to pay off high-interest credit card debt or medical bills, usually are given to those with a score of at least 670.

Remember, you’ll also need sufficient monthly income and a solid debt-to-income ratio to qualify for a personal loan. Because criteria vary among lenders, it’s crucial to shop around to see what kind of offers you get based on your financial profile.

How to Build Your Credit Score

A higher credit score, such as a 730 credit score, boosts your chances to qualify for a loan and receive better terms and rates. Here are steps that can help build your score to that level or even higher:

•   Enhance your credit file: Building your credit file involves establishing a positive credit history by having various types of credit accounts and managing them responsibly. If you have no credit history, you might start with a credit-builder loan or a secured credit card as your first account.

•   Stay current on payments: Timely payments can be crucial for building your credit score. Payment history is a significant factor in credit scoring models. For this reason, you may want to set up reminders or automatic payments to ensure you never miss due dates. Remember, one missed payment can hurt your credit.

•   Address delinquent accounts: Delinquent accounts, or accounts with late payments, damage your credit score the longer they sit on your credit profile. Addressing these accounts involves bringing them current and resolving any outstanding issues. To do so, contact creditors to work out a repayment plan if needed. A credit counselor may also help negotiate favorable payment conditions on your behalf if your situation becomes overwhelming.

•   Apply for new credit sparingly: Each time you apply for a new loan or credit, the lender makes a hard inquiry on your credit report. Every inquiry temporarily lowers your credit score, and too many inquiries within a short period may suggest risky borrowing habits. So, be selective about applying for new credit, and apply for loans or credit cards when you’re confident in your eligibility.

The Takeaway

A credit score of 730 is considered a good score by most lenders and almost in the “very good” credit score range. This score likely reflects well on your responsible use of credit. It can provide access to various loan products with favorable lending terms, including personal loans, which can be used to pay off high-interest debt.

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 Austin Kilham

(Last Updated – 11/2025)

If you’ve got a credit score of 688, that puts you squarely in the “good” range, which is defined as between 670 and 739, according to FICO^®, the most commonly used credit scoring company.

A good score means that as you seek loans or other lines of credit, you will likely have an array of options available to you. That said, you still may not qualify for the best interest rates available.

Here’s a closer look at what a 688 FICO Score could mean for you and your ability to secure different forms of credit.

What Does a 688 Credit Score Mean?

The average credit score in the U.S. is 715. So with a credit score of 688, you are in good shape, but there’s still room for improvement. Credit scores as compiled by the credit bureaus typically range from 300 to 850.

The level of scores above yours would be “very good,” or between 740 and 799. Anything higher (800 to 850) is considered to be in the exceptional credit score range.

Here’s another way of looking at your FICO Score: With a 688 credit score, you are considered a “prime” borrower, which means that lenders typically believe you’re likely to pay your bills responsibly. And that can translate to more lending options.

How Do Lenders Use Your Credit Score?

You can think of your credit score as a numerical representation of your credit history. It takes several factors into account, including length of credit history, whether you pay your bills on time, how much you currently owe, how many different types of accounts you maintain, and whether you’re actively seeking new credit.

When you apply for credit, lenders look closely at your score to determine your creditworthiness.

•   They equate higher scores with less risk, since higher scores suggest an individual has been responsible with their credit in the past.

•   As a result, lenders are more likely to offer borrowers with higher scores a loan and lower interest rates.

•   Lenders typically view borrowers with low scores as more risky. They worry that these individuals may be more likely to default on a loan, failing to pay them off entirely.

•   Because default is costly for the lenders (in terms of time and money), they usually offer individuals with lower scores credit with higher interest rates and fees to offset their risk. This, in turn, makes borrowing more costly.

What Can You Get with a 688 Credit Score?

With a credit score of 688, you may qualify for a wide range of credit and loan products. Here is a closer look at what you may expect.

Can I Get a Credit Card with a 688 Credit Score?

A good credit score of 688 will help you qualify for a credit card. You will likely have a variety of offers to consider, but it’s worth noting that the best ones (say, those with lower interest rates and more credit card rewards) often go to those with a score of 700 or higher.

Use that credit card wisely and you could continue to build your credit score. However, credit cards can put you into tricky financial situations.

•   Credit cards are a form of revolving credit that allow you to carry balance from month to month. They typically charge very high interest rates for this ability — around 24% or higher on average.

•   If you pay your bill off every month, you can avoid interest payments. However, if you fall behind and carry a balance, you’ll owe interest.

•   Credit card interest compounds. If your balance extends for multiple months, you’ll begin to owe interest on the interest you’ve already accrued, causing your debt to grow.

💡 Quick Tip: With low interest rates compared to credit cards, a personal loan for credit card consolidation can substantially lower your payments.

Can I Get an Auto Loan with a 688 Credit Score?

There are no minimum scores for auto loans, but with a score of 688, you’re likely to qualify for one. In fact, prime borrowers received the second-higher number of new auto loans in 2025, with 35.19% of new loans going to them. Compare that to 5.50% for subprime borrowers with lower credit scores.

Prime borrowers also had access to relatively low interest rates in 2025, paying 6.78% in interest on average. That’s quite a bit better than subprime borrowers, who were charged 13.38% on average.

Raising your credit score could help you qualify for lower rates.

Can I Get a Mortgage with a 688 Credit Score?

A credit score of 688 provides several options when it comes to mortgage loans.

•  You may qualify for most conventional loans, which are not guaranteed by the federal government and typically require a credit score of 620 or higher.

•   You may also qualify for government-backed loans, such as Federal Housing Administration (FHA) loans, which typically require a score of 580 with a 3.5% down payment. Those who put 10% down can often qualify with a lower score.

•   If you’ve been in the armed forces, you may qualify for a VA loan offered through the U.S. Department of Veteran Affairs, which also usually requires a credit score of 580 to qualify. Lenders also usually require a credit score of 580 to qualify.

•   For a USDA loan (another government-backed loan), the credit score requirement is usually 620. So, with a 688 FICO Score, you would be in good shape

•   Jumbo loans (which are larger in size than conventional loans) typically require a higher credit score, 700 or above, for access.

Can I Get a Personal Loan with a 688 Credit Score?

A personal loan is a lump sum payment with few restrictions on use that you agree to pay back in monthly installments with interest. Personal loans could be used for credit card consolidation, home renovations, a family vacation, or medical bills.

Borrowers with a credit score of 688 will likely qualify for a personal loan. And personal loans may be cheaper options than other forms of credit. The lowest interest rates on personal loans will usually go to those with the highest credit scores.

The Takeaway

A 688 credit score falls into the “good” range of score. Lenders may offer you a full range of loans (such as car loans, a mortgage, and a personal loan) and lines of credit, such as a credit card. However, you may not get the lowest interest rates and most affordable terms, as those are reserved for borrowers with very good and/or exceptional credit.

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.