A FICO® Score of 850 is well above the average credit score of 704. An 850 FICO® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850.

How far can your credit score go up to?

The highest credit score you can have on the most widely used scales is an 850. For common versions of FICO and VantageScore, the scale ranges from 300 to 850 and lenders typically consider anything above 720 excellent credit.

Can your credit score go over 800?

Having a credit score over 800 isn’t just good—according to the FICO credit scoring system, it’s exceptional. Although both the FICO and VantageScore credit scoring systems go all the way up to 850, you actually don’t need to hit 850 to reap the same benefits as those with a perfect credit score.

What should my credit score be right now?

Depending on the scoring model, scores typically range from 300 to 850 and are further broken into different ranges, with scores between 580 and 669 typically considered fair.

How much will my credit score go down by applying for a?

If you open a new card it will lower your average account age (which makes up 10% of your score) but it will also lower your utilization ratio (which makes up to 35% of your score)….so as long as you choose the card wisely and get approved, the overall impact should be that your score will go up, possibly by quite a few points.

How long does a credit card stay on your credit report?

Cancelled credit cards will remain on your credit report 10 years after they’re closed, assuming they’re in good standing. If they’re not in good standing, or are charged off, they’ll be removed after 7 years. Cancelled credit cards in good standing will be on your credit report with a zero balance and will not affect you negatively.

How long does it take for FICO score to go down?

There have been some good answers provided here, but I do want to note that while FICO scores MAY go down because of a credit application, they do not always necessarily go down, especially if you have had relatively few inquiries over a period of time (say 6 months to a year).