A FICO® Score of 800 is well above the average credit score of 704. It’s nearly as good as credit scores can get, but you still may be able to improve it a bit. Among consumers with FICO® credit scores of 800, the average utilization rate is 11.5%.

How rare is a 800 credit score?

about 1 in 6
According to LendingTree, those with 800+ credit scores don’t miss payments and use only a small portion of their credit limits each month. Only about 1 in 6 American consumers has a FICO credit score of 800 or higher.

Is a 794 FICO score good?

A 794 credit score is Very Good, but it can be even better. If you can elevate your score into the Exceptional range (800-850), you could become eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

What does a FICO credit score of 800 mean?

When it comes to the FICO ® Score 8, the most widely used credit score in the country, a score of 800 (or higher) signifies excellence. In FICO terms, a score of 800 or above is “Exceptional” and way above the national average. Borrowers in this range will most likely not have a problem getting credit.

What’s the average utilization rate for a credit score of 800?

Among consumers with FICO ® credit scores of 800, the average utilization rate is 11.5%. The best way to determine how to improve your credit score is to check your FICO ® Score. Along with your score, you’ll receive a report that uses specific information in your credit report that indicates why your score isn’t even higher.

What should my FICO score be for good credit?

FICO credit scores range from 350 to 850 — here’s how those scores break down: 1 Poor credit: 350 to 559 2 Fair credit: 580 to 669 3 Good credit: 670 to 739 4 Very good credit: 740 to 799 5 Exceptional credit: 800 and above

What can you do with an 800 plus credit score?

With an 800-plus credit score, you might qualify for perks such as access to airport lounges (great if you have a long layover), free breakfast in hotels, and the ability to earn cash back and airline miles at a faster rate—for example, one-and-a-half miles per dollar spent instead of the standard one mile per dollar.