The Advantages of a Credit Score of 800

An 800 credit score is a perfect credit score. Despite falling just short of the highest credit score available (850), a credit score of 800 is considered excellent because boosting your score would not save you money on loans, lines of credit, vehicle insurance, or other financial products. According to WalletHub data, membership in the 800+ credit score club is pretty restricted, with fewer than 1 in 6 people scoring that high. Lenders don't split the 800 because so few persons have such high scores.

Individuals with credit ratings of 800 and 850 are equally unlikely to renege on their financial responsibilities. A credit score of 800 or higher suggests that you've been responsibly using loans, credit cards, and other lines of credit for several years, paying your monthly bills on time and maintaining a clean credit report. In addition, according to VantageScore, tax liens and civil judgments appear on the credit records of only 0.1 percent of those with credit scores over 800.

VantageScore, those with a credit score of 800 or higher have credit card limits of $46,700 on average, of which they utilize less than 5%. You'll need a lot of money to pull that off, not to mention temperance. As a result, it should be no surprise that a credit score of 800 or higher entitles you to whatever credit card or loan you desire. Of course, because your income and previous financial commitments are considered, it does not guarantee acceptance. However, it will not prevent you from achieving your goals.

Advantages of a Credit Score of 800 or More

A credit score of 800 entitles you to the best borrowing rates and other benefits, like the ability to choose where you live and work and what automobile you drive. The following is only a sample of the benefits of having impeccable credit.

What Credit Do You Qualify For?

  1. ANY credit card with no annual fee, 0% Financing, Big Initial Bonus, No Foreign Fees from an Airline/Hotel
  2. Best Mortgage Rate
  3. Auto Loan with 0% Intro Rate
  4. Best Personal Loan Rate
  5. Lowest Auto Insurance Premium
  6. An apartment rental

How to Get a Credit Score of 800?

We'll tell you exactly what needs to be changed and how to make those changes. In most circumstances, paying your bills on time each month and maintaining your credit usage below 15% are the keys to success.

Do You Require a Credit Score of 850?

Nothing spectacular will happen if your credit score rises from 800 to 850. Most significantly, you are unlikely to save any more money.

Read more about how to check your credit report for free in our blog.