GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
Below, experts weigh in on the minimum credit score it’s crucial that you have in your life.
This score typically allows you to qualify for favorable interest rates and terms, he explained.
On the other hand, a lower score may result in higher interest rates, increasing your overall cost.
Generally, a credit score above 700 is considered good, while a score above 800 is considered excellent.
Moreover, he said thatcredit card issuersoffer their best rewards and perks to individuals with credit scores above 750.
To illustrate the importance of a strong credit score, consider this personal example, he said.
More From GOBankingRates
Share This Article:
The Latest inCredit
