Credit Score Ranges Explained: What Each Level Means

Credit scores in the USA range from 300 to 850. Where you fall in that range determines what financial products you can access and how much you will pay for them.

The Five FICO Score Ranges

300–579: Poor

• You have serious credit problems or very limited history.
• Most traditional lenders will deny you.
• Very high interest if approved.
• Secured cards or subprime cards only.
• How to improve: Pay on time, reduce debt, dispute errors, consider a secured card.

580–669: Fair

• You have some credit issues but are not in crisis.
• Possible with FHA loans or credit unions.
• Higher than average interest.
• You qualify for some basic cards.
• How to improve: Lower utilization, avoid new applications, make every payment on time.

670–739: Good

• You are a reliable borrower.
• Most lenders approve you.
• Average to good rates.
• Most reward cards available.
• How to improve: Keep doing what you are doing. Lower utilization, avoid missed payments.

740–799: Very Good

• You have a strong credit history.
• Easy approval at most lenders.
• Below average rates.
• Premium cards with strong rewards.
• How to improve: Maintain low balances and long account history.

800–850: Excellent

• You are in the top tier of borrowers.
• Instant approval, best terms.
• The lowest rates available.
• Elite cards with the best perks.
• How to improve: You are already there. Keep monitoring for errors.

How Much Money Your Score Costs You

On a $300,000 30-year mortgage:

Score Range	Approx. Rate	Monthly Payment	Total Interest
620–639	8.5%	$2,306	$530,160
640–659	8.0%	$2,201	$492,360
660–679	7.5%	$2,098	$455,280
680–699	7.25%	$2,047	$436,920
700–759	7.0%	$1,996	$418,560
760–850	6.75%	$1,946	$400,560

Rates are examples and change with the market. Check current rates before applying.

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