Once you hit this credit score, ‘there’s no benefit to scoring higher,’ says expert: ‘It’s just bragging rights’

It is mid 700

While having a perfect 850 credit score is impressive, you don’t necessarily need it to unlock the best benefits.

“Typically, once you hit the mid-700s, you’re considered to have excellent credit and there’s no practical benefit to scoring any higher,” says Ted Rossman, Bankrate’s senior industry analyst. “It’s just bragging rights above that threshold.”

The exact number within that mid-700 range varies by lender, but usually a credit score between 740 and 750 will qualify you for the best terms with credit cards and auto loans, Rossman tells CNBC Make It. A 760 will typically get you the best rates on mortgages.

www.cnbc.com/2023/08/14/money-expert-theres-no-benefit-to-scoring-above-this-credit-score.html