To get a 750 credit score, you need to pay all bills on time, have an open credit card account that’s in good standing, and maintain low credit utilization for months or years, depending on the starting point. The key to reaching a 750 credit score is adding lots of positive information to your credit reports.
To start, check your current credit score for free in order to determine how much improvement is necessary to reach 750. Once you know your credit score, you’ll have a baseline from which you can measure progress. Next, just follow the steps below to boost your score up to 750. And remember, working to build a 750 credit score is well worth it for the money you could save in the long run.
How to Get a 750 Credit Score in 5 Steps
1. Become an authorized user
Becoming an authorized user on someone else’s credit card account is a great way to build credit when you don’t want too much responsibility or you’re having trouble qualifying for your own credit card. It can boost credit-building efforts even if you have your own account, too.
2. Apply for the right credit card
Using a credit card responsibly is one of the most efficient ways to build credit. The best credit cards for building credit tend to have low annual fees and easy-to-meet approval requirements, but the card you should pick depends on your creditworthiness and spending habits.
WalletHub’s guide to picking the right credit card has a lot of helpful pointers, and you can also get recommendations from WalletHub’s free CardAdvisor.
3. Make small purchases and pay them off each month
The credit utilization ratio that will best improve your credit score is between 1% and 10%. Utilization of 0% is next in line. In other words, you’ll see much quicker improvement in your credit score if you use 10% of your credit limit or less.
4. Give it some time
The only age group that comes close to averaging a 750 credit score (they are just shy with an average of 749) is 60+ years old. As you might imagine, the younger the age group, the lower the average credit score.
This may be due in part to the fact that increased income can allow for higher credit limits and less credit utilization, which can lead to a better score. But it also suggests that building credit takes time and patience, as you need to establish a track record of financial responsibility. In fact, reaching an excellent credit score of 750+ generally takes 5 or more years.
5. Track your progress and reach your goal with WalletHub
After using WalletHub to check your credit score for free, consult your Credit Analysis page to get customized advice on how to improve your credit score to 750 (and then take it even higher). You’ll get an estimate of how long it will take, too.
This answer was first published on 12/01/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
Of course, you'll also need to pay all your bills on time every month and otherwise manage your finances responsibly if you want to maintain your 750 credit score, let alone improve it. You can track your progress for free on WalletHub, the only site with free credit scores and reports that are updated everyday.
How to get a 750 credit score fast? ›
4 tips to boost your credit score fast
- Pay down your revolving credit balances. If you have the funds to pay more than your minimum payment each month, you should do so. ...
- Increase your credit limit. ...
- Check your credit report for errors. ...
- Ask to have negative entries that are paid off removed from your credit report.
Of course, you'll also need to pay all your bills on time every month and otherwise manage your finances responsibly if you want to maintain your 750 credit score, let alone improve it. You can track your progress for free on WalletHub, the only site with free credit scores and reports that are updated everyday.
How to raise your credit score 200 points in 30 days? ›
How to Raise your Credit Score by 200 Points in 30 Days?
- Be a Responsible Payer. ...
- Limit your Loan and Credit Card Applications. ...
- Lower your Credit Utilisation Rate. ...
- Raise Dispute for Inaccuracies in your Credit Report. ...
- Do not Close Old Accounts.
Steps you can take to raise your credit score quickly include:
- Lower your credit utilization rate.
- Ask for late payment forgiveness.
- Dispute inaccurate information on your credit reports.
- Add utility and phone payments to your credit report.
- Check and understand your credit score.
- The bottom line about building credit fast.
Roughly 48% of Americans had a score of 750 or above as of April 2023, according to credit scoring company FICO.
How to boost credit score overnight? ›
5 Ways to Boost Your Credit Score Overnight
- Review Your Credit Reports and Dispute Errors.
- Pay Bills On Time.
- Report Positive Payment History Like Utilities to Credit Bureaus.
- Keep Old Accounts Open.
- Keep Your Credit Balances Under 30%
You'll typically need a credit score of 620 to finance a home purchase. However, some lenders may offer mortgage loans to borrowers with scores as low as 500. Whether you qualify for a specific loan type also depends on personal factors like your debt-to-income ratio (DTI), loan-to-value ratio (LTV) and income.
How to raise FICO score fast? ›
Steps to improve your FICO Score
- Check your credit report for errors. Carefully review your credit report from all three credit reporting agencies for any incorrect information. ...
- Pay bills on time. ...
- Reduce the amount of debt you owe.
Average FICO 8 score by age
| Age group | Average FICO 8 score |
|---|
| 30-39 | 692 |
| 40-49 | 706 |
| 50-59 | 724 |
| 60+ | 753 |
1 more rowMar 7, 2024
How to improve your credit score
- Check your credit report for errors. ...
- Prioritize paying on time. ...
- Work to pay down your debts. ...
- Become an authorized user. ...
- Request a credit line increase. ...
- Handle debt in collections. ...
- Consider opening a secured card. ...
- Get credit for other payments.
There is no set maximum amount that your credit score can increase by in one month. It all depends on your unique situation and the specific actions you're taking to improve your credit. Realistically, you probably won't see your credit score increase by more than 10 points in a month.
What credit score is needed to buy a car? ›
The credit score required and other eligibility factors for buying a car vary by lender and loan terms. Still, you typically need a good credit score of 661 or higher to qualify for an auto loan. About 69% of retail vehicle financing is for borrowers with credit scores of 661 or higher, according to Experian.
How fast does credit score go up after paying off a credit card? ›
How long after paying off debt will my credit scores change? The three nationwide CRAs generally receive new information from your creditors and lenders every 30 to 45 days. If you've recently paid off a debt, it may take more than a month to see any changes in your credit scores.
How long does it take to get from 650 to 750 credit score? ›
Generally, it takes around 4-12 months to reach the point where you can apply for a loan. It will take a few months to get to 750 if your score is currently somewhere between 650 and 700.
How do I add utility bills to my credit report? ›
Utility companies typically don't report your payment history to the credit bureaus. But paying utility bills on time can help your credit score when you use Experian Boost. This tool specifically integrates gas, electric, water and other utility payments into your Experian credit report and scores.
How long does it take to build your credit to 750? ›
Starting with zero credit history, you can establish credit in as little as six months. Achieving a "good" credit score of 700 or better usually requires making timely payments for at least 18 months to two years, but it's possible to find shortcuts.
Does a 750 vs 800 credit score matter? ›
A 750 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.
How to get an 800 credit score? ›
Making on-time payments to creditors, keeping your credit utilization low, having a long credit history, maintaining a good mix of credit types, and occasionally applying for new credit lines are the factors that can get you into the 800 credit score club.
How long does it take to get 800 credit score from 700? ›
The amount of time it takes to go from a 700 to 800 credit score could be as little as a few months to several years. While your financial habits and credit history will play a role in how long it takes, there are some factors that have specific timelines.
