Yes, without a doubt! An excellent FICO® score of 826 indicates almost perfect credit management. This implies that you’re in a great position to negotiate the lowest rates on credit cards, loans, and insurance.
Here’s what an 826 FICO® score means for you:
- Access to the best credit cards: With your exceptional credit score, you’ll qualify for the best credit cards with the lowest interest rates, highest rewards, and most exclusive perks.
- Lower interest rates on loans: Whether you’re looking for a mortgage, auto loan, or personal loan, your 826 FICO® score will help you secure the lowest interest rates available, saving you thousands of dollars over the life of the loan.
- Better insurance rates: Some insurance companies offer discounts to customers with excellent credit, so you could save money on your car insurance, homeowners insurance, and other types of insurance.
- Increased approval odds: Lenders are more likely to approve your loan applications when you have a high credit score. This means you’ll have more options to choose from and a better chance of getting the loan you need.
How to maintain your excellent credit score:
- Pay your bills on time: This is the most important factor in your credit score. Make sure you pay all your bills, including credit card bills, utility bills, and rent, on time every month.
- Keep your credit utilization low: Your credit utilization ratio is the amount of credit you’re using compared to your total available credit. Aim to keep your credit utilization below 30%.
- Don’t apply for too much credit: Every time you apply for new credit, a hard inquiry is placed on your credit report. Too many hard inquiries can lower your credit score.
- Monitor your credit report regularly: Check your credit report for errors and dispute any inaccuracies you find. You can get a free credit report from each of the three major credit bureaus once a year at AnnualCreditReport.com.
Additional resources:
- Credit Karma: Credit Karma provides free credit scores and reports, as well as personalized tips on how to improve your credit score.
- WalletHub: WalletHub offers a variety of credit score resources, including credit score simulators, credit analysis tools, and educational articles.
- Experian: Experian is one of the three major credit bureaus. You can get your free credit report from Experian at Experian.com.
By following these tips and maintaining your excellent credit score, you can continue to enjoy the benefits of having near-perfect credit.
Here are some additional benefits of having an 826 FICO® score:
- You may be eligible for lower down payments on mortgages.
- You may be able to get a higher credit limit on your credit cards.
- You may be able to qualify for exclusive rewards programs and benefits from lenders and credit card companies.
If you’re not yet at an 826 FICO® score, don’t worry! There are steps you can take to improve your credit score.
- Pay down your credit card debt.
- Become an authorized user on a credit card with good credit history.
- Dispute any errors on your credit report.
- Keep your credit accounts open and active.
You can raise your credit score and take advantage of having great credit by following these steps.
Compare offers to find the best loan
Despite the common misconception, checking your credit report wont hurt your credit score. Many banks and credit card issuers will provide customers with their current FICO score for free.
Experian CreditWorks is a paid credit-monitoring service that includes your FICO score, as well as identity protection and credit reports from Experian, Equifax and TransUnion.
If youre looking to raise your score, an easy way to do it quickly is with *Experian Boost™. This free service links monthly bills for things like cell phone, gas and streaming services to your Experian credit report and gives you credit for on-time payments. According to Experian, members whose scores improved saw an average increase of 13 points.
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Cost
Free
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Average credit score increase
13 points, though results vary
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Credit report affected
Experian®
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Credit scoring model used
FICO® Score
Results will vary. See website for details.
How to sign up for Experian Boost:
- Connect the bank account(s) you use to pay your bills
- Select and confirm the payment information you wish to have added to your Experian credit report.
- Receive an updated FICO® Score
Learn more about eligible payments and how Experian Boost works.
What’s the best credit score to have?
It might be exciting to aim for 850, the highest possible FICO score, but it really comes with no additional benefits. According to credit expert John Ulzheimer, a 760 will get you the best mortgage rate and a 720 score is all you need for the best interest rate for an auto loan.
“I always tell people, shoot for 760 or better,” Ulzheimer told CNBC Select. “That way, theyre safe for all loan types and cards. “.
Even FICO says not to stress about perfection
“From the standpoint of qualifying for credit, it doesnt matter whether you have a perfect 850 or a score just below that,” said Ethan Dornhelm, VP of FICO Scores and predictive analytics. “To lenders, a consumer with a score in the 800s is a sparkling applicant.”
This Is What Your FICO Score REALLY Means
FAQ
What can I do with an 826 credit score?
How rare is an 825 credit score?
What is an acceptable FICO score?
Does anyone have an 850 credit score?
Is 826 a good credit score?
Credit Rating: 826 is an excellent credit score, which is even better than a good score. You can even classify an 826 credit score as being perfect. Borrowing Options: All borrowing options are available, and the terms are likely to be very attractive. For example, you should be able to qualify for the best credit cards and the best personal loans.
What does a 826 FICO score mean?
21% of all consumers have FICO ® Scores in the Exceptional range. Less than 1% of consumers with Exceptional FICO ® Scores are likely to become seriously delinquent in the future. A FICO ® Score of 826 is well above the average credit score of 714. An 826 FICO ® Score is nearly perfect.
What is the average utilization rate for a credit score of 826?
Among consumers with FICO ® credit scores of 826, the average utilization rate is 7.7%. The best way to determine how to improve your credit score is to check your FICO ® Score. Along with your score, you’ll receive a report that uses specific information in your credit report that indicates why your score isn’t even higher.
Can you get a car loan with a 826 credit score?
You should have no issues getting an auto loan with an 826 score. Again, you should qualify for the best interest rates they have to offer. However, remember that other factors are taken into account, so even with an excellent credit score, it’s not a guarantee that you’ll be approved for a loan. See also: 10 Best Auto Loans for Good Credit