An 828 credit score is considered excellent and is a sign of near-flawless credit management. This means that you have a very low risk of defaulting on your bills, and lenders will be eager to offer you their best deals, including the lowest-available interest rates.
What Does an 828 Credit Score Get You?
With an 828 credit score. you can expect to:
- Qualify for the best credit cards: Many credit cards require good or excellent credit for approval, and an 828 score puts you in a strong position to qualify for the best cards available.
- Get the best interest rates on loans: Lenders will offer you their lowest interest rates on loans, including mortgages, auto loans, and personal loans.
- Save money on insurance: Some insurance companies offer discounts to customers with good credit scores.
- Get approved for apartments and rentals: Landlords are more likely to approve your application if you have a good credit score.
How to Get an 828 Credit Score
If you don’t already have an 828 credit score, there are a few things you can do to improve your credit score:
- Pay your bills on time: This is the most important factor in your credit score. Make sure to pay all of your bills on time, every month.
- Keep your credit utilization low: Your credit utilization ratio is the amount of credit you are using compared to your total available credit. Aim to keep your credit utilization below 30%.
- Check your credit report for errors: Mistakes on your credit report can lower your score. Make sure to check your credit report regularly and dispute any errors you find.
- Become an authorized user on a credit card with good credit: This can help you build your credit history without having to open a new credit card.
Do You Need an 850 Credit Score?
While an 828 credit score is excellent, you may be wondering if it’s worth trying to reach the highest possible credit score of 850. The answer is that it probably isn’t worth the effort.
Here’s why:
- There is no financial benefit to having an 850 credit score: Lenders will offer you the same interest rates and terms whether you have an 828 or an 850 credit score.
- It can be difficult to reach an 850 credit score: It takes time and effort to build a perfect credit history.
- There are other ways to improve your financial situation: Instead of focusing on getting an 850 credit score, you could focus on saving money, investing, or paying down debt.
An 828 credit score is excellent and will give you access to the best financial products and services. However, there is no need to strive for an 850 credit score, as it will not provide any additional financial benefits. Instead, focus on building a strong financial foundation by saving money, investing, and paying down debt.
How to Get an 828 Credit Score
Check out your free personalized credit analysis on WalletHub to see how to join the 800 credit score club if you’re not already. We’ll tell you exactly what you need to change and exactly how to do it.
In most cases, the keys to success are paying your bills on time each month and maintaining your credit utilization below 2010 percent. But you can’t beat a customized credit improvement plan.
What Does an 828 Credit Score Get You?
You are in a good position to be approved for any financial product with an 828 credit score, including the best mortgages, auto loans, and credit cards.
An 828 credit score doesn’t guarantee you approval, however, because your income and existing debt obligations matter, too. But your odds of success are extremely high.
We’ve compiled a list of the most well-liked credit card offers that are accessible to those with an 828 credit score to help you get a sense of the options.
TOP 5 Benefits Of A High Credit Score (Most People Don’t Know About!)
FAQ
How rare is 828 credit score?
Is it possible to have a 900 credit score?
How many people have 825 credit score?
Does anyone have a 850 credit score?
Is 828 a good credit score?
An 828 FICO ® Score is nearly perfect. You still may be able to improve it a bit, but while it may be possible to achieve a higher numeric score, lenders are unlikely to see much difference between your score and those that are closer to 850. Among consumers with FICO ® credit scores of 828, the average utilization rate is 7.7%.
Can you get a mortgage with a credit score of 828?
With an 828 credit score, you should be eligible for the lowest possible mortgage rates. While mortgage rates fluctuate daily, the national average interest rate for someone with a credit score of 828 is 2.36 percent on a 30-year loan (as of April 2021).
What does a 828 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 828 is well above the average credit score of 714. An 828 FICO ® Score is nearly perfect.
What is the average utilization rate for a credit score of 828?
Among consumers with FICO ® credit scores of 828, 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.