In summary, obtaining a very good or excellent score can lead to access to some of the best deals and prices available. Excellent credit scores typically indicate you have a good chance of being approved for loans and other credit products with favorable terms, though lenders take a number of factors into account when evaluating a credit or loan application. Editorial Note: Intuit Credit Karma receives compensation from third-party advertisers, but that doesn’t affect.
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Congratulations! Your 839 FICO® Score is nearly perfect and will be seen as a sign of near-flawless credit management Your likelihood of defaulting on your bills will be considered extremely low, and you can expect lenders to offer you their best deals, including the lowest-available interest rates
What does this mean 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 839 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.
How to get an 839 credit score
There is no precise formula to obtain the ideal credit score, so you might be wondering how to get there.
When it comes to building excellent credit overall, there are generally five factors that make up the scoring.
- Payment history
- Credit usage
- Length of credit history
- Credit mix
- New credit
Combining them all: A person with excellent credit should be able to show a sizable track record of timely payments across a range of credit categories without accruing a sizable amount of credit card debt.
Here are some pointers to remember as you move forward with your credit journey, regardless of whether you’re happy with your present score or hoping to get into the 800 club.
- Set up autopay. Even the most savvy people occasionally forget deadlines, particularly when managing multiple credit cards. (I know I have!) However, just one late payment can cause your credit scores to plummet. For this reason, we advise setting up autopay on all of your bills.
- Pay early. The statement balance at the conclusion of the billing cycle is usually what is reported to the credit bureaus, even if you pay your credit card bill in full by the billing due date. This could result in unexpected fluctuations in your credit utilization ratio, which could lower your scores. We advise manually paying your entire account balance before the end of your billing cycle to avoid this and ensure that it is recorded as $0 If you haven’t been, you may observe a notable increase in your credit scores as soon as you begin.
- Don’t worry about adding a loan to your credit mix. It’s possible that you’ve heard that lenders prefer that you handle both installment loans and revolving credit. Even though it’s good to demonstrate that you can manage different credit kinds, it doesn’t make sense to apply for a loan you don’t need and then pay interest on it in order to raise your credit mix. Let it happen naturally over time.
- However, don’t be scared to occasionally apply for new credit cards. At first, the challenging question might make your scores slightly worse. However, over time, obtaining a new credit card may help you have more available credit, which may reduce your credit utilization ratio. Additionally, the longer you keep it open, the more it might contribute to the extension of your credit history. Speaking of that ….
- Just because you aren’t using your old credit cards doesn’t mean you should close them. You can lengthen your credit history by keeping your previous credit cards open. Of course, there are always exceptions to the rule, so before determining whether to close your old card or keep it open if it has a high annual fee, consider the benefits and how much it will affect your credit.
See how your length of credit history compares among people from different generations.
Percentage of generation with 750–850 credit scores
| Generation | Percentage |
|---|---|
| Gen Z | 15.4% |
| Millennial | 24.4% |
| Gen X | 26.1% |
| Baby boomer | 44.1% |
| Silent | 58.7% |
“Excellent” score range identified based on 2023 Credit Karma data.
This Is What Your FICO Score REALLY Means
FAQ
What percentage of people have a FICO score over 800?
How rare is an 850 FICO score?
What is considered an excellent FICO score?
|
FICO Credit Score Ranges
|
|
|
Excellent/Exceptional
|
800-850
|
|
Very good
|
740-799
|
|
Good
|
670-739
|
|
Fair
|
580-669
|
Does anyone have a 900 credit score?
What is an 839 credit score?
The FICO score range, which ranges from 300 to 850, is widely used by lenders and financial institutions as a measure of creditworthiness. As you can see below, an 839 credit score is considered Exceptional. Borrowers with credit scores in the Exceptional range tend to be the most appealing to lenders.
What is the average utilization rate for a credit score of 839?
Among consumers with FICO®credit scores of 839, the average utilization rate is 5.8%. 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.
What is a good FICO credit score?
FICO’s credit-scoring models use either a range of 300 to 850 or a range of 250 to 900, but in either case higher credit scores can indicate that you may be less risky to lenders, credit card issuers and other types of lenders.
Is FICO 8 a good credit score?
FICO 8 is still the most widely used credit score today. If you apply for a credit card or personal loan, odds are that the lender will check your FICO 8 score. FICO 8 is unique in its treatment of factors such as credit utilization, late payments, and small-balance collection accounts. Here are some key things to note about FICO 8: