Having a good credit score is essential for getting approved for loans, credit cards, and other financial products. A good credit score is generally considered to be between 670 and 740 on the FICO scale, which ranges from 300 to 850. Anything above 800 is considered exceptional. If your score falls within this range, you should have no problem qualifying for most credit cards.
The length of your credit history is also important, as it accounts for 15% of your overall score. The longer your credit history, the less risky you are considered to be. To build up your credit, it's best to open a credit card with no annual fee and use it responsibly. It's also important to keep track of your score, as it can help you take steps to improve it and increase your chances of qualifying for a loan or insurance policy.
You can check your latest credit score for free on WalletHub. When lenders review borrowers' scores, they often decide to change the interest rate or credit limit on a credit card. Those with scores above 750 or higher may qualify for 0% auto and credit card financing with 0% introductory interest rates. However, individual lenders have the final say on whether a credit score is good enough to be approved.