Qualifying
Is 720 a good credit score?
Yes — a 720 credit score is firmly in FICO's 'Good' range (670–739), above the U.S. average, and at the doorstep of 'Very Good.' You'll qualify for most products at favorable rates, and you're close to the 740 threshold where the best pricing begins.
The full picture
Where 720 falls on the FICO scale
On the 300–850 FICO scale, 720 is near the top of the 'Good' band (670–739) and above the U.S. average (mid-710s). It's a strong, prime score — just below the 'Very Good' tier (740–799).
What a 720 score qualifies for
- Mortgages at favorable rates — comfortably into prime pricing tiers.
- Auto and personal loans at strong rates.
- Most rewards and travel credit cards — broad approval, including many premium products.
- Negotiating leverage on rates and fees with many lenders.
How to reach 'Very Good' (740+)
You're only about 20 points from 740, where many lenders' best rates begin. Keep revolving balances minimal, never miss a payment, and avoid unnecessary new accounts. At this level, the gains are incremental but worthwhile — each point can sharpen your pricing.
The numbers
Key takeaways
- 720 is firmly 'Good,' above average, and near 'Very Good.'
- Favorable rates on most products plus some negotiating leverage.
- Only ~20 points from 740, where the best rates typically begin.
- Minimal utilization + flawless payments close the final gap.
Published 2026-05-22 · Updated 2026-05-22 · https://clearvaluelending.com/answers/is-720-a-good-credit-score