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.
A 720 score clears the bar most lenders actually check against: as myFICO reports, 90% of top lenders use FICO scores in their credit decisions, with 720 sitting comfortably inside the 'Good' band those scoring models reward with prime or near-prime pricing on mortgages, auto loans, and personal loans.
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.
Frequently asked questions
Is 700 a good credit score?
700 is in FICO's 'Good' range (670–739) — slightly below the U.S. average FICO Score (mid-710s) and 40 points below the 740 'Very Good' threshold. It still qualifies for reasonable rates on most products, just not the best-tier pricing.
Is 710 a good credit score?
710 is in FICO's 'Good' range (670–739) — right around the U.S. average FICO Score (mid-710s) and 30 points below the 740 'Very Good' threshold. It qualifies for solid, if not top-tier, pricing on most credit products.
Is 715 a good credit score?
715 is in FICO's 'Good' range (670–739) — close to the U.S. average FICO Score (mid-710s) and 25 points below the 740 'Very Good' threshold. Rates are competitive but the best pricing tier is still out of reach.
Is 725 a good credit score?
Yes — 725 is in FICO's 'Good' range (670–739), above the U.S. average FICO Score (mid-710s) and just 15 points from the 740 'Very Good' threshold where many lenders' best rates begin.
Published 2026-05-22 · Updated 2026-05-22 · https://clearvaluelending.com/answers/is-720-a-good-credit-score