is this a good score? 744.
A credit score of 744 positions you strongly, sitting just shy of the “excellent” range. Lenders generally view you as a reliable and low-risk borrower, which improves your chances of getting credit approvals with ease.
With this score, you’re more likely to enjoy competitive interest rates, flexible terms, and priority consideration over others applying for the same loan or card.
I’ve seen this play out personally. When my score hovered around 740, I not only got a swift credit card approval but was also offered a lower-than-average interest rate, thanks to my solid repayment record.
However, there is always room for improvement in your credit score for future, bigger plans. You can do so using the following strategies:
- Paying your credit card bills, EMIs, and other dues on time.
- Using less than 30% of your total limit to prove your credit card independence.
- Review your credit report once a month.
- Avoid applying for new credit, as 3 applications within 6 months can lower your score.
- In case you have too many unsecured cards, apply for a secured FD-backed credit card.
Try to avoid the most common mistakes, such as late repayments and defaults. Fixing these alone can lift your score by 5 to 10 points.