Is 756 a Good Credit Score?

Credit Card
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756 number in credit is good?

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Let me share my recent experience. A few months back, I visited one of the popular banks in India with my brother-in-law, whose credit score was 756. He was worried about not getting a car loan approval because of what he thought was a low credit score.

Guess what! The bank manager said, “756 goes beyond good; it’s the sweet spot that makes us feel confident about you.”

So, we went back home with a bag of assurance, including:

  1. Quick approvals for the car loans, even with faster processing.
  2. A lower interest rate (compared to others with a credit score below 720).
  3. A higher credit card limit (helpful as we wanted to purchase a luxury car).
  4. Some additional offers.

However, if you want, you can push your score even higher. Here are the dos and don’ts:

  • Do keep your credit utilisation as low as possible.
  • Don’t max out your card limit.
  • Do request a credit limit increase if your spending stays the same.
  • Don’t ask for it too often.
  • Do maintain a strong payment history.

Don’t take it lightly. These are proven strategies to boost your credit score.