topic Re: What's the highest score you stop getting lower rates? in General Credit Topics

What's the highest score you stop getting lower rates?

Anonymous — Mon, 09 Jul 2012 15:55:55 GMT

Obviously there are bragging rights to having an 800+ score (or any really high score), but from what I've seen as a newbie to credit scoring, there's a point where you're really not getting a tangible benefit to a higher credit score. Meaning, you're not getting a better interest rate for having a higher score.

Where is this point? 750-760 range? The FICO Scorewatch page seems to indicate that a 720+ will get you the best auto rates, and a 760+ the best mortgage rates. After these scores for the respective loans, is there a benefit to going higher?

Re: What's the highest score you stop getting lower rates?

pizzadude — Mon, 09 Jul 2012 17:40:53 GMT

Realistically the only real benefit is probably bragging rights. There may be a few credit products where you can obtain better rates or benefits with a score higher than 760 but most high achievers probably won't see any difference.

ETA: I am not a FICO high achiever so I am only speculating about this.

Re: What's the highest score you stop getting lower rates?

bettercreditguy1 — Mon, 09 Jul 2012 22:58:36 GMT

I believe you are very accurate. My Realtor and Loan Officer say 760 and up for the best mortage rates.