@Thomas_Thumb wrote:Just curious, are there any lenders that use 780 as the new 760 for top tier? I realize it is still 760 for mortgages based off Fico 04 and Fico 98
However, I thought I saw somewhere that certain credit card issuers may use 780 for Fico 08 as a lowest interest rate benchmark.
Not that I've ever seen nor heard of; however, unless we're talking low rate / balance carrying cards to begin with, it's sort of irrelevant in my book. It's certainly possible, big given the importance of mortages compared to any credit card, I'm comfortable in saying that 760 is as good as one's score needs to be other than buffer purposes.
I will probably get to 800 someday and stay around here, I sort of have the opinion that if I get to an 850 ever it will be a mistake on my part as I probably missed an opportunity to leverage my credit report in there somewhere. That opinion may change once I get to be gold plated 
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@Revelate wrote:
@Thomas_Thumb wrote:Just curious, are there any lenders that use 780 as the new 760 for top tier? I realize it is still 760 for mortgages based off Fico 04 and Fico 98
However, I thought I saw somewhere that certain credit card issuers may use 780 for Fico 08 as a lowest interest rate benchmark.
Not that I've ever seen nor heard of; however, unless we're talking low rate / balance carrying cards to begin with, it's sort of irrelevant in my book. It's certainly possible, big given the importance of mortages compared to any credit card, I'm comfortable in saying that 760 is as good as one's score needs to be other than buffer purposes.
I will probably get to 800 someday and stay around here, I sort of have the opinion that if I get to an 850 ever it will be a mistake on my part as I probably missed an opportunity to leverage my credit report in there somewhere. That opinion may change once I get to be gold plated
I always PIF my CCs. Nonetheless, I still feel insulted when the interest rate tied to one of my CC accounts is not the lowest offered (promotional offers excluded).
Shown below are Fico 08 category assignments per American Express. There appears to be some upward movement for top tier Fico 8 scores in the credit card industry. I have seen a couple other CC companies list 780+.
800+ Excellent
740 – 799 Very Good
670 – 739 Good
580 – 669 Not Good
579 or less Poor
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