Who Has a 708 Credit Score?

While age isn't a direct factor in calculating your credit score, there is a clear correlation between age and average scores. According to 2023 Experian data, scores tend to rise with each successive generation as consumers have more time to build a positive credit history. Here is the breakdown:

• Generation Z (ages 18-26): 680
• Millennials (ages 27-42): 690
• Generation X (ages 43-58): 709
• Baby Boomers (ages 59-77): 745
• Silent Generation (ages 78+): 760

Credit Cards With a 708 Credit Score

A credit score of 708 places you firmly in the "good" credit range, which significantly boosts your chances of being approved for a new credit card. While you might not qualify for the most exclusive, top-tier cards reserved for those with excellent credit, you'll still have access to a wide array of options. This means you can confidently apply for many rewards cards, balance transfer cards, and other products with competitive interest rates and valuable benefits.

‍

Kudos can help you find the ideal credit card for your financial situation with its personalized recommendation tools. By analyzing your spending habits or asking a few quick questions about your preferences, Kudos matches you with the best options from its database of nearly 3,000 cards.

Auto Loans and a 708 Credit Score

A 708 credit score is considered 'prime,' which generally means you'll have a good chance of being approved for an auto loan. However, you won't secure the lowest interest rates, which are typically reserved for those with 'super-prime' scores.

According to Experian's Q2 2025 data, average auto loan rates vary significantly by credit score:

• Super-prime (781-850): 5.25% for new cars and 7.13% for used cars
• Prime (661-780): 6.87% for new cars and 9.36% for used cars
• Non-prime (601-660): 9.83% for new cars and 13.92% for used cars
• Subprime (501-600): 13.18% for new cars and 18.86% for used cars
• Deep subprime (300-500): 15.77% for new cars and 21.55% for used cars

Mortgages at a 708 Credit Score

With a 708 credit score, you're in a strong position to qualify for nearly any type of mortgage. This score is comfortably above the minimum requirements for conventional, FHA, VA, and USDA loans. It even meets the typical 700+ threshold for jumbo loans, opening up a wide range of financing options for your home purchase.

A 708 score makes you a less risky borrower, improving your approval odds and giving you access to favorable loan terms. While the best interest rates are often for scores of 740+, yours will still be competitive—much better than rates for borrowers in the low 600s. You may also benefit from lower private mortgage insurance (PMI) premiums.

What's in a Credit Score?

Figuring out what goes into your credit score can feel like trying to solve a complex puzzle, but it generally boils down to a handful of key elements. The most common factors include:

• Your payment history, which tracks whether you pay your bills on time, is the most significant factor.
• Credit utilization, or the amount of credit you're using compared to your total available credit, also plays a major role.
• The length of your credit history demonstrates your experience with managing credit over time.
• Having a healthy mix of different types of credit, such as credit cards and installment loans, can positively impact your score.
• Finally, recent credit inquiries, which occur when you apply for new credit, are also taken into account.

How to Improve Your 708 Credit Score

No matter your current number, it is always possible to improve your credit score through consistent, positive financial behavior. A 708 FICO® score is considered good, but taking a few key steps can help push it into the "very good" or "excellent" range, unlocking better financial opportunities.

• Monitor your credit reports. Regularly checking your reports helps you spot and dispute inaccuracies that could be holding your score back, while also allowing you to track the progress of your improvement efforts.
• Reduce your credit utilization ratio. Aim to keep your total balance well below 30% of your available credit, as this is a major scoring factor and lowering it can provide a relatively fast boost to your score.
• Diversify your credit mix. Lenders like to see that you can responsibly handle different types of debt, so adding an installment loan to your profile can demonstrate financial maturity and strengthen your score.
• Limit hard inquiries. Each application for new credit can temporarily lower your score, so it's wise to space them out and only apply when necessary to protect the gains you've made.

Using a financial companion like Kudos can help you manage your cards and track your progress as you work to improve your score.