Who Has a 718 Credit Score?

While a 718 credit score is slightly above the national average, where you stand often depends on your age group. Generational data from 2023 shows a clear trend of scores increasing over time:

• 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 718 Credit Score

With a 718 credit score, you're in a strong position when applying for a new credit card, as this number falls squarely in the "good" range. While this score will likely get you approved for many cards, you might find that the most exclusive, premium cards with top-tier benefits are still just out of reach. Nevertheless, you'll have access to a wide variety of excellent options, including cards with competitive rewards programs, sign-up bonuses, and favorable interest rates.

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Kudos can help you find the perfect card for your financial situation with personalized tools that analyze your preferences and spending habits. By using your input, Kudos filters through thousands of cards to provide tailored recommendations and side-by-side comparisons, ensuring you make an informed choice.

Auto Loans and a 718 Credit Score

With a 718 credit score, you fall into the "prime" borrower category, which positions you well to qualify for an auto loan with competitive terms. While you can expect favorable interest rates, they may not be the absolute lowest, which are typically reserved for those with super-prime scores.

According to a 2025 market analysis, here are the average auto loan interest rates broken down 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 718 Credit Score

Yes, a 718 credit score is considered good and will qualify you for all major types of home loans. With this score, you are above the minimum threshold for conventional, FHA, VA, and USDA loans. This opens up a wide range of mortgage options, giving you the flexibility to choose the program that best fits your financial situation, according to a Kudos mortgage guide.

Your 718 score also positively impacts your loan terms. You can qualify for low down payment options, such as 3% for a conventional loan or 3.5% for an FHA loan. While you'll secure a competitive interest rate—better than those with scores in the 600s—the very best rates are typically reserved for borrowers with scores of 740 or higher. A strong score can also lead to 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 history of making payments on time is the most significant factor.
• How much of your available credit you're currently using, known as your credit utilization ratio, plays a major role.
• The age of your credit accounts, including the average age and the age of your oldest account, is also considered.
• Lenders like to see that you can responsibly manage different types of credit, such as credit cards and loans.
• Opening several new credit accounts in a short period can be seen as a risk and may temporarily lower your score.

How to Improve Your 718 Credit Score

While a 718 credit score is considered good, it's always possible to improve your financial standing through consistent, positive behavior. There are several proven methods you can use to boost your score into an even better range.

• Monitor your credit reports regularly. This allows you to spot and dispute any inaccuracies that could be holding your score back. For a 718 score, catching small errors or fraudulent activity early is key to protecting your good credit and pushing it higher.
• Reduce your credit utilization ratio. Keeping your balances low compared to your credit limits is a major factor in your score. While staying under 30% is a good rule of thumb, pushing your utilization below 10% can help elevate a 718 score into the excellent category.
• Become an authorized user. By being added to an account with a long history of on-time payments and low utilization, you can benefit from its positive standing. This can quickly add a seasoned account to your credit file, boosting your average credit age and improving your utilization ratio.
• Diversify your credit mix. Lenders like to see that you can responsibly manage different kinds of debt, like credit cards and installment loans. If your 718 score is built primarily on one type of credit, adding another can demonstrate financial versatility and strengthen your profile.

To help manage your credit cards and make smarter spending decisions, consider using a financial companion like Kudos.