Who Has a 745 Credit Score?

A credit score of 745 is the average for the Baby Boomer generation. According to an analysis of 2023 FICO scores, credit ratings tend to improve with age as consumers build a longer financial history. Here is the full breakdown of average scores by generation:

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

Credit Cards With a 745 Credit Score

A credit score of 745 places you firmly in the 'good' to 'very good' range, significantly boosting your chances of approval for a wide variety of credit cards. Lenders view this score favorably, opening the door to premium rewards cards, balance transfer offers, and cards with introductory 0% APR periods. Consequently, you can expect to qualify for more attractive terms, such as lower interest rates and higher credit limits, compared to applicants with lower scores.

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Kudos offers personalized tools like the Explore Tool, which uses your preferences to find the ideal card from a database of nearly 3,000 options. The platform provides tailored recommendations and insights, helping you find a card that fits your financial situation by showing how closely each option matches your needs.

Auto Loans and a 745 Credit Score

With a 745 credit score, you fall into the prime borrower category, which positions you favorably for securing an auto loan. This means you can expect to qualify for competitive interest rates that are significantly better than those offered to non-prime or subprime borrowers.

According to a 2025 guide on auto loans, here are the average interest rates for new and used cars by credit score:

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

Mortgages at a 745 Credit Score

With a 745 credit score, you are in a strong position to buy a home. This score meets the minimum credit requirements for all major mortgage types, including conventional, FHA, VA, USDA, and even jumbo loans. Lenders view you as a low-risk borrower, which makes you an attractive candidate for a wide range of financing options and simplifies the approval process.

Your excellent credit directly translates to significant benefits. You can expect to qualify for lower interest rates, potentially saving you thousands over the loan's lifetime. It also means easier approval, lower private mortgage insurance (PMI) premiums if needed, and more negotiating power with lenders for favorable terms and other perks.

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's primarily based on a handful of key financial habits. The most common factors include:

• Your payment history tracks whether you have paid past credit accounts on time.
• Credit utilization is the percentage of your available credit that you are currently using.
• The length of your credit history considers the age of your oldest account and the average age of all your accounts.
• Having a healthy mix of credit types, such as credit cards and installment loans, can positively impact your score.
• Recent credit inquiries and newly opened accounts can temporarily lower your score.

How to Improve Your 745 Credit Score

No matter your current standing, improving your credit score is always possible, and with a 745 score, you're already in a great position to aim for the excellent tier. A comprehensive guide on the topic shows that consistent, positive habits can lead to meaningful changes.

• Lower your credit utilization ratio. Keeping your balances well below the recommended 30% of your available credit can provide a significant boost, pushing your very good score toward the excellent range.
• Diversify your credit mix. If your credit history is limited to just credit cards, adding an installment loan can demonstrate your ability to responsibly manage different types of debt.
• Limit new hard inquiries. While you have a strong score, applying for too much new credit at once can cause small dips that prevent you from reaching the 800+ club.
• Monitor your credit reports regularly. Catching and disputing inaccuracies ensures your score accurately reflects your financial habits and isn't being held back by errors.

Using a tool like Kudos can help you manage your cards and spending to implement these strategies effectively.