Who Has a 751 Credit Score?

While age isn't a direct factor in calculating your credit score, there is a clear trend of scores improving over time. According to 2023 data from Experian, average FICO scores tend to rise with each generation:

• 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 751 Credit Score

A credit score of 751 places you firmly in the "good" to "excellent" range, which is a fantastic position to be in when applying for new credit. Lenders view this score as a sign of a reliable borrower, significantly increasing your chances of approval for a wide variety of credit cards. This opens the door to more exclusive offers, including premium travel rewards cards, low-interest-rate options, and cards with generous credit limits.

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Kudos helps you find the right credit card for your financial situation through its Explore Tool, which uses a quiz to personalize recommendations based on your needs and preferences. By drawing from a database of nearly 3,000 cards, the platform allows you to compare options tailored to your credit profile and spending habits.

Auto Loans and a 751 Credit Score

A 751 credit score is considered very good, placing you in the prime borrower category for lenders. This means you can expect high approval odds and access to competitive interest rates for both new and used auto loans.

• 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 751 Credit Score

With a 751 credit score, you are in a strong position to buy a home. This score is well above the minimum requirements for all major mortgage types, including conventional, jumbo, FHA, VA, and USDA loans. Lenders view a score in this range as very good to excellent, making you a low-risk borrower and opening the door to a wide variety of financing options.

This high score directly translates to significant financial benefits. You will likely qualify for much lower interest rates, potentially saving you tens of thousands of dollars over the life of the loan. For conventional loans with a down payment under 20%, a 751 score can also lead to cheaper private mortgage insurance (PMI) premiums, further reducing your monthly payment.

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 factors.

• Your payment history tracks whether you've paid past credit accounts on time.

• Credit utilization is the percentage of your available credit that you're currently using.

• The length of your credit history considers the age of your oldest account, newest account, and the average age of all your accounts.

• Credit mix refers to the variety of credit products you have, such as credit cards, retail accounts, installment loans, and mortgages.

• New credit accounts for how many new accounts you've recently opened and the number of hard inquiries on your report.

How to Improve Your 751 Credit Score

Even with a strong 751 credit score, there is always room for improvement that can unlock better financial opportunities. Taking a few strategic actions can help push your score into the highest tier of creditworthiness.

• Reduce your credit utilization ratio. This is one of the most influential factors in your score, and for someone with a 751 score, getting utilization under 10% can provide a significant boost. Paying your balance down before the statement date helps ensure a low ratio is reported to the credit bureaus.
• Diversify your credit mix. Lenders like to see that you can responsibly manage different types of debt, which accounts for 10% of your score. If your credit history is primarily based on credit cards, adding an installment loan like a small personal or credit-builder loan can round out your profile.
• Limit hard inquiries. While your 751 score can handle the occasional credit application, too many hard inquiries in a short period can cause a temporary dip. Protect your excellent score by spacing out applications and using prequalification tools whenever possible.
• Become an authorized user. Being added to a well-established credit card with a long history and low balance can be beneficial. This can increase the average age of your accounts and lower your overall credit utilization, both of which are positive signals.

To help manage your credit cards and implement these strategies, you can use a financial companion like Kudos.