The Dime Daily

Is a 720 Credit Score Good?

Updated 2026 · FICO Score 8 scale · U.S. average: 714

Yes — 720 is in the upper tier of the 'good' credit score range (670–739), just 20 points from 'very good.'

FICO bucket: Good (670–739)

Skip the fluff — TL;DR

720 is a strong score that gets you near-best rates on mortgages and auto loans, and access to virtually all premium credit cards. You're 6 points above the U.S. average and 20 points from the 'very good' threshold at 740.
FICO RangeCategoryYour score
800–850Exceptional
740–799Very Good
670–739Good720 ← you
580–669Fair
300–579Poor

What a 720 credit score gets you

🏠 Mortgage

Excellent approval odds. You're in the upper tier of conventional pricing and some lenders start offering their best rate brackets here.

Typical rate: ~5.9–6.5% (30-year fixed)— estimate, varies by lender, LTV, and loan type

🚗 Auto Loan

Near-best auto rates. Manufacturer 0% financing promotions often require 720+.

Typical rate: ~3.5–7% APR

💳 Credit Cards

All major premium cards are accessible — Chase Sapphire Reserve, Amex Platinum, Capital One Venture X. You're in the top tier for credit card approvals.

🏢 Apartment Rental

No friction. 720 is above every standard landlord threshold.

How 720 compares to the U.S. average

The U.S. average FICO is 714. At 720, you're 6 points above the national average. You're in the better half of American credit scores.

U.S. average (714)720
300 (min)714 avg850 (max)

How to improve a 720 credit score

  1. 1

    The 720→740 jump is the last 'unlock' in credit scoring. At 740 most lenders give you their best rates.

  2. 2

    Maintain utilization below 10% — this is the single highest-leverage remaining action.

  3. 3

    Continue perfect payment history. You're in the 'protect what you have' phase more than 'actively build' phase.

  4. 4

    Each year of clean history adds compounding benefit as your average account age grows.

  5. 5

    Avoid unnecessary hard inquiries in the 12 months before a major purchase.

💰 Dime's Take

720 is where you start hearing 'yes' from premium lenders without hesitation. The jump from here to 740 is small numerically but meaningful in lender tiers — many banks move you into their best pricing bucket at 740. Worth the push if a major purchase is coming.

Nearby credit scores

Is 680 a good credit score?Is 700 a good credit score?Is 730 a good credit score?Is 740 a good credit score?Is 750 a good credit score?

Frequently asked questions

Yes — 720 is in the upper tier of the 'good' credit score range (670–739), just 20 points from 'very good.' FICO defines "good" credit as 670–739. Good credit (670–739) falls within or above that range, meaning you have access to most mainstream financial products at competitive rates.

With a 720 credit score: Mortgages — Excellent approval odds. You're in the upper tier of conventional pricing and some lenders start offering their best rate brackets here. Auto loans — Near-best auto rates. Manufacturer 0% financing promotions often require 720+. Credit cards — All major premium cards are accessible — Chase Sapphire Reserve, Amex Platinum, Capital One Venture X. You're in the top tier for credit card approvals. Apartment rentals — No friction. 720 is above every standard landlord threshold.

The 720→740 jump is the last 'unlock' in credit scoring. At 740 most lenders give you their best rates. Maintain utilization below 10% — this is the single highest-leverage remaining action. Continue perfect payment history. You're in the 'protect what you have' phase more than 'actively build' phase. Each year of clean history adds compounding benefit as your average account age grows. Avoid unnecessary hard inquiries in the 12 months before a major purchase.

The U.S. average FICO is 714. At 720, you're 6 points above the national average. You're in the better half of American credit scores.

FICO scores range from 300 to 850. The five ranges are: Poor (300–579), Fair (580–669), Good (670–739), Very Good (740–799), and Exceptional (800–850). Most lenders use FICO scores, though some use VantageScore which uses the same 300–850 range with slightly different cutoffs.
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