An 815 credit score is an excellent credit score. With that comes many financial benefits, some of them including great interest rates and APRs with loans and credit cards.
An 815 credit score falls in the top tier of credit. It’s in the exceptional range and pretty close to perfect! Getting to this score takes lots of work and once you are there maintance is important.
Key Takeaways for a 815 Credit Score
Overview of Your
Credit Rating
An 815 credit score is considered an excellent credit score. So, you are in the top tier with all the credit score models.
Borrowing Options With an
815 Credit Score
You’ll have access to all kinds of borrowing options both unsecured loans and secured loans, with this exceptional credit score.
Maintaining an 815
Credit/FICO Score
Maintaining your credit will involve continued good financial habits like on-time payments and keeping debt low.
Is an 815 Credit Score Good?
An 815 credit score is considered an excellent credit score. When your average credit score falls into this range, you’ll have access to all kinds of credit accounts, credit limit options of all kinds, and interest rates that are highly competitive.
What Can I Get Approved For?
Upstart
4.9 Trustpilot Rating
- Personal loans
- Car loan refinance
- Low fixed rates
- No hidden fees
Upstart is an online lending platform that partners with banks to provide personal loans from $1,000-$50,000. Upstart goes beyond traditional lending metrics to help borrowers find financing that considers their education, work experience, and more.
Min Credit Score Depends on Specific Lender
Freecash
4.6 Google Rating
- Highest payouts
- Instant cashouts
- Daily bonuses
- No credit score required
With Freecash, you get paid for testing apps, games, and surveys. Start by choosing an offer on the ‘earn’ page. Most offers only take 5-10 minutes to complete. Once you complete the offer, you’ll be rewarded with coins that you can exchange for cash.
No Minimum Credit Score Required
eMortgage
4.8 Google Rating
- Network of lenders
- Home purchase
- Home equity line of credit
- Home refinance
eMortgage is here to help you find the right home loan, refinance, HELOC, or reverse mortgage you need. Fill out some simple information about the type of property and loan you need, and they’ll connect you with up to 5 lenders who can help.
Min Credit Score Will Depend on the Lender You Choose
You’ll have lots of borrowing options with excellent credit history, here are some commonly used credit accounts:
Personal Loans
With a higher credit score, such as 815, you’ll likely get approved for most personal loan options as long you meet the income requirements and other criteria. A personal loan can be extremely helpful with all kinds of emergencies or even planned expenses. These loans also usually have the most flexibility with repayment schedules.
Bank Loans
Bank loans are loan options that come directly from banking institutions. With FICO scores in the 815 range, you should have no issues regarding your credit history and credit scores for several, if not all, bank lending products.
Credit Cards
Most Americans have credit cards, a form of revolving credit; 82% have at least one credit card.1 Exceptional credit scores, such as an average credit score of 815, will mean several credit card opportunities and offers. Here are some credit cards for excellent scores:
Credit Card | Issuer |
Blue Cash Preferred® Card from American Express | American Express |
Wells Fargo Active Cash® Card | Wells Fargo |
Chase Sapphire Preferred® Card | Chase |
Capital One SavorOne Cash Rewards Credit Card | Capital One |
Car Loans
Car loans or auto loans are used to finance the purchase of a vehicle and can be found through several different sources. Generally speaking, your credit score will need to be in the fair range at minimum for approval and the good credit score range (also at minimum) to get good interest rates on a car loan.
Products To Help Maintain an 815 Credit Score
Here are some products that can help you maintain an 815 credit score:
Credit Monitoring
Credit monitoring services are essential when trying to maintain an 815 credit score. These services will alert you if anything changes on your credit report, which can be a massive help if mistakes are made or if identity theft occurs. When you are working with a higher credit score like yours, even a small change to your credit can really hurt it, and credit monitoring services can help you stay on top of that.
Budgeting Apps
Budgeting is a great tool for your finances overall and can help you maintain your higher credit score. Here are some budgeting apps you can look into:
- Goodbudget
- YNAB
- Honeydue
- Rocket Money
Automatic Payments
Your payment history is the most impactful factor regarding your credit scores. Having automatic payments set up will ensure that your bills are paid on time, and when those bills are monthly payments for credit accounts, it will be super helpful to maintain a good or average credit score.
Benefits of an 815 Credit Score
The benefits of an 815 credit score include a variety of loan products to choose from, the best interest rate range with most lenders, and a much lower cost of borrowing compared to lower credit scores.
How To Maintain Your 815 Credit Score
Maintaining your credit score of 815 can involve keeping your credit utilization ratio low, paying bills on time, checking your credit reports often, familiarizing yourself with different credit scores, diversifying your credit mix, and keeping old accounts open so they stay on your credit report.
FAQs About 815 Credit Scores
How often should I check my credit report with an 815 credit score?
Regularly, at least once a year, to ensure accuracy and detect any discrepancies.
Do I still need to budget with an 815 credit score?
Yes, budgeting is crucial for maintaining your score and managing finances effectively.
Will applying for new credit affect my 815 credit score?
Yes, new credit applications can lead to hard inquiries, which might temporarily lower your score.
What Interest Rate Can I Get With an 815 Credit Score?
Interest rates with an 815 score will be in the lowest range! This can mean a lot of savings with loan rates when borrowing money or financing a purchase.
Can I Buy a House With an 815 Credit Score?
A credit score is just one part of the home-buying process, and so you’ll have to fulfill all the separate requirements with other factors. However, having an 815 credit score is a great starting point and should get you through the credit score requirement with most mortgages.
Top 5 Resources for an 815 Credit Score
References:
- American Credit Card Debt | GOA.gov
- Best Credit Cards for Excellent Credit | NerdWallet