By CreditNinja Reviewed by Matt Mayerle
Modified on May 15, 2024

A 680 credit score is considered a good credit score! And with that comes a good amount of benefits.

Most Americans are a part of this range, with the average credit score being 715.¹

With this credit score, you’ll likely have access to good interest rates and a range of financial products! Continue reading to learn more about the ins and outs of a 680 credit score. 

Key Takeaways for a 680 Credit Score

Overview of Your
Credit Rating

A 680 credit score is considered a good credit score. Having this score will make finances easier than someone with bad credit.

Borrowing Options With a
680 Credit Score

You’ll have access to several loan and credit card options. You will most likely get rates that are in the middle, not the lowest, but not extremely high either.

Improving a 680
Credit/FICO Score

Improving a 680 credit score is definitely possible. Being in the middle range means avoiding negative actions just as much as following through with positive ones.

Is a 680 Credit Score Good?

Yes, a 680 credit score is considered a good credit score! And with that comes a good amount of benefits. Continue reading to learn more about what a 680 credit score could mean for your financing options and beyond.

What Can You Get Approved for with a 680 Credit Score?

With a 680 credit score, you can expect to be approved for all kinds of loans and credit options. Let’s start with the most commonly used loans, personal loans.

Personal Loans

A personal loan is a type of installment loan, which means it will be repaid in steady monthly payments. Many people use personal loan options for different kinds of emergency expenses or planned purchases, for example, rent payments or as a down payment for a car purchase. 

Just like most loans, lenders will look at a borrower’s credit, income, and ability to repay the loan for eligibility and loan amounts. With a 680 score, you should be able to get through the credit score approval part with many personal loan options. Final approval will depend on whether you meet the other requirements. 

Bank Loans

Bank loans are loan options that come from a bank. Most banks have a variety of loan options to choose from, such as personal loans, car loans, credit cards, and more. A 680 credit score should set you up to get through the credit score criteria for most options. 

Car Loan Options

A car loan helps finance the purchase of a used or new car. With good credit, you can turn to all kinds of financial institutions for a car loan—a bank, credit union, and more. Here are some popular choices for those who have a 680 score:

  • Penfed Credit Union car loans 
  • Capital One auto finance
  • An auto loan from MyAutoLoan.com
  • An auto loan from Carvana
  • A car loan from CarMax
  • An Autopay car loan

Credit Cards

Credit cards are usually the easiest type of financing to pursue; with a good FICO score/credit score, you should have access to a variety of credit card options; here are some commonly used cards for people who are in your credit score range: 

  • Discover it® Balance Transfer
  • Chase Sapphire Preferred® Card
  • Chase Freedom Unlimited®
  • Wells Fargo Active Cash® Card
  • Delta SkyMiles® Blue American Express Card
  • Blue Cash Preferred® Card from American Express
  • Discover it® Cash Back
  • The Platinum Card® from American Express
  • IHG One Rewards Traveler Credit Card
  • Capital One Quicksilver Cash Rewards Credit Card
  • Hilton Honors American Express Card
  • Citi Premier® Card
  • Capital One VentureOne Rewards Credit Card
  • Capital One Venture Rewards Credit Card

When you have good credit, you can expect a decent credit limit and interest rate with credit card options. However, it’s important to understand that credit cards need to be handled extremely responsibly, as they can quickly lead to overspending and debt. 

Student Loan Refinancing Options

Many students take out private student loans to fund their education; however, later down the line, the payments may become unmanageable. Or, borrowers may find themselves with a higher FICO score and want to secure a better interest rate. 

Here are some student loan refinance options that borrowers with good credit often turn to:

  • LendKey Student Loan Refinance
  • SoFi Student Loan Refinancing
  • College Ave Student Loan Refinance
  • RISLA Student Loan Refinance
  • ISL Refinance Loan

Products to Help Maintain Good a 680 Credit Score

Let’s start with some products that can help maintain your score:

Financial Tools

Description

Debt Management Plans

Debt management plans assist individuals in developing a strategy to tackle their debts, whether they are old or newly acquired.

Secured Credit Cards

Secured credit cards are a suitable option for those looking to build a positive payment history on their credit report with minimal risk. 

Identity Theft Protections

Identity theft protection is crucial in safeguarding against potential credit damage caused by identity thieves.

Below is more information on each:

Debt Management Plans

Debt management plans help people come up with a strategy to take on their debt. This can be for old debts or newly acquired ones. Either way, this can be extremely important and helpful when trying to maintain your score. With a debt management plan, you may be more likely to pay your bills on time, be mindful of your credit usage, and avoid unnecessary debt. 

Secured Credit Cards

Secured credit cards can be a good option for those who want to continue establishing a positive payment history on their credit report without wanting to take a huge risk. Secured credit cards require the borrower to provide a down payment—so there is less risk while still being able to establish a positive payment history. Here are some secured credit card options for good credit:

  • Discover it® Secured Credit Card
  • U.S. Bank Cash+® Secured Visa® Card
  • Capital One Quicksilver Secured Cash Rewards Credit Card
  • Bank of America® Unlimited Cash Rewards Secured Credit Card
  • Bank of America® Customized Cash Rewards Secured Credit Card
  • First Progress Platinum Prestige Mastercard® Secured Credit Card

Identity Theft Protections

You may not think of identity theft as something that could impact your credit, but it definitely could! Identity thieves can steal personal information and then use it to apply for credit accounts and conduct other financial transactions/activities that can harm your credit. Identity theft protection provides you with alerts when any suspicious activity happens, which can be extremely helpful in stopping any financial fraud before it becomes a huge issue. Here are some identity theft services to help get you started:

  • OmniWatchTM
  • LifeLockTM
  • ID Shield
  • Aura

Benefits of a 680 Credit Score

Here are some benefits of a 680 credit score:

Decent Interest Rates

With a 680 credit score, you can expect decent interest rates. You may not necessarily get the best rates available, but your interest rates will likely be much better than those who have bad credit scores. 

A Variety of Loan Products to Choose From

With good credit, you’ll get to choose from several different loan products and credit cards to fit your financing needs. This can be a huge advantage, as you’ll get the ability to choose something that fits your finances well. You may not notice, but your options will be in stark contrast to borrowers who are in lower credit score ranges and may only have access to bad credit loans such as payday loans or title loans.

Fairly Easy Approval for Products and Credit

In most cases (as long you meet the income and other criteria), you will likely have a fairly easy time getting through the credit requirement for many loan products. This can be a great advantage when you need emergency funding or if you want to finance a purchase like a vehicle. 

Decent Loan Amounts and Credit Limits

As long as you meet the requirements for income and have a 680 credit score, you should be able to get decent loan amounts and credit limits. This can be helpful when you need a loan amount or credit limit that is more than just a few hundred dollars. 

How to Maintain Your 680 Credit Score

Getting good credit scores takes work! And once you get there, the last thing you want to do is hurt those scores. The good news is that there are several things you can do to help maintain your score; here are some tips:

Continue Making Your Monthly Payments on Time 

The most impactful factor that affects credit scores is payment history. And so, it is extremely important that you make your monthly payments on your credit accounts on time! Your payments to creditors are usually reported to at least one of the three major credit bureaus every month. And so it’s important to stay consistent. Even a few late payments can really hurt a good or fair credit standing.

Monitor Your Credit Reports

Another important thing you should be doing when trying to maintain your 680 credit score is to check your credit reports often. This may not seem like the most important thing at first, but there are a few reasons why it is crucial to check your report often. 

One reason is that mistakes can happen, which can hurt your score, and it falls on you to fix those. Another reason is that your credit reports are usually the first place that signs of identity theft or fraud will show up. 

You can get a free credit report from each credit bureau annually. However, experts recommend that you check it much more often than that.

Consider Your Credit Utilization Rate/Ratio

Your credit utilization ratio factors in the amount of debt you have against your existing available credit. After your payment history, your credit utilization also plays a large role in your credit scores. One way to maintain a good credit score/FICO score is to keep your credit utilization rate under 30%. Your debt-to-income ratio also plays a role in this ratio.

Familiarize Yourself With Credit Scores 

Credit scores are made up of several different factors, some of which have been mentioned above. There are also a few different credit scoring models out there—the FICO score and the Vantage Score are the most widely used. By familiarizing yourself with each credit scoring model, you can be strategic with your finances. 

Additionally, you can avoid actions that may make financial sense in one instance but hurt your credit score! One example is closing an unsecured credit card, which may be a good idea in that it can prevent unnecessary spending. However, doing so can decrease your credit limit and, therefore, hurt your credit score! 

Don’t Take Large Risks With Your Finances

When you have good credit, you may be asked by others to be a cosigner or co-borrower. However, doing so can put your credit scores at risk. 

Any actions that the person you cosign or co-borrow with will also be a part of your credit reports and history and, therefore, impact your credit scores. This also includes adding the debt to your portfolio. 

Although there is a possibility that another person will pay that debt on time, there is also the possibility that they will not. And so, you may want to avoid taking on these kinds of risks if you are trying to maintain a good credit score. 

FAQs About 680 Credit Scores

Credit mix is one of the factors that credit bureaus consider when calculating your credit score. Having a variety of credit types (such as credit cards, auto loans, and a mortgage) can show lenders that you’re capable of managing different types of credit responsibly. Improving your credit mix can help boost your score from 680, potentially leading to better terms on future loans and higher total credit limits. However, it’s important to only take on new credit if you can manage it responsibly, as missed payments can negatively affect your score.

Establishing a history of timely payments is crucial for improving your credit/FICO score and enhancing your credit file, especially if you’ve had a few missed payments in the past. Consider setting up automatic payments for your bills to ensure you never miss a due date. Additionally, you can set reminders for yourself a few days before payments are due. Over time, a consistent pattern of timely payments can help mitigate the impact of past missed payments on your FICO score.

With a 680 credit score, you’re likely to find favorable terms with both FHA and conventional loan options, though the specifics can vary. FHA loans are designed to help those with lower credit scores, so a 680 score might qualify you for relatively low-interest rates and a smaller down payment compared to some conventional loan requirements. However, conventional loans might offer better terms for those with good credit scores like 680, especially if you have a strong credit history and can make a larger down payment.

What Interest Rate Can I Get With a 680 Credit Score?

One question you may have when thinking about lending and your credit score is what interest you could get with a 680 credit score. A 680 credit score will usually mean interest rates that are right in the middle. So, your interest rates won’t be the best offered, but you won’t get the highest interest rates that borrowers with a low credit score would.

Can I Buy a House With a 680 Credit Score?

Buying a house is a really complicated process with many different eligibility requirements. And your credit score will definitely play a role in that. A good credit score will be a decent starting point when going into the home-buying process with a mortgage lender. Your 680 credit score should not stop you with most lenders for the purchase of a home. However, you will have to fulfill all the other requirements, like a down payment and income requirements, to be able to purchase a home. Also, it’s a good idea to improve your score as much as possible for the best rates!

Top 5 Resources for a 680 Credit Score

Related Credit Scores

655  660  665  670  675 685  690  695  699  700

References:

  1. What Is the Average Credit Score in the US | Experian
  2. Cards for Good Credit | US News
  3. Best Student Loan Refinancing Companies of February 2024 | NerdWallet
  4. Best Credit Cards for Good Credit of February 2024 | WalletHub
  5. The best auto loan rates and lenders of February 2024 | CNBC
  6. Best Secured Credit Cards | Forbes