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

An 818 credit score is considered an excellent credit score. This is the highest credit scoring range that you can be in, and getting here takes consistent good financial habits.

According to Experian, fewer than 1% of individuals with Exceptional FICO® Scores are expected to become seriously delinquent on their payments in the future.¹

When you have a great credit score, you are not seen as a risk to lenders.

Key Takeaways for a 818 Credit Score

Overview of Your
Credit Rating

An 818 score is considered a great credit score. Having this score can have major benefits.

Borrowing Options With a
818 Credit Score

With an 818 credit score, you’ll have lots of borrowing options, including both secured and unsecured loans.

Maintaining an 818 Credit/FICO Score

You can maintain your 818 score by paying your bills on time, keeping your credit utilization low, and having diversity with your credit.

Is an 818 Credit Score Good?

An 818 score is better than good, it is considered a great credit score. With this credit score, you can expect all kinds of benefits. Continue reading to learn more about what it means to have a great credit score, along with tips on maintaining it.

What Can You Get Approved for With an 818 Credit Score?

There are all kinds of borrowing options you may have access to with an 818 credit score; here are some:

Personal Loans

Personal loans are unsecured loans that can be used for all kinds of expenses. With an 818 credit score, you should be in good shape with several personal loan options. 

Bank Loans

Personal loans, mortgages, credit cards, home equity loans, and more can all be bank loans. With a great score, you should easily get through the credit approval process but you’ll need to fulfill other qualification steps for approval. 

Credit Cards

With excellent credit, you’ll get the best interest rates and rewards with credit cards, a form of revolving credit. If you have a high income, then you’ll also likely get high credit limits with credit card options, which can be convenient. Here are some popular credit card options for credit scores in the excellent range:

  • Chase Freedom Unlimited®
  • Chase Sapphire Preferred® Card
  • Capital One Venture X Rewards Credit Card
  • Wells Fargo Active Cash® Card
  • Citi Premier® Card
  • Wells Fargo Reflect® Card

Auto Loans

An 818 score will make it much easier for you to qualify for auto loans, which are secured loans and usually installment loans. Lots of lenders offer car loans, and with great credit, you’ll likely be able to filter through several options to find the best auto loan for you. 

Products To Help Maintain an 818 Credit Score

Here are some products that can help you maintain your great credit:

Credit Monitoring

Credit monitoring services alert you to any changes on your credit reports (from each credit bureau) or credit accounts. By staying on top of these changes, you can make better decisions and correct any mistakes or errors right away if they happen. 

Auto Pay 

Auto pay makes it possible to pay your bills, including credit accounts, without you having to do the work. This can make things much easier and can prevent late or missed payments, which can really harm a good credit score. Here are some ways to set up autopay:

  • Through your bank or credit union
  • Over the phone, through an app, or online with your lenders or credit card issuers 


Credit Score Simulators 

Credit simulators can help show you the potential impact of an action before you follow through. In some cases, these may be offered by institutions like your bank, which have a pretty good insight into your money and credit history. These can be helpful in preventing negative impacts on your credit. 

Benefits of an 818 Credit Score

There are several benefits that come with an 818 credit score:

Lower APRs and Interest Rates 

With your average credit score in the highest category, your interest rates and APRs will be in the lowest ranges. This can mean a lot of savings with loans and credit cards. You may also save on insurance products, utility bills, and even your phone bill. 

More Personalization With Loan Options 

Excellent credit means more choices with lenders, repayment terms, and loan choices, all of which equals more personalization. This can be a huge benefit, as with more personalization, chances are that you’ll have an easier time with repayment. 

Financial Freedom 

Having a great score can make it exponentially easier to achieve financial and personal goals. This can change your life in so many positive ways in all kinds of directions. 

How To Maintain Your 818 Credit Score

Here are some ways to maintain your credit score:

Pay Your Bills On Time 

The most impactful factor for your credit scores from the three major credit bureaus is payment history. To maintain your exceptional credit scores, you need to pay your credit accounts on time. 

Keep Your Credit Utilization Under 30%

Adding additional debt and closing your credit accounts are both actions that can bring up your credit utilization ratio. To maintain your higher credit score, try your best to keep that ratio under 30%.

Diversify Your Credit

Diversity in your credit accounts is important, especially with higher credit scores. And so, before adding multiple credit accounts that are the same, consider what you already have on your history and see if you can diversify that.

FAQs About 818 Credit Scores

Credit scores are a key factor lenders consider when deciding on a credit limit increase. A higher score indicates to lenders that you’re a responsible borrower, which might make them more inclined to offer you a higher credit limit. This decision is often based on the information in your credit report, reflecting your financial behavior and reliability.

No, checking your own credit scores is a soft inquiry and does not impact your credit report. It’s beneficial to regularly review your scores to stay informed about your credit health and to ensure accuracy in your credit reports.

A good credit score, as reflected in your credit report, can unlock several financial advantages, including lower interest rates on loans and credit cards and better terms from lenders. While your report offers a detailed history of your credit activity, your score summarizes this information into a single number that lenders use to quickly assess your creditworthiness.

What Interest Rate Can I Get With an 818 Credit Score?

Interest rates with an 818 score will likely be in the lowest range, regardless of what borrowing option you look into. As you now know, this is one of the many benefits of having an excellent credit score. 

Can I Buy a House With an 818 Credit Score? 

With an 818 score, you should be in good standing in terms of the credit criteria for the home-buying process. However, there are several parts of purchasing a home, all of which you will have to complete/get through or pass in order to be able to buy a home. Here are some of the other parts of buying a home:

Qualifying Factor

Description

Income

Your earnings from various sources, used to assess your ability to make mortgage payments.

Debt-to-Income Ratio (DTI)

Percentage of your income that goes towards paying debts, indicating your financial health.

Employment History

A record of stable employment, showing consistent income.

Down Payment

The upfront payment for the home, influencing loan terms and monthly payments.

Savings and Assets

Financial reserves that demonstrate the ability to cover mortgage payments in case of hardship.

Property Type and Value

Determines loan amount and terms based on the home’s appraisal.

Loan Type

Various mortgage options (e.g., FHA, VA) with different requirements and benefits.

Top 5 Resources for a 818 Credit Score

Related Credit Scores

806  808  810  812  815  820  822  830  840  844

References:

  1. 818 Credit Score: Is it Good or Bad? | Experian
  2. 818 Credit Score | WalletHub