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

An 844 credit score is typically labeled as “excellent” credit according to most credit scoring models.

Consumers with an exceptional credit score like 844 will usually have a pristine payment history and a low credit utilization ratio, and they will be responsible for paying off their debts on time or even early. 

If you have a good credit score, like 844, you’ll definitely want to protect that score. Keep reading to learn different ways you can protect and maintain this better-than-average credit score. 

Key Takeaways for an 844 Credit Score

Overview of Your
Credit Rating

844 is an almost perfect credit score. It’s just 6 points away from 850, which is the highest possible credit score!

Borrowing Options With an 844 Credit Score

Borrowers with excellent credit pretty much have their pick of lending products, usually with great rates and terms.

Improving an 844
Credit/FICO Score

Consumers can maintain this amazing credit score by continuing to make payments on time, watching their credit utilization, and avoiding bad debts.

Is an 844 Credit Score Good?

Definitely! In fact, 844 is almost a perfect credit score! 844 is part of the highest credit ranking tier, including all scores between 800 and 850. It isn’t easy achieving a higher credit score like 844, so if this is your score, congratulations!

What Can You Get Approved for With an  844 Credit Score?

With a great credit history, you’ll most likely have your pick of the crop when it comes to getting a loan. Below is more information on some common types of funding. 

Personal Loan

A personal loan is a common type of funding consumers can use for a wide variety of expenses. Borrowers can access personal loans from most banks, credit unions, and direct lenders. Loan terms, rates, and funding amounts for unsecured installment loans are usually determined by the borrower’s credit history and credit score. So, with a good credit score of 844 you should be able to get a good deal. 

Also, personal installment loans usually come with fixed rates, which means your monthly payments should stay the same while you repay your balance. 

Credit Cards

Instead of using an installment loan to pay your expenses, you can also use revolving credit card accounts. Also, since credit card issuers favor borrowers with high credit scores, you should be able to access a great credit limit and interest rates with an 844 score. 

However, make sure to pay off your full balance regularly to avoid accumulating credit card debt. 

Car Loans

Car loans, or auto loans, are a type of secured loan used to buy a car. Borrowers can get an auto loan from dealerships, banks, credit unions, or other private lenders

Home Equity Loans 

Homeowners can use their property as collateral for home equity loans or home equity lines of credit. Since the equity in most homes is usually quite high, this type of funding usually comes in higher loan amounts. A study done by the Mortgage Bankers Association reports that originations of home equity loans and home equity lines of credit increased by 50% between 2020 and 2022.1 

Products to Help Maintain an 844 Credit Score

Below are some products and tools that can help you maintain your average credit score. 

Credit Report Monitoring

All three major credit bureaus, TransUnion, Equifax, and Experian, offer credit report monitoring services, but you can also use independent companies. Some popular services that can help keep an eye on your credit reports include: 

  • IdentityForce
  • Identity Guard 
  • PrivacyGuard
  • LifeLock

Personal Emergency Fund

A savings account or personal emergency fund can be a great safety net should you run into unexpected expenses or a financial emergency. That way, you can manage your finances without turning to a potentially risky form of funding like payday loans

Below is more information about the different types of savings accounts:

Type of Account

Interest Rate

Accessibility

Risk

Minimum Balance

Fees

Traditional Savings Account

Low (0.01% – 0.1%)

High

Very low

Usually low

May have monthly fees

High-Yield Savings Account

Higher (0.5% – 1.5%)

High

Very low

May be higher

Often no monthly fees

Money Market Account

Moderate (0.2% – 1.0%)

High

Low

Higher

May have monthly fees

Certificate of Deposit (CD)

Higher (1% – 3%)

Low (penalty for early withdrawal)

Low

Varies, often higher

None (fixed term)

Online Savings Account

Higher (0.5% – 1.5%)

High

Very low

Low or none

Rarely any fees

Disclaimer: The information in the above table is for general informational purposes only and does not constitute financial advice; rates and terms may vary, so please check with financial institutions for current details and offers.

Benefits of an 844 Credit Score

Some benefits of having an excellent credit score like 844 include: 

  • Low interest rates 
  • Higher loan amounts and credit limits
  • Faster approval on rentals (usually without a cosigner)
  • Better loan offers 
  • Competitive credit card offers
  • Lower premiums on insurance

How to Maintain Your 844 Score

Some tips that can help consumers maintain their exceptional credit scores are: 

  • Stay on top of your payments to maintain a pristine payment history.
  • Avoid unnecessary debts like payday loans or other quick cash loans.
  • Keep a low credit utilization (no higher than 30%)
  • Keep old credit accounts open, even if you don’t use them regularly.
  • Check your credit report regularly and dispute inaccurate information ASAP.

You can also consider diversifying your credit mix with investments like stocks or bonds! 

FAQs About 844 Credit Scores

With an 844 credit score, you will likely receive the most competitive leasing or financing terms for high-end vehicles. Dealerships view this score as indicative of financial reliability, potentially offering you lower down payments and reduced interest rates.

Yes, an 844 credit score significantly enhances your chances of qualifying for premium credit cards, which often include benefits like large sign-up bonuses, extensive travel perks, and superior cashback rates. Card issuers see high scores as a sign of low risk, which may lead them to offer you cards with the best rewards.

A higher credit score like 844 can facilitate access to advanced investment tools and platforms, including margin accounts and private wealth management services. Financial institutions often reserve these services for clients with exemplary credit histories, offering better terms and more personalized investment advice.

What Interest Rate Can I Get With an 844 Credit Score?

Borrowers with an average credit score of 844 can expect some of the most favorable interest rates available. They may also be able to utilize their great scores to negotiate a better deal from one lender by using an offer they received from another! 

Can I Buy a House With an 844 Credit Score?

A mortgage isn’t like a typical loan. It usually involves a very long process that can take months, no matter how good your credit score is. According to the National Association of Realtors, all 50 states have a mortgage approval rate above 50%.2 The good news is that with a higher credit score like 844, you are exactly the type of borrower mortgage lenders like to work with. But, while you’ll have a higher chance of approval, you should still shop around and compare offers to find the best deal.

Top 5 Resources for an 844 Credit Score

Related Credit Scores

818  820  822  830  840  844  850  300  315  350  370