Answered: What percentage of the population has a credit score over 800? | Join the Discussion Now (2024)

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Answered: What percentage of the population has a credit score over 800? | Join the Discussion Now? ›

About 21% of the American population has a FICO® Score between 800-850, according to 2022 Experian® data. This is the highest range in the FICO credit score categories, also known as an “exceptional” or “excellent” credit score. People with exceptional credit are known to be great at credit management.

How many Americans have an 850 credit score? Only 1.31% of Americans with a FICO® Score have a perfect 850 credit score. While a score this high is rare among any demographic, older generations are more likely to have perfect credit. Baby boomers make up a whopping 59.4% of the people with an 850 credit score.

A 790 FICO^® Score is above the average credit score. Borrowers with scores in the Very Good range typically qualify for lenders' better interest rates and product offers. 25% of all consumers have FICO^® Scores in the Very Good range.

An 800 credit score shows lenders you are an exceptional borrower. You may qualify for better mortgage and auto loan terms with a high credit score. You may also qualify for credit cards with better rewards and perks, such as access to airport lounges and free hotel breakfasts.

How many people have a credit score over 800? Earning an 800 FICO® Score means that you are well above the national average and have a FICO Score that most lenders would consider to be exceptional. In the United States, 23% of consumers have a FICO® Score that is 800 or higher.

21% of all consumers have FICO^® Scores in the Exceptional range.

Just getting your credit score over 800, officially an excellent credit score, gives you the same advantages and benefits that come with a perfect credit score. Experian reports that 21 percent of all consumers have achieved excellent credit, compared to just 1.6 percent with a perfect 850 credit score.

How many people have a 900 credit score? ›

A credit score of 900 is not possible, but older scoring models that are no longer used once went up to 900 or higher. The highest possible credit score you can get now is 850.

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data.

Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 770 FICO^® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders. 25% of all consumers have FICO^® Scores in the Very Good range.

FICO uses consumer credit data to generate three-digit credit scores, ranging from 300 to 850, with 850 being the best possible score. Since 2021, the average FICO® Score has been 716, with fewer than 1 in 4 Americans carrying a score of 800 or more.

An 800 credit score or higher can help you get approved for larger loans with more favorable terms and lower interest rates. But only 21% of people with a FICO credit score have an 800 or above, according to a FICO report. Though it's possible to get a perfect credit score, perfect isn't permanent in this case.

More than 40 million American consumers have 800 or better credit scores. Only 12 million are millionaires. And all you gotta do to join the 800 Club is pay every bill, every month on time and be ultra, ultra conservative about using a credit card for spending.

Membership in the 800+ credit score club is quite exclusive, with fewer than 1 in 6 people boasting a score that high, according to WalletHub data.

Although a lot of people might like the idea of a perfect credit score, they'd likely have a hard time actually achieving it. In the U.S., only about 1.7 percent of the scorable population had a perfect 850 FICO credit score in April 2023, according to FICO data.

Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

It's exceedingly rare for anyone to have a credit score over 900, as most credit scoring models have a maximum limit of 850, and even achieving that score is uncommon.