Is 747 a good credit score?

I am 21 years old, making payments on a car and have 2 credit cards which I make regular payments on. Is this a good score? What can I do to get it higher?

Public Comments

1. It's a good score, but people get too caught up in that number. There is a lot more to your credit than your FICO score.
2. That's a really nice score for a young man. Keep doing what your doing.
3. hi! i thinks it is a good score! best of luck!!
4. Yes! To get it higher, Try and pay off one of your cards. But still keep it active.
5. That is a great score keep it up. Make sure your credit card balances stay under 50% of you total credit limit. For example $1000 credit limit, keep your balance under $500.
6. 747 is a great score. However, a score of 760+ is considered top tier by most lenders. This makes you eligible for the best interest rates. Here's some things to keep in mind: new credit requests pull down you score. Accounts needs to be 1 year old or longer to not hurt your score. Watch your total credit card utilization; 10% utilization of the total of all your credit card accounts (or less) is optimum in the eyes of credit reporting agencies. Every six months I would request a credit limit increase on your credit cards, as this will help lower your utilization. However, don't be fooled into thinking that you must charge up to the max and then pay it off. Just use the cards and pay them off each month and this is seen as optimum use. Don't close accounts, just put the cards you don't need in the "sock drawer". Also, don't get enamored by your credit score at such a young age. The thing that helps your score the most is length of time you have had a credit account. I'm talking about 10+ years before you're seen as a top tier credit holder. With that in mind, I'd probably research and find another credit card that requires great credit (you have it), one that gives you some type of reward. One year from now you will have three credit card accounts with a higher total credit limit, and this will then pull your score higher. If you carry a balance, you can do a balance transfer for 3.9% interest or better. If not, you could probably get a rate of 7-9% for new purchases. I repeat from above, though, make every effort to pay off the balance each month. You will live a less stressful life if you do so.