740 Credit Score: Is It Good or Bad?

A 740 score falls into the excellent range. You can get among the very best rates on credit cards and loans.
Amrita Jayakumar
By Amrita Jayakumar 
Edited by Kathy Hinson

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A 740 credit score is considered to lie within the excellent range of scores. Lenders look at your credit score to see if you qualify for financial products like credit cards and loans and to determine your interest rate.

Credit scoring company FICO doesn't break down how many people had a score of 740.

This is how your 740 credit score can affect your financial life.

You can get the best rates on financial products

A 740 credit score means you will typically qualify for most financial products and get low rates.

If you are still pretty new to credit, however, that may not be the case. Lenders also consider how long you’ve had credit and how much debt you carry.

Learn more about the factors that influence your score, so you know what matters most in maintaining your access to the best credit products.

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Ways to protect your 740 credit score

Your score is high because you already follow excellent credit habits. The following tips will help you maintain your score and maybe even take it higher, especially if you like the challenge of going for 850, the highest credit score on most scales.

  • Consider setting up automatic payments. A single late payment can knock as much as 100 points off your score. If you don’t use automatic payments, consider setting them up to avoid the risk of missing a payment and wrecking your score.

  • Keep an eye on credit utilization. Use less of your credit limits because that is an important factor in your score. You can make multiple payments throughout a single billing cycle to keep utilization consistently low. Ideally, below 30% is good across your credit cards, and the lower, the better for your score.

  • Watch for errors on your credit reports. Mistakes on credit reports are common and they can prevent your score from going higher. Until April 20, 2022, you have weekly access to credit reports at all three credit bureaus. Dispute any errors you find with the bureaus.

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