At Upstart, we believe you’re more than your credit score. Your credit score is simply a number based on the information in your credit report, and doesn’t consider anything else. Having said that, it can still be a great idea to know what your credit score is and what it could mean to you.
While there is no universal definition of an “excellent” credit score, virtually all lenders would consider your 847 FICO Score to be in that category. Here’s a rundown of what this credit score means to you, different types of lenders, and how to make sure your 847 credit score stays in the top tier for years to come.
A FICO score of 847 is considered exceptional and one of the highest credit scores a consumer can achieve. But what exactly does it mean to have a FICO score this high? Is a 847 FICO score really that good?
In this comprehensive guide, we’ll cover everything you need to know about a 847 credit score, including:
- What a credit score of 847 means
- Why a 847 FICO score is so good
- How to get an 847 credit score
- How a 847 credit score impacts loans and credit cards
- Tips for maintaining a 847 credit score
What Does a 847 FICO Score Mean?
FICO scores range from 300 to 850. The average FICO score in the US is around 714. So a score of 847 puts someone in the top tier of credit scores.
According to Experian, only 21% of consumers have FICO scores in the “Exceptional” range of 800-850. And less than 1% of people with scores this high become seriously delinquent on loans or other debt obligations.
So a FICO score of 847 indicates the consumer has exceptional credit management skills and poses very little risk to lenders It’s about as close to perfect credit as you can get
Why is a 847 FICO Score So Good?
There are several key reasons why a 847 FICO score is considered so good
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Low Credit Risk – A 847 score tells lenders the consumer is highly trustworthy and responsible with debt. This makes them an extremely low credit risk.
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Great Rates & Terms – A 847 score qualifies you for the very best rates and loan terms from lenders. For mortgages credit cards, auto loans and more.
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Easy Approval – With a 847 credit score, you’re practically guaranteed easy approval for new credit and loans. Lenders love doing business with super prime borrowers.
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Access to Top Rewards – Excellent scores also open up the most lucrative credit card and loyalty program rewards and perks.
So in a nutshell, a 847 credit score puts you in an elite group of borrowers who will have their pick of the very best credit products and service.
How to Get a 847 Credit Score
Achieving a 847 FICO score takes years of exceptional credit management. There’s no quick fix or hack. But here are some tips to reach and maintain scores in this range:
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Perfect payment history – Never miss a payment deadline. Set up autopay to avoid slip-ups.
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Ultra-low credit utilization – Keep balances very low, under 10% of limits. Pay in full each month.
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Long credit history – Let your accounts age and refrain from closing old ones. Time builds scores.
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Limited new accounts – Apply for new credit sparingly, spacing out applications. Too many dings scores.
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Diverse healthy mix – Have at least one installment loan and a few credit cards. Mix boosts scores.
It takes diligence and patience, but with smart credit habits, a 847 score is within reach. Monitor your reports and scores to identify areas for improvement.
How a 847 Credit Score Affects Loans & Credit Cards
A FICO score of 847 will qualify you for the very best loan terms and credit card offers available. Here’s a look at how it impacts some common credit products:
Mortgages
- Qualifies for lowest advertised rates from lenders
- Often 0.5% or more lower than rates for “good” credit scores
- Savings of $10,000+ over a 30-year mortgage
Auto Loans
- Pre-approves for top tier rates from lenders
- Usually 3-5% lower than average rates
- Can save $1000s over the loan term
Credit Cards
- Approved for premium travel and rewards cards
- Higher limits and top perks like lounge access
- Ideal for balance transfer and 0% APR offers
In most cases, a 847 FICO score either guarantees the best rates or comes quite close. You’ll have your choice of competitive offers from lenders.
Maintaining a 847 Credit Score
Once you hit a 847 credit score, you’ve entered rarefied air. But there are some smart steps you can take to keep your score at its peak:
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Review credit reports regularly for errors or suspicious activity. Dispute any inaccuracies. Sign up for monitoring if identity theft is a concern.
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Keep balances very low on credit cards and other revolving credit. High utilization can tank scores fast.
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Be selective about applying for new credit. Space out applications by 6+ months to avoid excessive score-lowering hard inquiries.
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Let accounts age. Having long, established credit histories signals lower risk and boosts scores.
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Set up autopay and alerts to avoid ever missing payments and damaging your perfect history.
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Maintain a diverse mix of credit by keeping old accounts open and occasionally applying for new ones.
With diligence and smart credit habits, a 847 FICO score can be maintained for years to come. Monitor your profile and pounce on issues early. Your credit score should improve gradually over time.
The Bottom Line
A FICO credit score of 847 is exceptional. It offers access to the very best rates and terms from lenders. Approvals for credit are virtually guaranteed. And you can qualify for the top tier of rewards credit cards and programs.
Reaching this credit score plateau takes years of flawless payment history, very low balances, and letting accounts age over time. With ongoing monitoring and smart credit moves, you can sustain an elite 847 score and enjoy the many perks and advantages that come with it.
Getting a credit card or personal loan with an 847 credit score
Most credit card issuers don’t have a formal “minimum” credit score they’ll accept, and most that do have a cutoff don’t make it public. However, an exceptional credit score of 847 should qualify you for pretty much every credit card offer. This also depends on meeting the credit card issuer’s other requirements—for example, some won’t open a new credit card if you’ve applied for too many other credit cards recently, regardless of your score.
To qualify for a personal loan, you don’t need such a high credit score, but it can certainly help you access a lender’s best rates and loan origination fees.
Keep paying your bills on time
If you have an 847 credit score, there’s a good chance that you don’t even have a single late payment on your credit report. Maintaining a flawless payment history on every credit account you have is the single most important factor in maintaining your elite credit score. Setting up automatic payments on your loan accounts can help you achieve this.
This Is What Your FICO Score REALLY Means
FAQ
What can you do with a 847 credit score?
Getting a credit card or personal loan with an 847 credit score. Most credit card issuers don’t have a formal “minimum” credit score they’ll accept, and most that do have a cutoff don’t make it public. However, an exceptional credit score of 847 should qualify you for pretty much every credit card offer.
How many people have a FICO score of 847?
Your 847 FICO® ScoreΘ falls in the range of scores, from 800 to 850, that is categorized as Exceptional. Your FICO® Score is well above the average credit score, and you are likely to receive easy approvals when applying for new credit. 21% of all consumers have FICO® Scores in the Exceptional range.
Does anyone have a 900 credit score?
Does anyone get an 850 FICO score?
Is It Possible to Get an 850 Credit Score? Yes. An Experian study found that as of 2023, 1.54% of all credit-holding Americans had a FICO score of 850.May 2, 2025