People with higher credit scores tend to qualify for better interest rates on borrowed money, have access to the best credit cards, and can even pay less for insurance. Youll also have an easier time applying for an apartment rental.
With so much riding on your credit score, it can be useful to see where you stand compared to others like you, whether it be where you live or how old you are. Here is the average credit score broken down across generations, state, and years.
Having a good credit score is important for getting approved for loans and credit cards with favorable interest rates. The FICO score, developed by the Fair Isaac Corporation, is one of the most widely used credit scoring models in the United States. The FICO score ranges from 300 to 850 – so where does a 769 score fall? Is 769 considered an excellent FICO score? Let’s take a closer look.
What is a Good FICO Credit Score?
In general, FICO scores above 700 are considered good to excellent credit scores, while scores below 580 are considered poor. Here is a breakdown of the FICO credit score ranges:
- 800-850 – Exceptional
- 740-799 – Very Good
- 670-739 – Good
- 580-669 – Fair
- 300-579 – Very Poor
So with a score of 769, you are firmly in the “very good” credit score range. In fact, a 769 FICO is an excellent score that positions you well to qualify for the best loan terms from lenders.
Only 25% of consumers have FICO scores of 769 or higher. So you are doing better than 75% of the population if your score is 769!
Key Credit Score Factors
The FICO scoring model takes into account five main factors from your credit report to calculate your score:
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Payment history – 35% of your score. This looks at your track record of on-time bill payments.
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Amounts owed – 30% of your score. Also called credit utilization ratio, this looks at how much credit you are using compared to your total available credit limits.
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Length of credit history – 15% of your score. The longer your credit history, the better.
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New credit – 10% of your score Applying for a lot of new credit accounts in a short period can lower your score.
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Credit mix – 10% of your score. Having different types of credit (credit cards, loans, mortgages) can help your score.
Since a 769 FICO is in the very good range, it likely means you have a long credit history, low balances compared to credit limits, no missed payments, and a healthy mix of credit. Maintaining these good credit habits will help keep your score high.
Benefits of a 769 FICO Score
A 769 credit score qualifies you for the best lending offers, including:
- Low interest rates on mortgages, auto loans and personal loans
- Higher credit limits and lower interest rates on new credit cards
- Approval for premium travel rewards credit cards with lucrative signup bonuses
- No security deposit required for utilities and cell phone service
- Better rates on insurance policies
Lenders view borrowers with scores in the very good range as lower risk, since they have demonstrated responsible credit management. As such, a 769 FICO score allows you to qualify for loans and credit cards with the most favorable terms.
How to Maintain or Improve Your 769 Score
While a 769 credit score is excellent, here are some tips to maintain or potentially improve your score even more:
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Keep credit card balances low. Experts recommend keeping credit utilization below 30%. The lower, the better for your score.
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Pay all bills on time. Payment history has a major impact on your score. Set up autopay to avoid missed payments.
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Limit new credit applications. Too many new accounts can lower your score temporarily. Apply selectively for new credit only when needed.
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Monitor your credit report. Dispute any errors with the credit bureaus to keep your report accurate.
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Don’t close old accounts. Having long-standing credit accounts boosts your score. Keep old accounts open and active.
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Ask for credit limit increases. Higher credit limits help lower your utilization ratio. Just don’t spend more as a result.
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Diversify your credit. Having credit cards, installment loans and a mortgage can help boost your score.
By continuing these positive credit habits, you can maintain excellent credit health and scores of 769 or higher for years to come. A 769 FICO is an achievement to be proud of!
How a 769 Score Compares to Other Generations
It’s interesting to look at how a 769 credit score compares across different generations:
| Generation | % with 750-850 Scores |
|---|---|
| Gen Z | 15.4% |
| Millennials | 24.4% |
| Gen X | 26.1% |
| Baby Boomers | 44.1% |
| Silent Generation | 58.7% |
The older generations of Baby Boomers and the Silent Generation have the highest percentages of consumers with FICO scores in the top “very good” and “exceptional” ranges.
The average age of credit accounts also increases steadily with higher credit scores:
| FICO Score Range | Average Age of Credit Accounts |
|---|---|
| 300-639 | 2.4 years |
| 640-699 | 3.6 years |
| 700-749 | 4 years |
| 750-850 | 7.5 years |
This data demonstrates that length of credit history is a key factor in achieving higher scores. Older consumers who have had decades to build their credit have an advantage.
But the good news is, with responsible credit habits, consumers of any age can achieve excellent scores like 769 in just a few years of smart money management.
How a 769 Compares to the Average American
The average FICO score in America is currently 714. So a 769 score is 55 points above the national average, firmly in the “very good” credit category.
Only 25% of consumers have a 769 score or higher. And the top 25% of scorers have access to the very best interest rates from lenders.
The average American also has:
- 5 credit cards
- A total credit card balance of $6,288
- 2 installment loan accounts
- Mortgage debt of $225,565
Compared to the average American, someone with a 769 FICO likely has:
- Low revolving credit card balances
- Little or no installment loan debt
- Excellent payment history
- Long credit history spanning many years
A 769 is certainly well above what most Americans can claim. But with diligent credit management, more consumers could achieve very good FICO scores.
Is 769 a Perfect Credit Score?
While a 769 FICO score is excellent, it is not considered perfect. The maximum FICO score is 850 – so there is still room for improvement to achieve “perfect” credit.
However, only 1% of Americans have credit scores in the “exceptional” range of 800-850. And for most lending purposes, consumers with “very good” scores in the 740-799 range pay the lowest rates on loans.
Reaching perfection is admirable. But a 769 score already qualifies you for the optimal rates on mortgages, auto loans, credit cards and other lending products.
Summary
A 769 FICO credit score is firmly in the “very good” range and is better than 75% of consumers. It qualifies you for excellent loan terms and access to premium credit cards.
While not technically perfect, a 769 gets you the lowest rates. With responsible credit habits, this score can be maintained long-term. An excellent 769 FICO score demonstrates years of smart credit management.
What is the average credit score?
The average FICO credit score in the US is 717, according to the latest FICO data. The average VantageScore is 701 as of February 2025.
Credit scores, which are like a grade for your borrowing history, fall in the range of 300 to 850. The higher your score, the better.
The FICO model of credit scoring puts credit scores into six categories:
- Very poor: 300-579
- Poor: 580-600
- Fair: 601-660
- Good: 670-739
- Very good: 740-799
- Exceptional: 800-850
Based on this scoring system, the average American has a good credit score. But, average credit scores varies by location and age.
How are credit scores used?
Credit scores are calculated using information about your borrowing, like your credit utilization ratio, the number and types of accounts you have open, and your repayment history. All of that information is drawn from your credit report, which has a detailed borrowing history.
Everyone has credit scores based on data gathered by the three major credit bureaus: Experian, Equifax, and TransUnion. There are two main credit scoring algorithms, known as FICO and VantageScore. While each one uses a slightly different calculation, your scores should generally be within a similar range.
Credit scores are used to determine approval for financial products like mortgages, credit cards, and personal loans. Interest rates and loan terms will be assessed based on your credit score and payment history. Credit scores are even used for apartment rentals, car insurance, and, in some cases, employment.
Keeping track of these scores is crucial if you want to build credit. You should never be paying to view your credit score. You can usually access your scores for free through your lender or financial institution. You can also access your credit score free online from sites like Credit Karma.
Its a good idea to check your credit report regularly, too. You can get three annual reports, one from each credit bureau, which you can access through AnnualCreditReport.com. Its not uncommon for a report to contain an error affecting your score, but its up to you to find any such error. If you do find one, you can dispute your credit report with the agency.
Is 769 Credit Score Good? – CreditGuide360.com
FAQ
What is considered an excellent FICO credit score?
How good of a credit score is 769?
Your score falls within the range of scores, from 740 to 799, that is considered Very Good. A 769 FICO® Score is above the average credit score. Consumers in this range may qualify for better interest rates from lenders.
How hard is it to get an 800 FICO score?
According to FICO, about 21.8% of the consumers have a score over 800. So, it is not that rare.
How common is a 700 credit score?
Is 769 a good credit score?
In fact, 769 is classified as “excellent credit,” and having a credit score this high should qualify you for good terms on most loans, credit cards and other lines of credit. Credit Rating: 769 is an excellent credit score, which is even better than a good score. Many people consider excellent credit to be a score of 720+.
What does a FICO ® score of 769 mean?
A FICO ® Score of 769 is considered above average and falls in the Very Good range. Approximately 25% of all consumers have FICO ® Scores in this range. Consumers with Very Good FICO ® Scores, like a 769, are likely to qualify for better interest rates from lenders.
Do people with a 769 credit score pay their bills on time?
People with a credit score of 769 typically have late payments on just 22% of their credit reports. They are considered to have a Very Good credit score, making them attractive customers to banks and credit card issuers who offer better-than-average lending terms.
What is the average utilization rate for a 769 credit score?
The average credit utilization rate for consumers with a 769 FICO ® credit score is 23.7%. To determine how to improve your credit score, check your FICO ® Score and you’ll receive information about ways to boost your score based on specific information in your credit file.
Can you get a car loan with a 769 credit score?
If you’re planning big-ticket purchases or a balance transfer that will take months to pay down, compare credit cards with 0% introductory APR offers. You should be able to get approved for a decent car loan with a 769 credit score, considering that roughly 80% of all auto loans go to people with credit scores below 780.
What is a good FICO score?
A FICO ® Score of 769 is considered good. Approximately 1% of consumers with good FICO ® Scores are likely to become seriously delinquent in the future. This score is above the average credit score of 714, but there’s still some room for improvement.