Your 810 FICO® ScoreΠfalls 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.
Less than 1% of consumers with Exceptional FICO® Scores are likely to become seriously delinquent in the future.
Having a credit score over 810 puts you in rarefied air. Very few people can claim to have a score this high. In fact only around 15% of the population has a credit score in the “exceptional” range of 800 or above. So how exclusive is the 810 credit score club? Let’s take a closer look at the stats.
Why 810 Credit Scores Are Rare
A credit score is a three-digit number that lenders use to evaluate your creditworthiness The most commonly used credit scoring model is the FICO score, which ranges from 300 to 850 The higher your score, the lower risk you pose to lenders.
FICO considers a score of 800 or above to be “exceptional” This means borrowers with scores in this range should have access to the best rates and terms on loans and credit cards. However, reaching this rarefied territory is no easy feat Maintaining flawless credit takes years of diligent financial management.
Specifically, a FICO score of 810 is near the very top of the credit spectrum. It indicates you have a lengthy and blemish-free credit history. Factors that help achieve an 810 score include:
- No missed payments or other derogatory marks on your credit reports
- Low credit utilization rate
- Long average age of credit accounts
- Mix of credit types (mortgage, auto loan, credit cards, etc.)
Essentially, an 810 score means you are about as low-risk as it gets for lenders. But with FICO scores ranging up to 850, having an 810 doesn’t necessarily guarantee you the very best terms. You’re in excellent shape either way.
The Population with Credit Scores Above 810
The latest data indicates that only around 15.4% of the U.S. population has a credit score of 800 or higher. This figure comes from Fair Isaac Corporation (FICO), the company behind FICO credit scores.
Breaking it down further:
- 21.9% of consumers have “very good” credit scores between 740 and 799
- 21.6% have “good” scores between 670 and 739
- 15.8% have “fair” scores between 580 and 669
- 12.6% have “very poor” scores between 300 and 579
So where do those with 810 scores fall in this distribution? Well, considering 800 to 850 is the top range, no more than 15.4% of people can have an 810 score or above. The latest FICO data shows the median score in this range is 817.
In other words, just a small segment of the population reaches this credit score echelon. These consumers exhibit long-term financial habits that support perfect or near perfect credit.
Exceptional Credit Scores by Age Group
FICO data also shows trends in exceptional credit scores across different age groups:
- 15.4% of Gen Z (18 to 25) has a score between 750 and 850
- 24.4% of Millennials (26 to 41) are in this credit score range
- 26.1% of Gen X (42 to 57) have 750+ credit scores
- 44.1% of Baby Boomers (58 to 76) reach the top tier
- 58.7% of the Silent Generation (77+) are in the 750 to 850 range
Clearly, older generations are most likely to have exceptional credit. This matches expectations, since length of credit history is a key factor in FICO’s scoring formula. The oldest consumers simply have had more time to build stellar long-term financial habits.
Still, the percentages of younger generations with 750+ scores is noteworthy. Over 15% of Gen Z reaching this high credit stratosphere is fairly impressive given their relative lack of credit experience compared to older groups.
Geographical Differences in Exceptional Credit
The prevalence of exceptional credit also varies significantly by state:
- Minnesota: 32.4% of residents have credit scores above 800
- Wisconsin: 32.2%
- New Hampshire: 31.1%
- North Dakota: 29.9%
- Vermont: 28.7%
On the other end of the spectrum:
- Mississippi: 14.2%
- Louisiana: 14.6%
- Texas: 14.9%
- Alabama: 15.1%
- Arkansas: 15.2%
The plains and northeastern states boast much higher percentages of consumers with 800+ scores compared to the southeast. This indicates exceptional credit is more common in certain geographical areas.
The Benefits of an 810 Credit Score
What are the concrete benefits of reaching this top tier of credit scores? With an 810 score, you can expect:
- Easy approval for new credit cards and loans
- Lower interest rates on mortgages, auto loans, and other financing
- Access to top rewards credit cards and sign-up bonuses
- No security deposits required for utilities, cell phone plans, etc.
- Higher credit limits on credit cards and lines of credit
Essentially, an 810 score unlocks the most favorable lending terms and gives you financial flexibility. Maintaining this high score over time saves you money through lower interest costs.
How to Join the 810 Credit Score Club
If you don’t have an 810 credit score, you can get there with diligent effort over time. Here are some tips:
- Always pay bills on time – this has the biggest impact on scores
- Keep credit card balances low
- Be prudent about applying for new credit
- Have a good mix of installment loans and credit cards
- Don’t close your oldest credit accounts
- Check your credit reports regularly and dispute any errors
- Sign up for credit monitoring to catch issues early
Reaching an 810 FICO score takes years of smart credit management. But with perseverance, it’s an achievable goal that provides huge benefits.
The Takeaway
A credit score over 810 puts you in an elite group. No more than 15% of consumers reach this exceptional tier. Scores this high signify flawless long-term credit management.
While anyone can work toward an 810 credit score, certain groups like Baby Boomers and residents of the Midwest currently have much higher odds. Regardless of where you live or your age, an 810 FICO score unlocks the most favorable lending terms. But it takes diligence and good financial habits over many years to join this exclusive credit score club.
Monitor and manage your Exceptional credit score
A FICO® Score of 810 is an accomplishment built up over time. It takes discipline and consistency to build up an Exceptional credit score. Additional care and attention can help you keep hang on to it.
Whether instinctively or on purpose, youre doing a remarkable job navigating the factors that determine credit scores:
Utilization rate on revolving credit. Utilization, or usage rate, is a measure of how close you are to âmaxing outâ credit card accounts. You can calculate it for each of your credit card accounts by dividing the outstanding balance by the cards borrowing limit, and then multiplying by 100 to get a percentage. You can also figure your total utilization rate by dividing the sum of all your card balances by the sum of all their spending limits (including the limits on cards with no outstanding balances).
| Balance | Spending limit | Utilization rate (%) | |
|---|---|---|---|
| MasterCard | $1,200 | $4,000 | 30% |
| VISA | $1,000 | $6,000 | 17% |
| American Express | $3,000 | $10,000 | 30% |
| Total | $5,200 | $20,000 | 26% |
If you keep your utilization rates at or below 30%â on all accounts in total and on each individual accountâmost experts agree youll avoid lowering your credit scores. Letting utilization creep higher will depress your score, and approaching 100% can seriously drive down your credit score. Utilization rate is responsible for nearly one-third (30%) of your credit score.
Late and missed payments matter a lot. If late or missed payments played a major part in your credit history, you wouldnt have an Exceptional credit score. But keep on mind that no single factor helps your credit score more significantly than prompt payment behavior, and few things can torpedo a near-perfect score quicker than missing a payment.
Time is on your side. Length of credit history is responsible for as much as 15% of your credit score.If all other score influences hold constant, a longer credit history will yield a higher credit score than a shorter one.
Credit applications and new credit accounts typically have short-term negative effects on your credit score. When you apply for new credit or take on additional debt, credit-scoring systems flag you as being at greater risk of being able to pay your bills. Credit scores drop a small amount when that happens, but typically rebound within a few months, as long as you keep up with all your payments. New credit activity can contribute up to 10% of your overall credit score.
Debt composition. The FICO® credit scoring system tends to favor multiple credit accounts, with a mix of revolving credit (accounts such as credit cards that enable you to borrow against a spending limit and make monthly payments of varying amounts) and installment loans (e.g., car loans, mortgages and student loans, with set monthly payments and fixed payback periods). Credit mix is responsible for about 10% of your credit score.
When public records appear on your credit report they can have severe negative impacts on your credit score. Entries such as bankruptcies do not appear in every credit report, so they cannot be compared to other credit-score influences in percentage terms, but they can overshadow all other factors and severely lower your credit score.
Protect your Exceptional credit score
People with Exceptional credit scores can be prime targets for identity theft, one of the fastest-growing criminal activities.
A credit score monitoring service is like a home security system for your score. It can alert you if your score starts to slip and, if it starts to dip below the Exceptional range of 800-850, you can act quickly to try to help it recover.
An identity theft protection service can alert you if there is suspicious activity detected on your credit report, so you can react before fraudulent activity threatens your Exceptional FICO® Score.
What Goes Into Your Credit Score?
FAQ
What is the average utilization rate for a credit score of 810?
Among consumers with FICO ® credit scores of 810, the average utilization rate is 7.7%. The best way to determine how to improve your credit score is to check your FICO ® Score. Along with your score, you’ll receive a report that uses specific information in your credit report that indicates why your score isn’t even higher.
What is a 810 FICO ® score?
Your 810 FICO ® Score ☉ 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.
Is 810 a good credit score?
Credit Rating: 810 is an excellent credit score, which is even better than a good score. You can even classify an 810 credit score as being perfect. Borrowing Options: All borrowing options are available, and the terms are likely to be very attractive. For example, you should be able to qualify for the best credit cards and the best personal loans.
What percentage of Americans have a good credit score?
Only 1.3% of Americans have the best possible credit score of 850. Nearly 1 in 3 U.S. consumers have subprime credit. 9.68% of the U.S adult population is “credit invisible”. 34% of credit reports contain errors. Credit report disputes are at an all-time high. The average FICO score in the US in 2022 was 714, unchanged from the previous year. ✓
What are the best personal loans for an 810 credit score?
The best personal loans for an 810 credit score are from SoFi, LightStream and Discover. Since a credit score of 810 is in the excellent credit range, people with this score should have great odds of qualifying for nearly any personal loan on the market, including those with a low APR and no origination fee.
What is the average credit score?
The average credit score is 715. Older Americans have higher average credit scores. The average credit score for baby boomers is 746, while the average credit score for millennials is 691. 24% of Americans have an “exceptional” credit score of 800 or above.