750 Credit Score: Is it Good or Bad?

A credit score of 750 is considered strong in India, indicating that you have a solid credit history and responsible financial behaviour. This score can open up a range of credit options, often with favourable terms, and is viewed positively by most lenders.

A credit score of 750 is generally considered good by most Indian credit bureaus, though interpretation for each of them can vary. Here is a table showing where a credit score at 750 stands across the primary credit bureaus in India in 2024:

Having a CIBIL score of 750 means you can manage your credits well enough for the lender to trust you. This unlocks several benefits for you when applying for a loan or a credit card:

• You get access to quick and easy approvals on credit card and loan applications

• You are offered lower interest rates on loans, saving on overall borrowing costs

• You get higher credit card limits

• You can get several attractive offers

• The terms and conditions are a bit lenient than the other applicants with credit scores under 750

• You also get exclusive offers including rewards and benefits cards, and other credit products

Although a CIBIl score 750 is generally considered as a safe score, you can still try to improve it with consistent efforts, such as:

• Keep Credit Utilisation (CU) Ratio Low

Aim to use less than 30% of your total credit limit to maintain a positive impact on your score

• Avoid Multiple Loan Applications

Too many new credit applications can signal financial distress, hence limit new credit inquiries

• Make Payments on Time

Consistently pay all your dues before their deadlines to keep up your creditworthiness

• Maintain a Balanced Credit Mix

Using a mix of credit products (like loans and credit cards) shows diversified credit management

• Monitor Your Credit Report Regularly

Checking your report helps catch any errors or fraudulent activities that could affect your score

A 750 CIBIL score is a valuable asset, reflecting a reliable credit profile that qualifies you for competitive loan and credit terms. With consistent credit management, this score can be maintained and even improved further for increased financial flexibility.