798 Credit Score: Is it Good or Bad

A 798 credit score is considered excellent and places you among the most creditworthy individuals. It reflects a strong history of timely repayments, low credit utilisation, and consistent financial discipline. With this score, you’re viewed as a low-risk borrower by lenders, which can improve your chances of getting approved for loans, credit cards, and other financial products quickly. You’re also more likely to receive the best available terms, including lower interest rates, higher credit limits, and quicker approvals. Understanding the benefits of a 798 score and knowing how to maintain or improve it can support your long-term financial success.

Each credit bureau uses its own scoring model, so knowing how they interpret your 798 score can help you understand your credit position more accurately. Here’s how a 798 score is classified across major credit bureaus:

A 798 credit score is seen as a key benchmark by many lenders because it reflects excellent credit habits and very low risk. Borrowers at this level usually have a long history of on-time payments, low credit utilisation, and stable financial behaviour. 

 

This gives banks the confidence to offer better loan terms, higher approval chances, and faster processing with fewer checks. A 798 score often unlocks pre-approved offers and eligibility for premium credit products. Staying at or above this score helps you secure the most competitive rates and maintain consistent access to high-value financial opportunities across various credit segments.

A 798 credit score gives you strong eligibility for top-tier financial products with faster approvals, better terms, and added features. Here are the credit options you’re likely to qualify for:

Home Loans at Preferential Rates

Lenders offer lower interest rates and reduced processing fees to applicants with a 798 score. This helps you save on total loan costs and manage EMIs more easily. Your chances of quick approval with minimal checks are also higher.

Pre-approved Personal Loans

Banks may provide instant personal loan offers based on your score and repayment history. These loans often require little to no documentation and come with quick disbursal. They are suitable for travel, medical needs, or other planned expenses.

Premium Credit Cards with Exclusive Perks

A 798 score qualifies you for cards with features like cashback, lounge access, and reward points. These cards usually come with higher limits and flexible repayment options. Responsible usage can also help maintain or increase your score.

Business Loans for Expansion or Capital Needs

If you run a business, your strong score increases your chances of securing loans with favourable terms. Lenders may offer higher loan amounts with longer tenures. Approval is often faster, with minimal collateral or paperwork required.

Professional Loans for Self-employed Experts

Professionals such as doctors, architects, and CAs can access tailored loans for setting up or upgrading their practice. A 798 score makes you eligible for smoother approvals and better interest rates. These loans can support equipment purchase, space renovation, or operational needs.

Two-wheeler Loans with Flexible Terms

A high score makes it easy to get a bike loan with low interest rates and smaller down payments. Many lenders offer longer tenures and quick approvals for creditworthy applicants. This makes two-wheeler ownership more convenient and affordable.

A 798 score is an excellent asset, but staying in this range requires consistent habits and smart credit decisions. Here’s what you can do to maintain it:

Always Pay on Time

Timely repayment of EMIs and credit card bills is key to keeping your score intact. Even one late payment can lower your score noticeably.

Use a Small Share of Your Credit Limit

Keep your spending below 30% of your total credit limit to show controlled credit usage. High utilisation, even if repaid, may still reflect poorly.

Check Your Credit Report Frequently

Regularly reviewing your credit report helps catch any mistakes or suspicious entries. Addressing them early can prevent avoidable score drops.

Limit Credit Applications

Too many credit requests can lead to multiple hard enquiries, which may reduce your score temporarily. Apply only when necessary to maintain a stable profile.

Maintain a Balanced Credit Mix

Using both secured loans and unsecured credit shows that you can handle different types of borrowing. This diversity adds strength to your credit profile.

Keep Long-standing Accounts Open

Old credit accounts help extend the length of your credit history, which benefits your score. Closing them may shorten your average credit age and impact your rating.

A score of 798 is excellent, but reaching closer to 850 can open doors to top-tier financial benefits. Here are smart steps you can take to further strengthen your score:

Request a Higher Credit Limit Without Spending More

Asking for a limit increase can reduce your credit utilisation if your expenses remain the same. This signals low dependency on credit and supports score growth.

Pay the Entire Outstanding Balance Monthly

Settling your full credit card bill each cycle shows strong financial control. It also helps you avoid interest charges and maintain a clean credit record.

Apply for New Credit Only When Necessary

Each new application triggers a hard enquiry, which can temporarily reduce your score. Limiting applications helps keep your credit profile stable.

Use a Mix of Credit Responsibly

Maintaining both secured and unsecured credit shows you can manage different types of debt. Lenders see this as a sign of balanced and reliable borrowing.

Keep Long-term Accounts Open

Older accounts help lengthen your credit history, which is good for your score. Closing them can reduce your average credit age and weaken your profile.

Clear Pending Dues Without Delay

Unpaid balances can gradually bring your score down if left unresolved. Paying them off quickly protects and improves your credit standing.

A score below 798 can reduce your access to the most favourable credit terms, but with steady effort, recovery is possible. Here are the steps you can take to rebuild your score effectively:

Make Timely Payments Without Exception

Paying all EMIs and credit card bills on or before the due date helps restore your repayment history. Timely payments are one of the fastest ways to improve your score.

Keep Credit Usage Low and Consistent

Use only a small portion of your total available limit to maintain a healthy utilisation ratio. Lower usage signals better financial control to lenders.

Limit Credit Applications to Essential Needs

Submitting several applications at once can result in multiple hard enquiries. This may temporarily reduce your score and signal risk to lenders.

Review Your Credit Report Regularly

Frequent checks help you catch errors, outdated information, or suspicious entries early. Spotting issues promptly prevents unnecessary damage to your score.

Dispute Any Inaccuracies Immediately

If you find incorrect information in your report, raise a dispute with the credit bureau without delay. Correcting errors ensures your credit score reflects accurate data.

Keep Long-standing Accounts Active

Older accounts strengthen the length of your credit history, which supports a higher score. Avoid closing them unless absolutely necessary.

Maintain a Balanced Mix of Credit

Using both secured and unsecured credit types shows you can handle diverse borrowing responsibly. A varied profile is generally viewed more positively by lenders.

Request a Higher Credit Limit Without Raising Spending

Increasing your limit can reduce your utilisation ratio if your spending stays the same. This small adjustment can support steady score improvement over time.

Tracking your credit score regularly helps you stay financially prepared, and checking it online is quick and free. Just follow the steps below to view your CIBIL score instantly:

1. Click on the ‘Check Your CIBIL Score’ button

2. Provide your details including name, mobile number, date of birth, email ID, PAN, and pincode

3. Choose whether you're salaried or self-employed

4. Accept the terms and conditions to proceed further

5. Click on ‘Get Report’ to instantly view your credit score