Who Has a 624 Credit Score?

While age isn't a direct factor in credit scoring, averages tend to increase over time as people build longer credit histories. According to 2023 Experian data, the average FICO score for each generation breaks down as follows:

• Generation Z (ages 18-26): 680
• Millennials (ages 27-42): 690
• Generation X (ages 43-58): 709
• Baby Boomers (ages 59-77): 745
• The Silent Generation (ages 78+): 760

Credit Cards With a 624 Credit Score

A credit score of 624 places you in the "fair" credit range, which can be a mixed bag when applying for new credit cards. While you may not qualify for the most premium cards with top-tier rewards and low interest rates, you aren't completely shut out of the market either. Lenders will likely view your application with some caution, but there are still several solid credit card options available specifically for individuals in this credit score bracket.

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To navigate the options available for your credit score, a service like Kudos offers personalized guidance through its AI-powered tools. By analyzing your unique financial preferences or real-time spending habits, Kudos sifts through thousands of cards to find the one that best aligns with your needs, helping you maximize rewards and minimize fees.

Auto Loans and a 624 Credit Score

A 624 credit score places you in the non-prime lending category, which means you can generally still qualify for an auto loan. However, you should expect to face higher interest rates compared to borrowers with better credit, increasing the total cost of your vehicle.

Based on a 2025 market analysis, here are the average rates for different credit score tiers:

• Super-prime (781-850): 5.25% for new cars and 7.13% for used cars.
• Prime (661-780): 6.87% for new cars and 9.36% for used cars.
• Non-prime (601-660): 9.83% for new cars and 13.92% for used cars.
• Subprime (501-600): 13.18% for new cars and 18.86% for used cars.
• Deep subprime (300-500): 15.77% for new cars and 21.55% for used cars.

Mortgages at a 624 Credit Score

A 624 credit score puts you in a decent position to secure a mortgage. You'll likely qualify for several types of loans, including government-backed FHA, VA, and USDA programs. You also meet the typical 620 minimum for a conventional loan, though some lenders may prefer a slightly higher score. Having a score above 620 generally expands your mortgage options.

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While you may qualify, your score will impact the loan's terms. Lenders view scores in this range as carrying more risk, which translates to higher interest rates. For instance, borrowers with scores between 620-639 faced average rates around 7.8% in mid-2024. This is significantly higher than the rates offered to top-tier borrowers and can add tens of thousands of dollars in interest over the loan's lifetime.

What's in a Credit Score?

Figuring out what goes into your credit score can feel like trying to solve a complex puzzle, but it's primarily based on a handful of key financial habits. The most common factors include:

• Your payment history tracks whether you have paid past credit accounts on time.
• Credit utilization is the percentage of your available credit that you are currently using.
• The length of your credit history considers the age of your oldest account and the average age of all your accounts.
• Having a healthy mix of credit types, such as credit cards and installment loans, can positively impact your score.
• Recent credit inquiries and newly opened accounts can temporarily lower your score.

How to Improve Your 624 Credit Score

If you have a 624 credit score, don't be discouraged; improving your score is always possible with time and consistent effort. There are several proven methods you can use to boost your financial health and gain access to better financial products.

• Monitor your credit reports. A 624 score could be held down by errors, and regularly checking your reports allows you to spot and dispute inaccuracies that may be dragging you down. This also helps you track your progress and watch for any signs of identity theft.
• Set up automatic bill payments. Since payment history is the single most important factor in your score, ensuring every bill is paid on time is critical. For a fair credit score, avoiding late payments is one of the most effective ways to build a positive history and see improvement.
• Lower your credit utilization ratio. Lenders see high balances as a risk, and keeping your utilization below 30% can significantly help your score. For a 624 score, paying down debt is a direct way to address the second-most important factor in credit calculations.
• Become an authorized user. If you have a limited or damaged credit history, being added to an account with a long, positive record can help. This strategy essentially lets you benefit from the primary account holder's good habits and can add positive payment history to your file.

For help maximizing rewards as you build your credit, the Kudos browser extension can guide you to the best card for every purchase.