Who Has a 813 Credit Score?

While an 813 score is well above average, it's helpful to see where most people land. Credit scores generally improve with age. Based on Experian data from 2023, here are the average FICO scores by generation:

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

Credit Cards With a 813 Credit Score

An 813 credit score is considered excellent, placing you in the top tier of applicants. This high score significantly increases your chances of approval for premium credit cards, often with the best rewards, lowest interest rates, and highest credit limits. Lenders view you as a highly reliable borrower, which means you'll likely have your pick of the best offers available on the market.

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Kudos offers personalized credit card recommendations through its AI-powered tools, like the Dream Wallet, which analyzes your spending habits to find the perfect match from a database of nearly 3,000 cards. The platform's Explore Tool provides insights into how a new card might affect your credit score and whether its benefits align with your financial situation, ensuring you make a well-informed choice.

Auto Loans and a 813 Credit Score

With a credit score of 813, you fall into the top-tier 'super-prime' category, which qualifies you for the best available auto loan rates. This excellent standing positions you to receive the most favorable terms on financing for both new and used vehicles.

• 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 813 Credit Score

An 813 credit score is considered excellent and will qualify you for virtually any type of home loan. Lenders view applicants with scores above 760 as top-tier, low-risk borrowers. This means you have access to all major mortgage products, including conventional, jumbo, FHA, VA, and USDA loans, making your path through underwriting much smoother.

This high score directly translates to significant financial benefits. You can expect to be offered the lowest interest rates available, which can save you a substantial amount over the loan's lifetime. Additionally, you may receive lower Private Mortgage Insurance (PMI) premiums and have more negotiating power for perks like closing cost credits.

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 813 Credit Score

Even with an excellent 813 credit score, it is always possible to improve your financial standing through consistent, positive behaviors. Following a few proven methods can help you maintain your high score and potentially push it even higher.

• Monitor your credit reports regularly. Even high scores can be affected by reporting errors or identity theft, so frequent checks ensure your information stays accurate. This allows for early detection of problems that could unexpectedly damage your excellent score.
• Establish automatic bill payments. On-time payments are crucial for maintaining a high score, and automation prevents accidental late payments that can cause significant drops. Even one missed payment can negatively impact an otherwise stellar credit history.
• Reduce your credit utilization ratio. Keeping your credit utilization low—ideally well below 30%—is essential for protecting a high score. High utilization can quickly lower an excellent score, so it's a key metric to manage.
• Limit hard inquiries. Multiple hard inquiries in a short time can temporarily lower your score, so it's wise to space out credit applications. Using prequalification tools allows you to shop for rates without impacting your high score.

Kudos can be your financial companion, helping you manage your cards and maximize rewards as you perfect your credit score.