A credit score of 739 is considered good, but it doesn’t qualify you for the same types of terms as someone with a credit score of 800.
A 739 credit score is a good starting point for credit cards, auto loans and mortgages. But to get the best rates, you may need to raise your score to the very good or excellent ranges.
Overview of a 739 Credit Score
An 739 credit score is good, and you shouldn’t have any trouble getting approved for a variety of loans or credit cards. However, your interest rate can vary based on the lender and type of loan you apply for, so you’ll want to shop around before applying.
In general, credit scores are derived from five main factors: your payment history, amounts owed, the length of your credit history, new credit and your credit mix. The most important factor, your payment history, accounts for 35% of your score.
A good credit score can mean lower interest rates, more favorable loan terms and even access to luxury credit cards that offer perks like travel rewards or a generous welcome bonus. You can improve your score by paying your bills on time, avoiding high balances and limiting the number of accounts you open.
Credit Card Options with a 739 Credit Score
With a 739 credit score, you can qualify for credit cards with a wide range of benefits. These cards can save you money on big-ticket purchases, help you build your credit history and come with enticing perks like cash back or travel rewards.
If you’re looking for a credit card with rewards, consider a card that offers up to 6% cash back on purchases in one or more categories, like gas or groceries. Alternatively, you can get a card with up to 5% back on travel purchases, including airfares.
You may also want to check out a credit card with a 0% introductory APR offer, which could help you save on interest for up to 12 to 20 months when you first open the account. This introductory period can be an excellent way to avoid high annual fees while you build your credit history.
Auto Loans with a 739 Credit Score
With a 739 credit score, you can qualify for many types of auto loans. These loans can help you purchase a new or used car at a competitive interest rate.
Depending on your current credit score, you may also qualify for an introductory 0% APR offer that could save you money over the life of your loan. Keep in mind that interest rates can vary among lenders, so you should always shop around for the best deal on your auto loan.
You can also boost your credit score by making regular payments on time and removing negative items from your credit report. This can take a while, but it can pay off in the end when you get better terms on your auto loan or credit card.
Personal Loan Options with a 739 Credit Score
Your credit score is an important factor when lenders decide to grant you a loan. Whether it’s to pay for a car or an expensive home, having a high score can help you avoid the risk of paying too much in interest.
Having good credit can also open the door to a variety of personal loans that you may otherwise be unable to qualify for. These loans are typically structured as installment loans with a fixed repayment period and a set interest rate.
You’ll need to apply for a personal loan through a lender and submit a few forms online, including your income, Social Security number, and tax identification number. You may also be asked to provide some documentation, such as your employment history and bank statements.
Mortgages with a 739 Credit Score
A 739 credit score is considered to be in the “good” range, which means that lenders are likely to approve your application for a mortgage. You’re also likely to qualify for competitive interest rates and loan terms.
A good credit score is a major indicator of financial responsibility, so it’s important to keep yours in check. You can do this by ensuring you’re paying your bills on time, avoiding maxing out credit cards and maintaining a positive balance on any loans you have.
A 739 credit score is a great starting point to qualify for a home loan, but you may need to work on your credit further to get the best rates and terms. To do this, we recommend evaluating your current credit report and removing any negative items that are keeping your score suppressed.