kdm31091 wrote:As takeshi said it's never just about score. Someone with a 775 FICO can be denied for a new card because of too many new accounts or inquiries, where a 675 score without such inquiries/accounts may be approved. So the score alone doesn't mean as much as some people act as though it does.
Once you pass the mid to high 700's you are pretty much as good as you can be in terms of getting approved for the best terms. A higher number may be satisfying to the ego, but isn't really important for approvals.
Scores are generally arranged into "buckets", according to "poor", "fair", "good", "excellent". The bucket will help determine your terms of approval such as APR but again the score itself is not the only factor -- its the whole profile.
Pay your bills on time, keep accounts in good standing, don't add new cards each month...over time, that's all you have to do. Maintain the basics and your score will grow. There is no need to apply for 10 extra cards to "buffer" one's utilization as is a popular meme on some corners of the Internet. Maintain what you have in good standing and you'll be fine.
I think people are too focused on credit scores these days since they seem to be more readily available.
All you need to do is make sure utilization ratios are kept low on each card and pay in full each month. It is not complicated. If you can't pay in full, you can transfer balances at low inerest rates if utilization is kept low on individual cards.
I have perfect credit which allows me to get promotionals when offered for additional money off spend and rewards points but I don't do those often due to hit on credit score. The last one I was preapproved for which was better than other deals I could have gotten on my own.
The question of one score vs another isn't meaningful per say. But actual differences will be acceptance on better tier credit cards and other financial products with a 700 and lower downpayments and payments required as well as a lower interest rate provided for higher credit score customers.
Just follow the basic rules and you will be fine.