What Are the Benefits of a Perfect Credit Score?

A perfect credit score can help you save money.

Very few Americans have a credit score of 850, the highest score you can get. Having that perfect score simply means more financial options will be open to you, from credit cards to investments.

Credit Cards

With a perfect score, credit card companies will offer you their premium choice cards, including cards with no annual fees, zero percent interest rates and higher credit limits.

Loans

Thanks to your high score, lenders will have fewer questions about your credit stability and make loan approval decisions faster, with less paperwork requirements.

Employment

Employers checking a credit score as part of a pre-employment background check will conclude that you're responsible, reliable and stable in your personal and professional life.

Investments

Banks and investment companies will be more likely to offer you their premium or otherwise hard-to-obtain products.

Perks

With your perfect credit score, businesses that make their decisions based on credit history may offer you added perks for free that you would not receive otherwise. These can include concierge services or VIP status and treatment.

References

• Doughroller.net: Make Your Credit Score Perfect