Just curious... my credit score is 847, is there anything worthwhile it can be used for?

Here's what you're looking for...

OMG your score is SOOO good you're a financial GURU please teach me your ways sensei!

And here's what you asked about, but don't actually want to know...

Although credit scoring models vary, generally, credit scores from 660 to 724 are considered good; 725 to 759 are considered very good; and 760 and up are considered excellent. Higher credit scores mean you have demonstrated responsible credit behaviour in the past, which may make potential lenders and creditors more confident about your ability to repay a debt when evaluating your request for credit.

https://www.consumer.equifax.ca/persona ... dit-score/

The credit score you see from TransUnion is based on the VantageScore® 3.0 model. Scores in this model range from 300 to 850. A good score with TransUnion and VantageScore 3.0 is between 661 and 720. As your score climbs through and above this range, you can benefit from the increased freedom and flexibility healthy credit brings. Some people want to achieve a score of 850, the highest credit score possible. Having this “perfect” score may feel like a win, but nothing specific unlocks if you hit that magic number.

https://www.transunion.com/blog/credit- ... edit-score

"Why Good Credit Scores Matter"

https://www.transunion.com/blog/credit- ... res-matter

Tinder?

What an odd "question but ....lol @ the responses thus far.

I've got a really good credit score too but don't feel the need to do anything with it. It's meant mostly for lenders to assess your credit worthiness, if you don't need to borrow then this is clearly this thread is just for bragging rights hence the downvotes.

I find this quite sad. Please go and have a fun. Enjoy the beautiful weather. You are a responsible credit user but I would focus on other areas of life. Good luck!

Was that from Equifax or Transunion? Because I remember seeing someone post 900 score before

Buddy… it isnt dragon ball z.
You arent getting any other worldly super saiyan powers here.
Someone with a 770 score will get the same rates and approval as you. Lol

Approval is based on utilization, age of accounts, and behaviour mostly. Its not just strictly the number.

That number is just for quick glance.

An 20 year old 2nd year student with a $14/hr burger flipping job with a few (non maxed out) $1000 credit cards from age 18 could easily have a 850 score too.

Don’t we wish we could sell it at a premium!

My daughter is not working yet (still in school) and her TU score is 883. She was jokingly saying that because I paid everything for her. I am curious if she will get to 900. BTW, she doesn't churn CC or anything like that.

Lepistiku wrote: ↑ Other than churning credit cards for signup bonuses... lol

Already have a mortgage, and there isn't really much I actually need--although cash is always welcome I suppose.

If you fill in form CRA-1899-1 correctly, you can cash in one point of credit score for about $14 (it is taxable though.)

Since you can pretty much get anything you need with a credit score of 750, you can easily pocket about $1000 after taxes. You can repeat this once every 12 months as long as your score rebuilds.

Nice credit score

You can trade in 100 points for a plastic yo-yo, 200 for a whistle and 500 for a slap bracelet. 1000 points for a 24" stuffed penguin. Keep it up!

nice

UrbanPoet wrote: ↑Buddy… it isnt dragon ball z.
You arent getting any other worldly super saiyan powers here.
Someone with a 770 score will get the same rates and approval as you. Lol

Approval is based on utilization, age of accounts, and behaviour mostly. Its not just strictly the number.

That number is just for quick glance.

An 20 year old 2nd year student with a $14/hr burger flipping job with a few (non maxed out) $1000 credit cards from age 18 could easily have a 850 score too.

mkl38s wrote: ↑ My daughter is not working yet (still in school) and her TU score is 883. She was jokingly saying that because I paid everything for her. I am curious if she will get to 900. BTW, she doesn't churn CC or anything like that.

Thanks for your real life example.
Pretty much anyone who pays off their credit card to $0 with no debts is gonna have a high 800’s credit record.
So responsible teenagers and young adults.

Its once you start needing a car loan and mortgage that it starts to dip down a bit. But even then… you’ll be in the high 700’s or low 800’s still. More than enough to have the ability to get approved for whatever credit needs you have.

847! Excellence!

See how much unsecured LOC you can get.

I figure, get it while you can, just in case something happens in the future.

Lepistiku wrote: ↑ Other than churning credit cards for signup bonuses... lol

Already have a mortgage, and there isn't really much I actually need--although cash is always welcome I suppose.

Should easily get you laid with the right (financial savvy) girl.

Recently bought and then sold houses, needed bridging loan for 7 days. I am sure good credit scores made it easy for RBC to approve the $600K loan for the week...........