How to Get in the 800+ Credit Score Club


Having a high credit score might not make you a VIP at the airport or the hottest restaurant in town. However, being a member of the elite 800 Credit Score Club comes with plenty of its own perks.

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You’ll have low interest rates on every loan you apply to. Your credit cards will have higher credit limits. And you’ll be eligible for best rewards programs in existence.

When you realize how much money you save because of these benefits, you’ll definitely prefer this VIP list to any other. We’ll take you step-by-step and show you exactly how you can get your credit score in the 800s.

What is the 800 Credit Score Club?

As the name suggests, it’s an informal term for individuals with the very highest credit scores.

FICO credit scores range from 300 to 850. So, if your credit scores are above 800, they are among the best of the best.

In fact, only about 18% of Americans can count themselves as members of this prestigious group.

Several factors contribute to such a strong credit score, and many of them take both time and strategy.

But by putting some forethought into how you manage your finances, it’s entirely possible to increase your credit score dramatically. And if you’re going to have a goal, why not aim high?

What are the benefits of having an 800+ credit score?

For starters, you’ll enjoy easier and faster loan approvals whether you’re applying for a mortgage loan or an auto loan. It won’t take the bank too long to approve you with a FICO score of 800 or above.

You’ll receive much better credit card offers that come with the best rewards. Some of them offer exclusive access to concerts, sporting events, etc., and the lowest interest rates. On top of that, you will also receive the best insurance premiums.

How to Get an 800+ Credit Score?

To get your FICO score up to at least 800, you need to look at your credit report strategically. All the information contained in your credit report contributes directly to how your credit score is calculated.

So, you’ll need to know what you should have on your credit report and how to get it on there. When you do this, your credit score will automatically increase to reflect those positive items. Let’s take a look at each tactic, one by one.

1. Review Your Credit Report

Your first task to prepare yourself for 800 Credit Score Club membership is to request and review a copy of your credit report every year. You won’t be able to see your credit score with the free credit report. However, you can check the accuracy of your information.

It also helps to catch identity theft if someone has stolen your personal information and fraudulently opened credit accounts under your name.

Make Sure You Get All Three

Remember that you have three credit reports from the three credit bureaus: Experian, Equifax, and TransUnion.

You can request all three from once every twelve months. It’s a great service to take advantage of to help track your progress towards the 800 Credit Score Club.

No matter what your financial goals might be, working your way into the 800 Credit Score Club can only help your chances of achieving them.

With some planning, some time, and maybe a few phone calls, you’ll be pleasantly surprised at the progress you can make in raising your credit score. And if you stick with it long enough, you’ll eventually cross the threshold into the revered 800 Credit Score Club.

2. Be Consistent with Your Payments

Paying your bills on time is the single most important thing you can do for your credit score. Payment history makes up 35% of your credit score. And this doesn’t just apply to your personal loan and credit card payments!

Many types of businesses can report delinquent payments to credit bureaus, including cell phone carriers and utility companies.

Late Payments Hurt Your Credit Score

Any late payment over 30 days has the potential to show up on your credit report and lower your credit score. Plus, the longer you wait to make the payment, the bigger effect it has on your credit score.

That’s because late payments are categorized by how past due they are: 30 days, 60 days, or 90 days. Each one causes an increasing drop in your credit score.

A one-time late payment of 30 or 60 days won’t hurt your score too much and won’t have much of an effect after two years. However, that all changes when you have frequent late payments because the scoring model is made to predict how likely you are to go to a 90-day delinquency.

Once you get to that point, your credit score will be damaged for up to seven years. And if your account is sent to a collection agency, you’ll really notice a sharp decline in your credit score.

So, if you want to make it into the 800 Credit Score Club, pay attention to your payment history and monthly due dates. Make sure you pay everything on time.

3. Get Negative Information Removed From Your Credit Reports

If you happen to have negative items on your credit reports, it is possible to get them removed. You have a couple of different options. One is to request a goodwill adjustment from the creditor who reported the late payment. This is a great tactic for long-time customers who rarely make a late payment.

If you still owe the money, you may be able to negotiate to have the item removed from your credit report. You can do this by agreeing to sign up for automatic payments on the money you owe.

You can also request that a late payment entry be removed if the information is inaccurate or the creditor cannot verify the information within the required timeframe.

Another option is disputing the negative items with the credit bureaus. By law, you are entitled to dispute any information contained in your credit reports that you deem to be inaccurate, incomplete, unverifiable, obsolete, or questionable. Credit repair companies can help you with this.

4. Pay Attention to the Amount of Debt You Owe

After your payment history, the amount of credit you utilize (or the amount of debt you owe), is the most important determinant of your FICO credit score.

Total debt actually accounts for 30% of your entire FICO score. So, this one is important, and it does take a little more strategy than simply paying all of your bills on time.

Credit Utilization

When your credit score is calculated, the credit scoring model looks at all the credit you have available to you, then compares that number to how much you’ve actually used.

If your credit card accounts have a credit limit of $10,000 and you carry a balance of $3,000 on them, you’re utilizing 30% of your available credit.

Here’s where things start to get tricky. Your credit score is also affected by how that debt is spread out across each line of credit. So if that $3,000 balance is all on one credit card and you don’t have any debt on the other cards, your credit score will still suffer because you’re maxing out that one card.

Try to pay off your credit card balance in full each month. But, if you can’t, try to spread it out over two cards or put the balance on the card with the biggest limit (assuming your interest rates are comparable). That way, you won’t have to worry about one maxed-out credit card hurting your credit score.

Debt-to-Credit Ratio

Overall, you want your debt-to-credit ratio to be no more than 25-30%. You can figure this out with a simple calculation: Amount of Debt / Amount of Available Credit. Then, you divide the two numbers and multiply your answer by 100 to get the percentage.

If your percentage turns out to be higher than 30%, you should prioritize paying down your debt. That way you can work your way towards a higher credit score and eventually earn that 800 Credit Score Club membership.

Type of Debt

It’s also important to realize that the type of debt you have also affects your credit score. The more revolving debt (like credit cards) you have, the lower your credit score will be.

Installment loans like a mortgage or your student loans aren’t viewed negatively because they add value to your overall financial picture.

5. Don’t Open Unnecessary Accounts

In your quest to join the 800 Credit Score Club, don’t make the rookie mistake of opening extra accounts just to increase your available credit. This hurts your credit score in a couple of different ways.

The first is that your credit score will dip about 5-10 points for each credit inquiry on your credit report. The damage to your credit score only lasts a year, but the inquiry itself stays listed on your credit report for two years.

Length of Credit History

Opening a new account can also hurt your credit because the length of your credit history and the number of new credit accounts are both contributing factors.

Keep your oldest credit accounts open, even if you don’t use them anymore. This will make the average length of your credit history longer, just as newer credit accounts will lower that average.

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Increase Your Credit Limit

If you want additional credit available on your credit cards, you can ask your credit card issuer for a credit limit increase.

As long as you’ve paid on time and have been a good customer, you’ll probably be a strong candidate for getting a higher limit on your credit card. That helps your debt-to-credit ratio without hurting your length of credit.

While you’re on the phone with the credit card issuer, see if you can negotiate a lower rate. It won’t help your credit scores, but it will help your wallet! Even better if you put those extra savings towards paying off your debt faster (which will also help your credit scores.)

Lauren Ward
Meet the author

Lauren is a Crediful writer whose aim is to give readers the financial tools they need to reach their own goals in life. She has written on personal finance issues for over six years and holds a Bachelor's degree in Japanese from Georgetown University.