7 Ways Good Credit Can Make Life Easier — and Save You Money 🚨🚨

Feb '25 • General Discussion (NO PROMOS)

👍Borrow money at a better interest rate: Scores above 740 typically qualify for the lowest mortgage rates available. Higher credit scores also can get lower interest rates on car loans.

👍Qualify for the best credit card deals: A strong credit history can help you qualify for the best credit cards, which include low interest rates, rewards and cash back. As well as helping you save money, these perks will encourage you to keep using your credit card — which can help your credit if you continue to pay on time and keep balances low compared to your credit limits.

👍Get favorable terms on a new cell phone: Smartphones or cell phone upgrades can be expensive. But a good credit score may allow you to finance a phone at 0% interest.

👍Improve your chances of renting a home: Much like a potential lender, a landlord may want to check your credit. How you've handled credit and payments overall gives insight into how likely you are to pay your rent on time every month.

👍Receive better car and home insurance rates: In order to predict potential losses on customers, some car insurance companies factor in credit-based scores when determining monthly premiums in states that allow this practice.

👍Skip utility deposits: Before taking you on as a customer, a utility company might look at your credit report to get a sense of your payment history.

👍Get a job: In some states, employers can request your credit report as part of your job application. You will know if they do; your consent is required.

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