746 Credit Score: Is it Good or Bad?

A credit score of 746 is considered good by most lenders. It signals that you have consistently demonstrated excellent credit management skills, from paying bills on time to keeping debts under control. With this score, you’re positioned to access some of the most attractive financial opportunities available, including premium credit cards, home loans, and car loans with highly competitive interest rates.

Lenders view a score of 746 as low-risk, meaning your applications are more likely to be approved quickly and with favourable terms. This score can also help you qualify for higher credit limits and better loan offers, potentially saving you significant amounts of money over time. In short, a 746 score reflects trust, stability, and the kind of financial discipline that opens doors to greater freedom and choice.

How To Improve Your 746 Credit Score

Achieving a 746 credit score is a great accomplishment, but the next milestone, 800 and above, is considered “excellent” and can bring even greater advantages. Moving into this range requires maintaining your current strengths while fine-tuning a few key areas:

Maintain very low credit utilisation: Keep your usage under 10% of your available credit limit. This sends a strong message to lenders that you’re not dependent on credit and can manage it responsibly.
Keep older accounts active: Length of credit history has a positive impact on your score. Even if you rarely use older accounts, keeping them open and in good standing works in your favor.
Continue making payments on time: Payment history is the single most important factor in your score. Setting up autopay or reminders ensures you never miss a due date for credit cards, utilities, or loan EMIs.
Diversify your credit mix: If you have only revolving credit (like credit cards), adding an instalment loan (or vice versa) can enhance your score over time.
Limit unnecessary new credit applications: Too many hard inquiries in a short period can cause small, temporary dips in your score. Apply for new credit only when necessary.

With consistent application of these habits, your credit score can move from very good to excellent, unlocking premium lending terms and even more exclusive financial benefits.

Benefits of a Very Good Credit Score

Having a credit score of 746 isn’t just a number—it’s a powerful financial advantage. Here’s what it can do for you:

Better loan approvals with faster processing: Lenders are more confident in approving your applications.
Lower interest rates on credit cards and loans: Save money by paying less in interest over the life of your loans.
Higher credit card limits: Enjoy greater flexibility and purchasing power.
Stronger negotiating power: Use your score to your advantage when refinancing or requesting better terms.
Access to premium financial products: Qualify for rewards cards, travel perks, and exclusive loan offers.

A very good credit score gives you leverage in almost every financial situation, from everyday purchases to long-term investments.

Importance Of Good Credit History

While your credit score is a quick snapshot, your credit history offers a detailed story of your financial reliability. Here’s why it’s so important:

A longer history benefits your score: The more years you’ve shown responsible credit use, the more lenders trust your stability.
A record of timely payments shows dependability: Paying on time, month after month, reinforces your reputation as a reliable borrower.
Older accounts in good standing add strength: Even unused accounts help by lengthening your credit history and proving long-term responsibility.
Trust built over time speeds up approvals: Lenders value a history that shows consistent, low-risk borrowing behaviour.

How To Build Up Your Credit Score

If you’ve reached 746, you’re already in a strong position—but climbing higher into the 800+ range is possible with steady habits:

Use credit regularly but wisely: Charge small, manageable amounts and pay them off in full each month.
Keep balances low: Avoid carrying large debts, especially on high-interest accounts.
Set payment reminders: Never risk a late payment, as even one missed due date can dent your score.
Check your credit reports annually: Look for and dispute any inaccuracies that could be dragging your score down.
Be patient and consistent: Credit growth is gradual, but with your current standing, even small positive actions will have a meaningful impact.

By staying disciplined, your 746 credit score can steadily rise to “excellent” status, giving you unmatched access to financial products, the lowest possible interest rates, and the peace of mind that comes with top-tier creditworthiness.