Credit Score Above 800
The best scores get the best interest rates. A credit score above 800 is one of those scores and is considered an excellent credit score. To get there takes serious discipline and you will be rewarded. But is it worth to have a score that high?
The argument is sometimes made that a credit score above 800 is the same as getting a credit score in the high 700’s. You will be classed in the same group getting the same interest rates. The evidence can be found on sites like MyFICO where they give mortgage rates based on your credit score. 760 to 850 are all grouped together and get the same interest rates. This makes getting a score this high there will be diminished rewards.
There is the pride aspect of having a credit score above 800. You are one of the elite consumers in the country. You are one of few maybe even top 5% of the population. You can brag about how great you are with credit and you know what you are doing. Or you could even take what you did to get a credit score above 800 and spread the word. Help people achieve a better credit score. Hell, why not write a book.