Kudos has partnered with CardRatings and Red Ventures for our coverage of credit card products. Kudos, CardRatings, and Red Ventures may receive a commission from card issuers. Kudos may receive commission from card issuers. Some of the card offers that appear on Kudos are from advertisers and may impact how and where card products appear on the site. Kudos tries to include as many card companies and offers as we are aware of, including offers from issuers that don't pay us, but we may not cover all card companies or all available card offers. You don't have to use our links, but we're grateful when you do!
704 Credit score: What You Need to Know in 2025
July 1, 2025
TL;DR
With a 704 credit score, you're in a great position to qualify for a wide range of financial products. This number places you firmly in the 'Good' category according to the FICO scoring model, often leading to favorable interest rates from lenders.
What Does a 704 Credit Score Mean?
A credit score of 704 places you firmly in the "good" range according to most scoring models, like FICO. This signals to lenders that you are a reliable borrower, which can significantly impact your financial life. With a score like this, you'll likely qualify for a variety of credit products, from mortgages to auto loans and credit cards, often with competitive interest rates. It's a strong position that opens many financial doors that might be closed to those with lower scores.
While a 704 score is solid, it's also a great launching point for reaching even better financial standing. You're on the cusp of the "very good" credit tier, where the most attractive loan terms and premium rewards cards become accessible. Continuing on a positive path can pave the way for greater financial opportunities and flexibility in the future.
Who Has a 704 Credit Score?
While age isn't a direct factor in calculating your credit score, there is a clear trend of scores increasing over time. According to 2023 data from Experian, here's how average FICO scores break down by generation:
- Generation Z (ages 18-26): 680
- Millennials (ages 27-42): 690
- Generation X (ages 43-58): 709
- Baby Boomers (ages 59-77): 745
- The Silent Generation (ages 78+): 760
Credit Cards With a 704 Credit Score
A credit score of 704 places you firmly in the "good" credit range, which significantly increases your chances of being approved for a wide variety of credit cards. While you'll likely have access to cards with decent rewards and benefits, you may not qualify for the most premium offers with the lowest interest rates, which are typically reserved for those with excellent credit. Nevertheless, this score is a strong starting point, and consistent, on-time payments can help you build your credit further to unlock top-tier cards down the line.
Kudos offers personalized credit card recommendations through tools that analyze your unique financial situation and preferences. By matching your profile against a database of nearly 3,000 cards, the platform provides clear insights into how different options align with your spending habits and potential credit score impact.
Auto Loans and a 704 Credit Score
A 704 credit score places you in the "prime" borrower category, which means you have a strong chance of being approved for an auto loan. While you can expect to receive competitive interest rates, they won't be the lowest available, which are typically reserved for those with super-prime credit.
According to Experian's Q2 2025 report, average auto loan rates break down as follows:
- Super-prime (781-850): 5.25% for new cars and 7.13% for used cars
- Prime (661-780): 6.87% for new cars and 9.36% for used cars
- Non-prime (601-660): 9.83% for new cars and 13.92% for used cars
- Subprime (501-600): 13.18% for new cars and 18.86% for used cars
- Deep subprime (300-500): 15.77% for new cars and 21.55% for used cars
Mortgages at a 704 Credit Score
With a 704 credit score, you are in a strong position to buy a home. This score is considered 'good' and qualifies you for all major mortgage types, including Conventional, Jumbo, FHA, VA, and USDA loans. You will find that you comfortably meet the minimum credit requirements set by most lenders, giving you a wide array of financing options to explore.
Your 704 score also positively impacts your loan terms. Lenders view you as a less risky borrower, which often translates to more favorable interest rates than those offered to applicants with scores in the 600s. Additionally, this score can lead to lower Private Mortgage Insurance (PMI) costs if you make a smaller down payment on a conventional loan, saving you money monthly.
What's in a Credit Score?
Figuring out what goes into your credit score can feel like trying to solve a complex puzzle, but it generally boils down to a handful of key factors.
Your payment history tracks whether you've paid past credit accounts on time.
Credit utilization is the percentage of your available credit that you're currently using.
The length of your credit history considers the age of your oldest account, newest account, and the average age of all your accounts.
Credit mix refers to the variety of credit products you have, such as credit cards, retail accounts, installment loans, and mortgages.
New credit accounts for how many new accounts you've recently opened and the number of hard inquiries on your report.
How to Improve Your 704 Credit Score
Your credit score plays a crucial role in your financial life, but it's not set in stone; it is always possible to improve your creditworthiness. Here are four proven methods to help boost your 704 score into the next tier.
- Monitor your credit reports. Regularly checking your reports helps you spot and dispute inaccuracies or fraudulent activity that could be artificially holding your score back. Correcting these errors is one of the fastest ways to see a potential score increase.
- Set up automatic bill payments. Since payment history is the single biggest factor in your score, ensuring every bill is paid on time is paramount. Automating payments prevents accidental late marks that could easily damage a good 704 score.
- Lower your credit utilization ratio. This ratio is the second-largest component of your score, so keeping it low is critical for growth. For a 704 score, aiming to keep your usage well below 30% can be the key to breaking into the "very good" credit range.
- Limit hard inquiries. While applying for new credit is sometimes necessary, each hard pull can temporarily lower your score. Spacing out applications prevents unnecessary dips and protects the progress you've made on your 704 score.
A financial companion like the Kudos browser extension can help you manage your cards and spending to support these credit-building efforts.
Supercharge Your Credit Cards
Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.
Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
