716 Credit score: What You Need to Know in 2025

Who Has a 716 Credit Score?

While age isn't a direct factor in calculating your credit score, there's a clear trend of scores increasing over time. According to 2023 data, here is the average FICO score 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
• Silent Generation (ages 78+): 760

Credit Cards With a 716 Credit Score

A credit score of 716 places you firmly in the "good" credit range, significantly boosting your chances of approval for a wide array of credit cards. While this score might not unlock the most exclusive, premium cards reserved for those with excellent credit, it still signals to lenders that you are a responsible borrower. Consequently, you'll find yourself eligible for many competitive cards offering valuable rewards, favorable terms, and useful benefits.

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Kudos simplifies the search with its Explore Tool, which acts as a personalized credit card matchmaker from a database of nearly 3,000 cards. Based on a quiz about your preferences and financial goals, the tool delivers unbiased recommendations, showing how well each card aligns with your needs without pressuring you to apply.

Auto Loans and a 716 Credit Score

With a 716 credit score, you fall into the "prime" borrower category, which generally qualifies you for competitive interest rates on an auto loan. While not the lowest rates available, your score demonstrates financial responsibility to lenders, making you a desirable loan candidate.

According to 2025 auto loan data from Experian, here are the average rates for new and used cars across different credit tiers:

• Super-prime (781-850): 5.25% for new cars, 7.13% for used cars
• Prime (661-780): 6.87% for new cars, 9.36% for used cars
• Non-prime (601-660): 9.83% for new cars, 13.92% for used cars
• Subprime (501-600): 13.18% for new cars, 18.86% for used cars
• Deep subprime (300-500): 15.77% for new cars, 21.55% for used cars

Mortgages at a 716 Credit Score

With a 716 credit score, you are in a strong position to secure a mortgage. This score is considered good to very good, making you eligible for nearly all major loan types. You'll meet the criteria for conventional, FHA, VA, and USDA loans. According to credit score requirements, a 716 also typically qualifies you for jumbo loans, which often demand a score of 700 or higher.

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This credit score significantly improves your loan terms and approval odds. Lenders will see you as a less risky borrower, which can lead to better interest rates than those offered to applicants with scores in the 600s. You may also qualify for lower Private Mortgage Insurance (PMI) premiums on a conventional loan if your down payment is less than 20%, giving you more financial flexibility.

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 elements. The most common factors include:

• Your history of making payments on time is the most significant factor.
• How much of your available credit you're currently using, known as your credit utilization ratio, plays a major role.
• The age of your credit accounts, including the average age and the age of your oldest account, is also considered.
• Lenders like to see that you can responsibly manage different types of credit, such as credit cards and loans.
• Opening several new credit accounts in a short period can be seen as a risk and may temporarily lower your score.

How to Improve Your 716 Credit Score

Your credit score plays a crucial role in your financial life, and it's always possible to improve it with consistent effort. There are proven methods to boost your creditworthiness and achieve a healthier financial profile.

• Monitor your credit reports. A 716 score is considered good, but minor errors or fraudulent activity could be holding you back from an even better rating. Regularly checking your reports allows you to spot and dispute inaccuracies, ensuring your score is a true reflection of your credit health.
• Reduce your credit utilization ratio. This ratio accounts for 30% of your score, so lowering it can provide a significant and relatively quick boost. For a 716 score, getting your balance well below the recommended 30% of your limit can be the key to pushing into the 'very good' credit tier.
• Become an authorized user. Being added to a credit card account with a long, positive payment history can add that account's good standing to your own credit file. This can improve your length of credit history and lower your overall credit utilization, both of which are major factors in your score.
• Diversify your credit mix. Lenders like to see that you can responsibly handle different types of credit, such as revolving credit (credit cards) and installment loans (auto or personal loans). If your 716 score is primarily built on one type of credit, adding another can demonstrate financial versatility and help increase your score.

Let Kudos be your financial companion to help you manage your cards, monitor your score, and maximize rewards along the way.