The Financial Impact of Your Credit Score
Your credit score isn’t just a number—it’s a powerful tool that can either save you thousands of dollars or cost you significantly more over your lifetime. At Perfect Credit USA, we believe every American should clean their credit at least once per year to ensure they’re getting the best rates on loans, mortgages, and credit cards. This page highlights the value and savings achieved with good credit and shows how your credit score directly affects the interest rates you pay on major financial products.
Whether you're buying a car, a home, or using a credit card, your credit score plays a crucial role in determining how much you pay in interest. Below, we’ve broken down the average interest rates for mortgages and credit cards based on credit scores, illustrating the stark differences in costs between high and low scores.
Mortgage Rates by Credit Score
Maintaining a high credit score can save you tens of thousands of dollars over the life of your mortgage. The table below shows average mortgage rates for a 30-year fixed-rate loan based on your credit score.
| Credit Score Range | Mortgage APR (30-Year Fixed) |
| 760-850 | 5.97% |
| 700-759 | 6.19% |
| 680-699 | 6.36% |
| 660-679 | 6.58% |
| 640-659 | 7.01% |
| 620-639 | 7.55% |
Credit Card APRs by Credit Score
Credit card APRs can vary widely based on your credit score, affecting how much interest you pay on balances carried month to month.
| Credit Score Range | Average Credit Card APR |
| 760-850 | 14% |
| 700-759 | 18% |
| 680-699 | 23% |
| 660-679 | 27% |
| 640-659 | – |
| 620-639 | – |
Auto Loan Rates: The Impact of Credit Scores on Your Financing
Our detailed breakdown illustrates the potential costs associated with each credit tier, helping you understand the financial impact and importance of maintaining a good credit score for vehicle financing.
| Credit Score Range | Average APR, New Car | Average APR, Used Car |
| Superprime: 781-850 | 5.38% | 6.80% |
| Prime: 661-780 | 6.89% | 9.04% |
| Nonprime: 601-660 | 9.62% | 13.72% |
| Subprime: 501-600 | 12.85% | 18.97% |
| Deep subprime: 300-500 | 15.62% | 21.57% |