- To gain a perfect credit score you would have to rarely use your credit and keep a zero balance most of the time, according to Bankrate.com. You would also need to pay off every account on time for several decades. Also, limit credit checks, including those for a cellphones, because each inquiry dings your a score a few points.
- For all practical reasons, you may not be able to get a FICO score of 850 because there are about 10 different ways of calculating scores, according to The Consumerist. Each formula gives places a different emphasis on variables depending on your age and demographic.
- Once you get a FICO score of 800 to 825, there are almost no benefits to a higher score other than bragging rights, according to Mint.com. Scores above 800 are considered "elite" and will garner the best possible rates.
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