Is 750 a Good Credit Score in Canada?

What Does a 750 Credit Score Mean in Canada?

A credit score of 750 falls in the "Very Good" range (725–759) on the Canadian 300–900 scale. It places you in approximately the top 25–30% of Canadian credit holders. At 750, you are a desirable borrower to mainstream lenders.

The primary advantages of a 750 score over a 700 score are better interest rates and easier access to premium financial products. While you won't have the absolute best rates (those come at 760+), you're close — and often lenders will give you their best rate at 750 depending on other factors like income and debt ratio.

What Can You Qualify for at 750?

How 750 Saves You Money vs. Lower Scores

The real-world benefit of a 750 score is in the interest rates you're offered. Here's an illustration of mortgage savings:

• Score 700: Might be offered 5.29% on a 5-year fixed mortgage
• Score 750: Might be offered 5.09% on the same mortgage
• Score 800+: Might be offered 4.99% or receive rate matching leverage

On a $400,000 mortgage over 25 years, the difference between 5.09% and 5.29% is approximately $8,000–$100 in total interest paid. The higher your score, the more negotiating leverage you have.

From 750 to 800+ — What It Takes

Moving from 750 to 800+ is more about eliminating limiting factors and letting time work than taking dramatic action:

1. Reduce utilization to under 5% — Even at 750, high utilization on any card is holding you back
2. No late payments ever — Even one 30-day late payment drops you significantly
3. Let accounts age — Average account age is a key factor; don't close old cards
4. Limit new applications — Only apply for credit when necessary
5. Diversify credit types — Having a mix of revolving (cards) and installment (loans) credit helps
6. Be patient — Moving from 750 to 800 typically takes 1–3 years of consistent behavior