What are the Different Ranges of Credit Scores?

In Canada, most credit scores range from 300 to 900.

Lenders group those numbers into ranges to quickly see how risky or reliable you might be as a borrower.

How KOHO Essential Can Help You Aim Higher

If you want to move up the ranges over time, it helps to have your everyday money and credit building in one place. With KOHO Essential:

• It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.

• Use a prepaid Mastercard® for groceries, bills, subscriptions, and travel.

• Grow your savings with a 2% interest savings rate on your entire balance.

• Earn 1% cash back on groceries, eating & drinking, and transportation.

• You can subscribe to Credit Building for $10/month, it's an affordable way to build your credit history.

• Enjoy unlimited transactions and free e-transfers (never worry about fees when sending money to someone again).

Typical Credit Score Ranges in Canada

Exact cutoffs can vary slightly by lender or bureau, but a lot of Canadian scores fall roughly into these ranges:

• Poor (about 300–559):

  • You may have missed payments, collections, or very limited history.

  • Harder to get approved, and you may see higher interest rates.

• Fair (about 560–659):

  • You might qualify for some products, but not always on the best terms.

  • This is a “rebuilding” range where good habits matter a lot.

• Good (about 660–724):

  • Many lenders see you as reasonably reliable.

  • You can usually access a decent selection of credit cards and loans.

• Very Good (about 725–759):

  • You’re lower risk in most lenders’ eyes.

  • You’re more likely to qualify for better rates and more premium products.

• Excellent (about 760–900):

  • Lenders generally see you as a strong borrower.

  • You’re well positioned for the best offers and lowest rates, assuming income and other factors also fit.

Remember: lenders look at more than just the number—things like income, existing debt, and recent behaviour also matter.

But moving your score up into a better range generally gives you more options and better pricing.