What is a Good Credit Score?

In Canada, most credit scores range from 300 to 900.
Different lenders have slightly different cutoffs, but roughly:

• 300–559: Poor
• 560–659: Fair
• 660–724: Good
• 725–759: Very good
• 760+: Excellent

So when people ask, “What is a good credit score?” they’re usually talking about anything around 660 or higher. Once you’re into the 700s, most lenders see you as low-risk, and by the mid–700s and up, you’re often getting access to their best rates and approvals.

You don’t need a perfect 900. A “good” or “very good” score already works well in real life.

KOHO Essential Can Help You Reach a Good Score

KOHO Essential is designed to work like a no fee monthly account for most people because:

• It has a low monthly plan fee that can be waived when you set up direct deposit or add +$1,000.
• Grow your savings with a 2% interest savings rate on your entire balance.
• Earn 1% cash back on groceries, eating & drinking, and transportation.
• Enjoy unlimited transactions (never worry about sending money to someone again).
• Quickly and easily check your credit score for free
• Subscribe to Credit Building to help build your credit history without relying only on a traditional credit card

Why “Good” Is Usually Good Enough

A higher score generally helps you:

• Get approved more easily for credit cards, loans, and mortgages
• Access lower interest rates, which makes borrowing cheaper
• Qualify for better product options and higher limits

But there’s a point of diminishing returns. Lenders don’t usually treat 780 vs 820 massively differently—both are typically viewed as strong borrowers.

That’s why focusing on healthy habits matters more than chasing a specific number.