What Does a 720 Credit Score Mean?

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Provided by the Al Etihad Credit Bureau (AECB), a credit score is a three-digit number indicating the creditworthiness of an individual. Lying in the range of 300 and 900, this score is utilised by financial institutions when deciding whether to approve your application (for a loan, credit card, and other financial products) and at which terms. 

In the UAE, a 720 credit score would be considered a ‘high’ credit score, which means easy access to most financial products and at favourable terms. To fully comprehend the significance of this score as well as the range of products available with such a credit score, however, you will first need to understand the key aspects of this score in detail. 

Discussed below are all the major aspects related to a 720 credit score as well as the steps to be followed by individuals searching for how to get a 720 credit score in the UAE.  

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720 Credit Score – An Overview 

The al etihad credit bureau collects and analyses an individual’s financial history in terms of the payment of utility bills, telecommunication bills, card dues, loan instalments, and so on. Based on the norms in the country, one can segregate the scores into the following categories: 

Credit Score Range


300 to 540

Very Low

541 to 650






Above 746 

Very High

As one may observe, a 720 credit Score is considered a high credit score in the UAE. With such a score, an individual will be considered a responsible borrower who poses less risk for the provider. Consequently, one can easily secure their chosen product (if they are eligible otherwise) and also stand a chance for negotiating with a credit score of 720.

720 Credit Score: Here’s What It Can Get You

Credit Cards for 720 Credit Score

As 720 credit score is good score in the UAE, you can easily get the credit card you wish provided that you qualify the pre-set eligibility criteria set by the card provider. With a 720 credit score, you can also enjoy additional perks like cashback, lifestyle benefits, travel benefits, welcome bonuses, lower interest or profit rates, and so on. 

Personal Loan for 720 Credit Score

As a personal loan is a collateral-free loan, the credit score plays a prominent role in determining an applicant's eligibility. With a 720 credit score indicating your creditworthiness and financial stability, you can expect your loan application to be approved promptly by the lending institutions. Moreover, your bank can also offer you the chosen loan amount at a lower interest rate if you have a 720 credit score.

Home Loans for 720 Credit Score

As home loans have the longest repayment tenures, lenders follow strict eligibility requirements to prevent defaults and minimise their losses. The credit score is, thus, crucial in determining whether your home loan application is approved and how much the lender will sanction the amount at what interest rate. 

720 credit score, as discussed earlier, is a high score and demonstrates a good level of creditworthiness. Consequently, as long as you fulfil the other eligibility criteria, you will be able to get home loans with your preferred loan amount at affordable interest rates. 

Auto Loans for 720 Credit Score

Compared to home loans, the impact of credit scores on car loans is less. With that said, providers still utilise the credit score to verify the applicant’s creditworthiness. With a 720 credit score, you can expect swift approvals for your auto loan application along with better terms (lower interest rates, higher loan amounts, and more). 

Insurance Plans with a 720 Credit Score

With a 720 credit score, you can avail of an insurance plan with lower premiums. The impact of the credit score, however, is less noticeable for insurance compared to credit products.

How to Get a 720 Credit Score?

As you may have observed above, having a credit score of 720 can be immensely beneficial when you apply for a credit card, loan, insurance plan, and so on in terms of approval as well as the terms and conditions. 

It’s worth noting that credit score is dynamic and ever-changing. Thus, even if your credit score is lower than 720, you can still perform a few steps to take it above 720. 

Given below are some tips to help you can achieve a 720 credit score:

Don't Overlook EMIs or Credit Card Payments

Periodic and timely payment of credit card dues and loan instalments is one of the most influential factors with respect to the computation of your credit score. By repaying loans and credit card dues punctually, you can maintain or build a 720 credit score over time. Avoiding late payments is one of the easiest ways to avail 720 credit score.

Here are some tips on how to do that:

  • Maintain a monthly bill filing system (either in writing or digitally)
  • Set up due-date alerts to keep you notified about upcoming bills
  • Use your bank account to automate bill payments

Maintain Low Credit Utilisation Ratio

Credit utilisation ratio illustrates how much of your credit limit is being used by you currently. One can easily improve their credit score by keeping this ratio low. Keeping your credit utilisation in check is as simple as paying off your credit card balances every month and avoiding overspending. As a general rule, it is recommended to keep your outstanding balances below 30% of your total credit limit. To get a 720 credit score, however, you should aim to reduce the ratio to 10% or less. 

Another way to get a 720 credit score is to increase your credit limit without raising your balance. A credit limit increase can usually be requested online or by phone. However, one must still be careful with their spending even with an increased limit.

Limit the Number of Applications 

Among the least known factors related to credit score, applying for multiple credit cards or loans at a time can have a detrimental impact on your credit score. So instead of directly applying for multiple credit cards or loans, you should first check your credit score and compare the most suitable plans available as per your credit score, income, and other eligibility criteria online. 

At the time of calculating your score, your history of applications will be analysed. While checking plans on online platforms won’t be present here, having multiple ‘hard’ enquiries (actual applications) will reflect here. Thus, you can easily get a 720 credit score by limiting the number of applications at a time.

Avoid Cancelling or Changing Old Credit Cards

A card issuer may ask you to cancel your old credit card if you have been paying your bills on time for a long time and may also give you attractive offers when you cancel or change your old card. However, this is something that you need to avoid.

The long-term existence of your credit card account proves that you have been paying your bills on time, with the age of your credit lines also impacting your credit score. When you cancel an old credit card, the boost that it can give you in terms of longevity also ends. 

Thus, instead of cancelling or changing old credit cards, you can discuss other possibilities with your bank while also letting them know about your concerns. By maintaining a credit card properly for a long time, you can easily achieve a 720 credit score.

How to Check a Credit Score? 

There are two options available for applicants to check their credit scores.

Policybazaar UAE (Free)

You can quickly check your credit score for free by visiting the Policybazaar UAE credit score page. For this, simply visit policybazaar.ae and head to the ‘Credit Score’ section under the ‘Credit Cards’ category and provide the required information to access your credit score for free.

AI Etihad Credit Bureau Website

You can also check your credit score on the AI Etihad Credit Bureau website and even get a detailed credit report there. However, keep in mind that the AECB will charge you a fee for providing both credit scores and credit reports. 

The fees for checking your credit score via the AECB are as follows:


Online Price* 

Offline Price* 


AED 10.5

AED 21


AED 10.5

AED 21


AED 10.5

AED 21

*(inclusive of VAT 5%)

Key Takeaways

A 720 credit score is a high credit score in the UAE. If you have a credit score as high as 720, you can easily access credit products with better terms related to interest rates, loan amount/credit limit, and so forth. 

To enjoy the benefits of having a credit score of 720, one can always aim to improve their credit score in the UAE by following a few steps like paying bills and instalments on time, maintaining old credit cards and low credit utilisation ratio, limiting the number of applications for loans and credit cards, and so on.

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