Range

• FICO credit scores start at a high of 850 and can run all the way down to 300. The higher your score, the better your credit rating. This means that 808 would be considered an excellent credit score because it is so close to the top of the scale.
  
  

Benefits

• An 808 credit score is high enough to earn special benefits. You won't have any problems opening new credit card accounts or getting loans. You'll be able to buy anything from furniture to a car to a house without any credit rating issues. You'll also qualify for the lowest interest rates. According to FICO, with an 808 credit score, you'll pay about 1 percent less in interest than someone with a 659.
  
  

Factors

• Many factors go into achieving an 808 credit score. An excellent score requires a good payment history, with no late payments on your loans and other accounts. FICO says you must also have reasonable account balances as compared to your income. You must have long-term accounts that are in good standing and be using a good balance of account types, including both credit cards and installment accounts such as car or furniture loans.
  
  

Frequency

• According to Tamara Holmes of Bankrate, only 13 percent of U.S. residents have a credit score exceeding 800. If your score is 808, you fall into this elite percentage of people with a top-tier score. The majority of people have a score between 799 and 750, with 27 percent of the population falling into that category. A score in the high 700s is still good.
  
  

Warning

• Your credit score changes continually, based on your financial activities. If you have an 808 credit score, you'll need to maintain an on-time payment history and handle your accounts responsibly to maintain it. If you miss payments, open too many accounts or even make too many applications in a short period of time, your 808 credit score will go down.