Good credit is a general term. Credit bureaus have various requirements to achieve what they define as "good" credit. For instance, FICO's good credit score ranges from 670 to 739 out of a possible 300 to 850 points. FICO is one of the most popular scoring methods, but it's not the only one. With VantageScore 4.0, another popular scoring model, your score must be between 661 and 780. Creditors see prospective cardholders with good credit as lower risk. Individuals with a clean credit history are more likely to spend carefully and make payments on time and are less likely to default on their card balances. As a result, having good credit means you're more likely to get approved for most credit cards at a lower interest rate and higher limit.