New Delhi, June 5 -- Being in the safe range of credit score (600-700) offers several advantages. Without being excellent, this range is typically believed to be fair. It can unlock myriad financial opportunities which are not available to those with poor scores. Here, we list out the key benefits of having a reasonably good score.

1. Better access to credit: When your credit score is high, you are more likely to be approved for financial products such as personal loans, credit cards and other financial products as compared to someone with a poor credit score (i.e., lower than 600).

While premium cards or large loans may remain out of reach, some banks could consider your application.

2. Lower rates of interest: You may still not be ab...