Within the current financial ecosystem, credit scores are now the default method to judge someone’s worthiness for loans, credit cards, and other financial products. Banks, financial institutions, and fintechs use of this number is significant, which encourages consumers to actively ensure their credit profile stays positive.
On June 18th, 2025, Nithin Kamath, Co-Founder of Zerodha, shared his credit score, which was 747 out of 900, on X (formerly, Twitter), sarcastically asking is he “not good enough” for a place on CRED, a fintech that is known for having limits above 700 to participate in its experience.
At face value, the comment may seem playful, but it raises a bigger and genuinely troublesome point. Is the fintech sector in India becoming a symbol of your social status (thus eliminating otherwise creditworthy users) instead of evaluating a responsible citizen on financial responsibility?
Top companies that give Credit scores:
- TransUnion CIBIL
- Experian
- Equifax
- CIRF High Mark
A Credit Score is a three-digit score ranging from 300 to 900. A credit score gives Insight into the creditworthiness of a person. It is calculated by considering:
- Payment History
- Credit Utilization
- Length of Credit History
- Credit Mix
- New Credit Enquiries
The credit score is classified as:
- 300 to 579: Poor
- 580 to 669: Fair
- 670 to 749: Good
- 750 to 799: Very Good
- 800 to 900: Excellent
The credit score of Nithin Kamath is 747, which is Good and just 3 points short of Very Good.
The Score is Based on Multiple factors, including:
- Payment History: Timeliness of credit card or loan payments
- Credit Utilization: What percentage of available credit is being utilized
- Length of Credit History: Age of active credit accounts
- Credit Mix: Types of credit products (loans, cards, etc).
Major Credit Bureau in India
- TransUnion CIBIL
- Experian
- Equifax
- CRIF High Mark
Credit Score Categories:
| Score Range | Rating | Meaning |
|---|---|---|
| 300 – 579 | Poor | High risk; difficult to get credit |
| 580 – 669 | Fair | Moderate risk; limited approval chances |
| 670 – 749 | Good | Generally eligible for credit products |
| 750 – 799 | Very Good | Preferred by most lenders |
| 800 – 900 | Excellent | Top-tier borrower; best offers available |
To provide some context, Nithin Kamath’s credit score is 747, or in this case, is “Good,” which is only 3 points shy of “Very Good.” It’s a strong score. But his tweet suggests that the assumption some people have that only those with a score of 750+ are “worthy” for premium financial services, etc.
Is the Credit Score of 747 really ‘Not Good Enough”
The credit score of 747 is more than good enough. Most of the banks and NBFCs consider a credit score of 700+ as a zone of trust. An individual with a credit score of 747 is eligible for loans with lower Interest rates, credit cards, etc. But the FinTech firms like CRED are not banks; they are consumer brands, so they focus more on Positioning. To position themselves as a top company, they keep their cutoff to 750.
Why does CRED have a limit of 750+ :
- CRED is a platform that provides a service for payment of credit card bills, it also reward users with cashbacks, coins and provides offers.
- CRED only accepts individuals with high credit scores, it targets the premium segment of the market and also offer better experience.
- The limit of 750+ helps CRED:
- To reduce the risk of defaults
- It boosts exclusivity (invites only a specific group)
- Attract premium customers and premium brands
Conclusion:
The tweet of Nithin Kamath is more than a joke or a question. It tells how FinTech firms are excluding even the responsible borrowers by having a high credit score limit. It is very difficult to maintain a credit score above 700. But, in the case of CRED, their limit is 750, which is too high. It is not always only about the number in the credit score; they should also consider:
- Financial Responsibility
- Ability to manage finance
- Staying Debt Free
Written by N G Sai Rohith
