An excellent credit rating is a good thing. My credit rating made it possible for me to get 2% cash back for everything I buy using my Citibank credit card.

What is a FICO® Score? — FICO Credit Education Series

Whether you’re buying a home, a car or applying for a credit card – lenders want to know the risk they’re taking by lending you money. FICO® Scores are the credit scores used by 90% of top lenders to determine your credit risk. Your FICO® Scores can affect how much money a lender will lend you and at what terms (interest rate). Higher FICO® Scores can often help you qualify for better rates from lenders – which can save you money!