Which of the following is a benefit of a high credit score?

A high credit score is a significant benefit because it often leads to better interest rates on loans and credit products. Lenders consider individuals with high credit scores to be lower risk, which means they are more likely to repay borrowed funds. As a result, these individuals can qualify for loans with more favorable terms, such as lower interest rates.

This advantage allows consumers to save money over the life of a loan, whether it’s for a mortgage, auto loan, or credit card. Lower interest rates can significantly reduce monthly payments and the total amount paid in interest, making borrowing more affordable. This is why maintaining a high credit score is essential for financial health and planning.