Lenders are more likely to extend an attractive rate for your home loan when you have a high credit score and clean credit history. You might also have more negotiating power when it comes to closing costs and other fees. Since banks are competing for your business, it’s in their best interest to offer you the best possible deal in town.

Credit-savvy consumers know that it pays to use reward credit cards as long as they pay off the balance each month. The best rewards cards for people with excellent credit often provide the most attractive rewards points, free gifts, cash-back deals, and low introductory rates. While earning these bonuses is nice, make sure you don’t overspend or carry a balance on these credit cards.