If Sesame Credit reaches 650 points, it can be considered to have good or excellent credit.

Generally speaking, Zhima credit scores can be divided into five levels. The specific levels are as follows: 350 to 550 points are poor credit; 550 points to 600 points are medium credit; 600 points to 650 points A score between 650 and 700 is considered good credit; a score between 700 and 950 is considered excellent credit.

The calculation of Sesame Credit Score is mainly divided into the following five aspects.

1. Identity traits (15%): enough rich and reliable basic personal information left during the use of relevant services;

2. Behavioral preferences (20%): Preference and stability in shopping, payment, transfer, financial management and other activities;

3. Personal connections (5%): friends’ identity characteristics and degree of interaction with friends;

4. Credit history (35%): past credit account repayment record and credit account history;

5. Performance ability (25%): enjoy various credit services and ensure timely performance.

How to improve personal Zhima credit score

1. Use Huabei more: As long as you can pay with Huabei, try to use Huabei to pay, preferably in installments, so that everyone Repay a certain amount every month, and each repayment is equivalent to fulfilling the contract.

2. Use more Alipay transfers: the more transfers you make, the greater the amount, and the value of your Zhima Credit Score will also increase.

3. Use Alipay to repay credit cards: repay credit cards regularly every month, and at the same time, the bank system can find your spending power level to a certain extent through the credit card consumption records

4. Use Alipay pays daily miscellaneous expenses: such as phone bills, water bills, electricity bills, gas bills, broadband bills, property bills, etc.

What are the uses of Zhima Credit Score

1. Increase personal Huabei limit;

2. Open various online loan services, such as Borrowing, Good term loans, online bank loans, etc.;

3. Can apply for tourist visa;

4. No deposit required when renting a house or car on the Alipay platform;

5. Enjoy zero deposit treatment when staying in a hotel;

Sesame score can be said to be an evaluation standard for credit loans. The higher the score, the easier it is to get a loan, and the higher the loan amount will be. Common products, such as Huabei, have the lowest application threshold. As long as your score is above 650, you can open Huabei. There is also Ant Borrower. If the score is above 600 points, you will have the opportunity to open it. Sesame points are very important for Borrower.

In addition to Huabei and Jiebei, Alipay also has a reserve fund and a new insurance service called Xiangbao. The reserve fund can only be used by gold members with a sesame score of 650 or more. Xiang Xiang Bao is a new insurance service launched by Alipay. As long as you pay a small amount every month, you can share the payment together in the event of a serious illness.