How do you increase a credit score from 700's to 800 plus?

I’ve been good with paying my bills for a long time. I have two credit cards, and I always pay them in full every month. I also have a backup credit card for emergencies, but I rarely use it. Besides that, I have a loan for my car and a mortgage for my house. Recently, my credit score hasn’t been improving, and I noticed a drop on Credit Karma. I think it might be because I withdrew a lot of cash to buy a new HVAC unit.

Someone said that paying your credit card twice a month could help your credit score. Is that true? What else can I do to improve my credit score?

@Implementing strategies such as paying credit card balances twice a month to maintain a lower credit utilization ratio, monitoring cash withdrawals to avoid signaling financial stress, and diversifying credit types while regularly checking credit reports for inaccuracies can all contribute to boosting your credit score. Additionally, refraining from closing old accounts and maintaining responsible credit habits over time will likely yield positive results. It’s essential to exercise patience and consistency while considering consulting with financial professionals for tailored advice on credit management.

Raising your credit score from the 700s to an exceptional 800 or above is an achievable goal with dedication and financial responsibility. Here are key steps to help you achieve that:

On-Time Payments:
Pay your bills on time every month, even if it’s just the minimum payment due. Consistent on-time payments significantly impact your credit score.
Credit Utilization:
Keep your credit card balances low. Aim for a utilization rate below 30% of your available credit limit. High utilization can negatively affect your score.
Account Age and Type:
Maintain older accounts. The longer your credit history, the better. Avoid closing old accounts unless necessary.
Diversify your credit mix by having a mix of credit cards, installment loans, and mortgages.
New Accounts and Inquiries:
Limit new credit applications. Frequent credit inquiries can temporarily lower your score.
When applying for new credit, do so selectively and avoid multiple applications in a short period.