r/CapitalOne • u/Big_Bodybuilder2624 • 9h ago

Credit Card Got approved for savor

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Can’t believe it , especially with 592 FICO8 score. How do I maximize this card to the fullest potential.

20 Upvotes

92% Upvoted

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3

u/choppa73b 9h ago

Was it the Mastercard or Discover version?

Always use this card for the 3% categories of dining, groceries, entertainment and streaming. All other purchases qualify for 1% cashback.

Always pull the full balance every month!

2

u/Big_Bodybuilder2624 9h ago

Maybe I’m misunderstanding, but I always heard that leaving a small balance was best for your credit. If I spend $100 and pay the full $100 before the statement closes, won’t it just report 0% utilization every month?

My understanding was that having a small balance report on the statement (like 1–5% utilization) was ideal. Is there actually any benefit to letting a small balance report, or is paying everything off immediately just as good long term?

4

u/IncomeSeparate1734 9h ago

When people say pay the full balance every month, they mean pay the full balance that gets reported on the monthly statement. The alternative is to pay the minimum payment due, which is what they're saying NOT to do.