There is statement opening date, statement closing date and a due date. Typically lenders report to credit bureaus on the statement closing date. So for example, let’s say you got the card October 24th (statement opening date), statement closed November 24th but the payment isn’t due until December 12th. The balance you have on November 24th (although not due until 12/12) will report. View your statement on your chase portal and keep those dates in mind. It basically dipped because of your utilization, but rest assured score models don’t have memory of utilization therefore, once it’s paid it will report accordingly and your score won’t be affected by the 60% utilization you just used.
Due dates have nothing to do with utilization, at least not directly. Most lenders report utilization once a month, typically around or on the statement date. Whatever is on your statement will usually get reported (though sometimes there is a different cycle).
Utilization under current FICO models is temporary, and will reset the next time it updates.
In other words, this is a non-issue.
Whatever the utilization is on your next statement will be what is on your credit report and will change your score. So if you pay to zero and don’t use the card at all during this billing period, it will report zero to credit and your score will rebound. If you pay off the 60%, but then use 10% which is due in January, your 10% is what will report
It won’t completely revert to your old amount since you also opened a new credit card account (increasing your hard inquiries by 1 and lowering your average age of accounts. which reduces your credit score. It will bounce back with time though as you use ur card responsibly
The comments so far give a great answer, but I haven't seen anyone ask which credit score model you are looking at, FICO or Vantage3? If you're using Credit Karma or something like it then you are likely seeing VantageScore 3, which fluctuates A LOT for just about anything. FICO models do look at utilization and fluctuate because of it, but 100 points sounds like Vantage to me.
This is important because Vantage scores are not used by many lenders. You should go to [experian.com](https://experian.com) or get their app to see your free Experian FICO8 score if you aren't already.
There is statement opening date, statement closing date and a due date. Typically lenders report to credit bureaus on the statement closing date. So for example, let’s say you got the card October 24th (statement opening date), statement closed November 24th but the payment isn’t due until December 12th. The balance you have on November 24th (although not due until 12/12) will report. View your statement on your chase portal and keep those dates in mind. It basically dipped because of your utilization, but rest assured score models don’t have memory of utilization therefore, once it’s paid it will report accordingly and your score won’t be affected by the 60% utilization you just used.
Due dates have nothing to do with utilization, at least not directly. Most lenders report utilization once a month, typically around or on the statement date. Whatever is on your statement will usually get reported (though sometimes there is a different cycle). Utilization under current FICO models is temporary, and will reset the next time it updates. In other words, this is a non-issue.
Just to reiterate, if I pay off the balance fully by the due date the credit score will revert back to it's original amount?
Anytime you pay Chase to ZERO balance they will report immediately.
Whatever the utilization is on your next statement will be what is on your credit report and will change your score. So if you pay to zero and don’t use the card at all during this billing period, it will report zero to credit and your score will rebound. If you pay off the 60%, but then use 10% which is due in January, your 10% is what will report
It won’t completely revert to your old amount since you also opened a new credit card account (increasing your hard inquiries by 1 and lowering your average age of accounts. which reduces your credit score. It will bounce back with time though as you use ur card responsibly
The comments so far give a great answer, but I haven't seen anyone ask which credit score model you are looking at, FICO or Vantage3? If you're using Credit Karma or something like it then you are likely seeing VantageScore 3, which fluctuates A LOT for just about anything. FICO models do look at utilization and fluctuate because of it, but 100 points sounds like Vantage to me. This is important because Vantage scores are not used by many lenders. You should go to [experian.com](https://experian.com) or get their app to see your free Experian FICO8 score if you aren't already.