cute is good. if your not together its probably meaning your pretty or beautiful. if and when you would get together he would switch cute to these words. saying beautiful to you without you being dressed up for a date or something would be to intimate for friends or just liking each other. he says cute because he is interested and attracted.
I get called cute all the time, from what I've heard from guys 'cute' is more of the whole package. Like you look innocent, and act kinda young you're considered cute. But this is so not a bad thing. It's a good thing :)