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New Contributor
nishant1
Posts: 108
Registered: ‎12-23-2012

Chase credit cards do not allow credit balance

My Chase credit card statement balance for last month was $700

 

My Chase current credit balance is $400 due to holiday gift return credits from merchants.

 

To avoid any doubts on interest payment if not paid full balance, I tried to pay full statement balance on Chase online, but it does not allow payment which results in credit balance on card.

 

I have 18 other credit cards and though not for all but for many cards, I did not run into such situation.

 

As I mentioned in my other post, to pay property taxes of $18,000 to get 6.25% cash back on initial BoA credit card offer of 5% cash  back on everything with 25% bonus, I first paid the credit card and then charged the credit card to avoid high utilization rate with that transaction.

 

I donot intend to maintain credit balance on all cards but when ran into issue, I want to share my observation.

Valued Contributor
creditnocash
Posts: 2,185
Registered: ‎07-23-2012

Re: Chase credit cards do not allow credit balance

try pushing through your bank? 

Current: Discover Fico 689 7/14 Walmart Fico 682 7/14

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
New Contributor
nishant1
Posts: 108
Registered: ‎12-23-2012

Re: Chase credit cards do not allow credit balance

Good point. I already paid. I will try next time to see whether it works.

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HiLine
Posts: 2,836
Registered: ‎10-19-2012

Re: Chase credit cards do not allow credit balance


creditnocash wrote:

try pushing through your bank? 


+1

 

Many other creditors won't let you pay an amount that exceeds the current balance, unless you send them a physical check or an e-check through your bank. 

Established Member
nick125
Posts: 40
Registered: ‎03-30-2012

Re: Chase credit cards do not allow credit balance

Yeah, this is pretty common...none of my cards allow me to have a credit balance unless I push the payment through or have a return go through.

Alliant CU (12/11, $2.5k); Chase Freedom (3/12, $2k); Discover IT (7/12, $3.5k); American Express Blue Cash Preferred (10/13; $10.3k)

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