Reply
New Contributor
Posts: 107
Registered: ‎12-23-2012
0

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
Posts: 2,270
Registered: ‎07-23-2012
0

Re: Chase credit cards do not allow credit balance

try pushing through your bank? 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$6,400
Citi DC $10,000
Citizens Mastercard$7,000
New Contributor
Posts: 107
Registered: ‎12-23-2012
0

Re: Chase credit cards do not allow credit balance

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

Blogger
Posts: 3,355
Registered: ‎10-19-2012
0

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. 

Valued Member
Posts: 44
Registered: ‎03-30-2012
0

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, $5k); Chase Freedom (3/12, $3.3k); Discover IT (7/12, $7.5k); American Express Blue Cash Preferred (10/13; $19k); Capital One Venture (3/15; $15k)
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.