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New Contributor
Posts: 107
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
Posts: 2,300
Registered: ‎07-23-2012

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$7,400
Citi DC $10,000
Citizens Mastercard$7,000
New Contributor
Posts: 107
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.

Posts: 3,367
Registered: ‎10-19-2012

Re: Chase credit cards do not allow credit balance

creditnocash wrote:

try pushing through your bank? 



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

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)

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