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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.
try pushing through your bank?
Current: Fico ScoresEQ~706 TU~719 EX 709 4/28/23 Inquiries (24 Months): EQ 0 TU 0 EX 0| Most Recent: A LONG WHILE | Buy A Home Earn Cash Back | Amex Zync(Unicorn) Chase Freedom$1500 Discover IT$7,400 Citi DC $10,000 Citizens Mastercard$7,000 |
Good point. I already paid. I will try next time to see whether it works.
@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.
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.