Yes, Chase (and other major Credit Card companies) have that option to either transfer balance from another loan/credit card or provide you cash, which you can use in whatever way you choose.

This will give you more insights into balance transfer and the things need to be careful about doing balance transfers:
http://www.creditcards.com/credit-card-news/help/9-things-you-should-know-about-balance-transfers-6000.php