Several years ago when my Chase card was near maxed, I found that even if they reverse the fee, they still consider it a 'default.' I could never get them to give me back the special I had. I would recommend you do what you can to pay it off.
Your best bet at this point would be to look for another card you can transfer your balance to. You may get lucky and they will reverse it, but you can use the threat of transferring the balance as a point in your favor.
All I can say is good luck with this. Same thing happened to me while I was on vacation (went over my limit by <$20). I called in every person I knew at Chase since that is where I bank and although I got all the fees reversed they would not budge on the rate increase.
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