The Pierce Hawthorne actor publicly feuded with Community creator Dan Harmon prior to Harmon being fired by NBC at the end of season three.
Chase signed to return for the show's fourth season in June, but has now claimed that he regrets ever joining Community.
"It was a big mistake," the comedian told The Huffington Post UK.
He further explained: "I saw this pilot script, thought that it was funny, and I went into the room where they were casting and said, 'I would love to play this guy'. Then they mulled it over.
"Then they hired me and I just sort of hung around because I have three daughters and a wife, and I figured out I might as well make some bread, every week, so I can take care of them in the way they want."
Chase also appeared to insult his fellow Community cast members while explaining why the television job is so difficult.
"The hours are hideous, and it's still a sitcom on television, which is probably the lowest form of television. That's my feeling about it," he said. "I think the reason I have stuck around is because I love these kids, the cast - they are very good."
He went on: "It's not like I am working with the great innovators of all time, but at the same time, they are my friends and I am out, and one of my daughters is out here, and wants to be in the business, so she is living with me.
"I will have some time off and I will be looking for a film, which I think will be my next thing, my next move."
Chase's Community co-stars have not responded to his comments.
Community premieres its fourth season on Friday, October 19 at 8.30/7.30c on NBC.