This paper studies the possible chaotic behaviors in a memristive oscillator with cubic nonlinearities via harmonic balance method which is also called the method of describing function. This method was proposed to detect chaos in classical Chua's circuit. We first transform the considered memristive oscillator system into Lur'e model and present the prediction of the existence of chaotic behaviors. To ensure the prediction result is correct, the distortion index is also measured. Numerical simulations are presented to show the effectiveness of theoretical results.