Form 8-K

-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UpaT+FfYDM0i2ugOWU3s06GrpLFTblh4uHA/3+3hbs5H3M7f3/5oYwaJO9PgcWfn nxjRQhya5JqoYKF2i1KLXw== 0001193125-06-254068.txt : 20061215 0001193125-06-254068.hdr.sgml : 20061215 20061215115308 ACCESSION NUMBER: 0001193125-06-254068 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061215 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20061215 DATE AS OF CHANGE: 20061215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHASE CREDIT CARD MASTER TRUST CENTRAL INDEX KEY: 0001004988 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 222382028 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28338-03 FILM NUMBER: 061279341 BUSINESS ADDRESS: STREET 1: WHITE CLAY CENTER, BUILDING 200 STREET 2: ROUTE 273 CITY: NEWARK STATE: DE ZIP: 19711 BUSINESS PHONE: 3025755000 MAIL ADDRESS: STREET 1: WHITE CLAY CENTER, BUILDING 200 STREET 2: ROUTE 273 CITY: NEWARK STATE: DE ZIP: 19711 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL MASTER CREDIT CARD TRUST I DATE OF NAME CHANGE: 19951219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHASE BANK USA, NATIONAL ASSOCIATION CENTRAL INDEX KEY: 0000869090 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 222382028 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19191 FILM NUMBER: 061279342 BUSINESS ADDRESS: STREET 1: WHITE CLAY CENTER BUILDING 200 STREET 2: ROUTE 273 CITY: NEWARK STATE: DE ZIP: 19711 BUSINESS PHONE: 3025755000 MAIL ADDRESS: STREET 1: WHITE CLAY CENTER BUILDING 200 STREET 2: ROUTE 273 CITY: NEWARK STATE: DE ZIP: 19711 FORMER COMPANY: FORMER CONFORMED NAME: CHASE BANK USA DATE OF NAME CHANGE: 20050316 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN BANK USA DATE OF NAME CHANGE: 19950307 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JPMorgan Chase Bank, National Association CENTRAL INDEX KEY: 0000835271 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 134994650 STATE OF INCORPORATION: X1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28338-09 FILM NUMBER: 061279343 BUSINESS ADDRESS: STREET 1: 1111 POLARIS PARKWAY CITY: COLUMBUS STATE: OH ZIP: 43240 BUSINESS PHONE: 8009927169 MAIL ADDRESS: STREET 1: 1111 POLARIS PARKWAY CITY: COLUMBUS STATE: OH ZIP: 43240 FORMER COMPANY: FORMER CONFORMED NAME: CHASE MANHATTAN BANK /NY/ DATE OF NAME CHANGE: 19960911 FORMER COMPANY: FORMER CONFORMED NAME: CHEMICAL BANK DATE OF NAME CHANGE: 19930521 8-K 1 d8k.htm FORM 8-K Form 8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): December 15, 2006

CHASE CREDIT CARD MASTER TRUST

Series 2001-6, Series 2002-1, Series 2002-3, Series 2002-5,

Series 2002-7, Series 2003-2, Series 2003-3, Series 2003-4,

Series 2003-5, Series 2003-6, Series 2004-1 and Series 2004-2

(Issuer of Securities)

CHASE BANK USA, NATIONAL ASSOCIATION

(Sponsor of the Trust)

(Exact name of registrant as specified in its charter)

United States

000-28338-03

22-2382028

(State or other jurisdiction

of incorporation)

(Commission File Number.)

(IRS Employer

Identification No.)

White Clay Center Building 200, Route 273

Newark, Delaware

19711

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (302) 575-5000

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01 Other Events.

Chase Credit Card Master Trust, which was formerly known as Chemical Master Credit Card Trust I, is the issuer of a number of outstanding series of asset backed certificates. The asset backed certificates are serviced in accordance with the Fourth Amended and Restated Pooling and Servicing Agreement, dated as of March 14, 2006, as amended (the “Pooling and Servicing Agreement”). The parties to the Pooling and Servicing Agreement are JPMorgan Chase Bank, National Association (f/k/a The Chase Manhattan Bank), as transferor prior to June 1, 1996, Chase Bank USA, National Association (f/k/a Chase Manhattan Bank USA, National Association) (“Chase USA”), as transferor on and after June 1, 1996, and as servicer, and The Bank of New York, as trustee.

On or about December 15, 2006, Chase USA, as servicer, distributed monthly payments to the holders of the Series 2001-6, Series 2002-1, Series 2002-3, Series 2002-5, Series 2002-7, Series 2003-2, Series 2003-3, Series 2003-4, Series 2003-5, Series 2003-6, Series 2004-1 and Series 2004-2 certificates. Chase USA furnished copies of monthly certificateholders’ reports for each of those series as required by the Pooling and Servicing Agreement. Copies of those monthly certificateholders’ reports are being filed as an exhibit to this current report on Form 8-K.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Exhibit No.		Description
99.1		Excess Spread Analysis

99.2		Monthly Reports with respect to the December 15, 2006 distribution

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


CHASE BANK USA, NATIONAL ASSOCIATION, as Servicer

By:		/s/ Patricia M. Garvey
Name:		Patricia M. Garvey
Title:		Vice President

Date: December 15, 2006

INDEX TO EXHIBITS


Exhibit No.		Description
99.1		Excess Spread Analysis

99.2		Monthly Reports with respect to the distribution to certificateholders on December 15, 2006

EX-99.1 2 dex991.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - November 2006


Series Deal Size Expected Maturity	2001-6 $1,200MM 12/15/2006		2002-1 $1,000MM 3/15/2007		2002-3 $1,500MM 6/15/2009		2002-5 $1,000MM 7/15/2007		2002-7 $750MM 11/15/2007		2003-2 $1,340MM 4/15/2008
Yield	16.78	%	16.72	%	16.72	%	16.72	%	16.72	%	16.72	%
Less: Coupon	5.83	%	5.47	%	5.54	%	5.46	%	5.51	%	5.50	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	4.10	%	4.10	%	4.10	%	4.10	%	4.10	%	4.10	%
Excess Spread:
November-06	5.35	%	5.65	%	5.58	%	5.66	%	5.61	%	5.62	%
October-06	6.25	%	6.27	%	6.21	%	6.28	%	6.23	%	6.24	%
September-06	5.04	%	5.06	%	4.99	%	5.06	%	5.02	%	5.02	%
Three Month Average Excess Spread	5.55	%	5.66	%	5.59	%	5.67	%	5.62	%	5.63	%

Delinquency:
30 to 59 Days	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%
60 to 89 Days	0.73	%	0.73	%	0.73	%	0.73	%	0.73	%	0.73	%
90+ Days	1.60	%	1.60	%	1.60	%	1.60	%	1.60	%	1.60	%
Total	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%

Principal Payment Rate	16.90	%	16.90	%	16.90	%	16.90	%	16.90	%	16.90	%

Series Deal Size Expected Maturity	2003-3 $1,425MM 7/15/2008		2003-4 $725MM 10/15/2013		2003-5 $1,000MM 10/15/2008		2003-6 $2,000MM 11/15/2008		2004-1 $1,500MM 2/15/2007		2004-2 $1,750MM 6/15/2007
Yield	16.72	%	16.72	%	16.72	%	16.72	%	16.72	%	16.72	%
Less: Coupon	5.48	%	5.63	%	5.48	%	5.46	%	5.35	%	5.37	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	4.10	%	4.10	%	4.10	%	4.10	%	4.10	%	4.10	%
Excess Spread:
November-06	5.64	%	5.49	%	5.64	%	5.66	%	5.77	%	5.75	%
October-06	6.26	%	6.11	%	6.27	%	6.28	%	6.39	%	6.37	%
September-06	5.04	%	4.90	%	5.05	%	5.07	%	5.18	%	5.16	%
Three Month Average Excess Spread	5.65	%	5.50	%	5.65	%	5.67	%	5.78	%	5.76	%

Delinquency:
30 to 59 Days	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%	1.02	%
60 to 89 Days	0.73	%	0.73	%	0.73	%	0.73	%	0.73	%	0.73	%
90+ Days	1.60	%	1.60	%	1.60	%	1.60	%	1.60	%	1.60	%
Total	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%	3.35	%

Principal Payment Rate	16.90	%	16.90	%	16.90	%	16.90	%	16.90	%	16.90	%

EX-99.2 3 dex992.htm MONTHLY REPORTS WITH RESPECT TO THE DECEMBER 15, 2006 DISTRIBUTION Monthly Reports with respect to the December 15, 2006 distribution

Exhibit 99.2

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2001-6


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Accumulation



(i)	Monthly Principal Distributed		192,000,000.00		192,000,000.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		0.00
	Class B Note Interest Requirement		406,000.00
	Net Class C Note Interest Requirement		527,244.09		933,244.09

(iii)	Collections of Principal Receivables				202,816,320.96
(iv)	Collections of Finance Charge Receivables				2,755,228.56

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				192,000,000.00
	Adjusted Interest				192,000,000.00

	Floating Investor Percentage				0.85	%
	Fixed Investor Percentage				5.33	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				773,317.95

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				80,000.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.68	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				2,604,439.08

(xvii)	Note Rate	Class A	5.45000	%
		Class B	5.80000	%
		Class C	6.42000	%
(xviii)	Spread Account				0.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2002-1


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		3,794,000.00
	Class B Note Interest Requirement		333,083.33
	Net Class C Note Interest Requirement		430,370.08		4,557,453.41

(iii)	Collections of Principal Receivables				169,013,600.80
(iv)	Collections of Finance Charge Receivables				14,350,148.77

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,000,000,000.00
	Adjusted Interest				1,000,000,000.00

	Floating Investor Percentage				4.44	%
	Fixed Investor Percentage				4.44	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				4,027,697.64

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				416,666.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				13,516,815.44

(xvii)	Note Rate	Class A	5.42000	%
		Class B	5.71000	%
		Class C	6.30000	%
(xviii)	Spread Account				10,000,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2002-3


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		5,764,500.00
	Class B Note Interest Requirement		504,875.00
	Net Class C Note Interest Requirement		651,180.09		6,920,555.09

(iii)	Collections of Principal Receivables				253,520,401.19
(iv)	Collections of Finance Charge Receivables				21,525,223.15

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,500,000,000.00
	Adjusted Interest				1,500,000,000.00

	Floating Investor Percentage				6.66	%
	Fixed Investor Percentage				6.66	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				6,041,546.46

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				625,000.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				20,275,223.15

(xvii)	Note Rate	Class A	5.49000	%
		Class B	5.77000	%
		Class C	6.35000	%
(xviii)	Spread Account				15,000,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2002-5


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		3,794,000.00
	Class B Note Interest Requirement		331,333.33
	Net Class C Note Interest Requirement		428,120.08		4,553,453.41

(iii)	Collections of Principal Receivables				169,013,600.80
(iv)	Collections of Finance Charge Receivables				14,350,148.77

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,000,000,000.00
	Adjusted Interest				1,000,000,000.00

	Floating Investor Percentage				4.44	%
	Fixed Investor Percentage				4.44	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				4,027,697.64

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				416,666.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				13,516,815.44

(xvii)	Note Rate	Class A	5.42000	%
		Class B	5.68000	%
		Class C	6.27000	%
(xviii)	Spread Account				10,000,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2002-7


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		2,856,000.00
	Class B Note Interest Requirement		251,562.50
	Net Class C Note Interest Requirement		337,965.05		3,445,527.55

(iii)	Collections of Principal Receivables				126,760,200.59
(iv)	Collections of Finance Charge Receivables				10,762,611.57

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				750,000,000.00
	Adjusted Interest				750,000,000.00

	Floating Investor Percentage				3.33	%
	Fixed Investor Percentage				3.33	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				3,020,773.23

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				312,500.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				10,137,611.57

(xvii)	Note Rate	Class A	5.44000	%
		Class B	5.75000	%
		Class C	6.57000	%
(xviii)	Spread Account				7,500,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2003-2


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		5,093,340.00
	Class B Note Interest Requirement		443,205.00
	Net Class C Note Interest Requirement		608,855.90		6,145,400.90

(iii)	Collections of Principal Receivables				226,478,225.07
(iv)	Collections of Finance Charge Receivables				19,229,199.35

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,340,000,000.00
	Adjusted Interest				1,340,000,000.00

	Floating Investor Percentage				5.95	%
	Fixed Investor Percentage				5.95	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				5,397,114.84

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				558,333.33

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				18,112,532.68

(xvii)	Note Rate	Class A	5.43000	%
		Class B	5.67000	%
		Class C	6.62000	%
(xviii)	Spread Account				13,400,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2003-3


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		5,416,425.00
	Class B Note Interest Requirement		471,318.75
	Net Class C Note Interest Requirement		623,964.89		6,511,708.64

(iii)	Collections of Principal Receivables				240,844,381.13
(iv)	Collections of Finance Charge Receivables				20,448,961.99

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,425,000,000.00
	Adjusted Interest				1,425,000,000.00

	Floating Investor Percentage				6.33	%
	Fixed Investor Percentage				6.33	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				5,739,469.14

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				593,750.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				19,261,461.99

(xvii)	Note Rate	Class A	5.43000	%
		Class B	5.67000	%
		Class C	6.40000	%
(xviii)	Spread Account				14,250,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2003-4


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		2,821,700.00
	Class B Note Interest Requirement		252,481.25
	Net Class C Note Interest Requirement		326,699.56		3,400,880.81

(iii)	Collections of Principal Receivables				122,534,860.58
(iv)	Collections of Finance Charge Receivables				10,403,857.85

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				725,000,000.00
	Adjusted Interest				725,000,000.00

	Floating Investor Percentage				3.22	%
	Fixed Investor Percentage				3.22	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				2,920,080.79

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				302,083.33

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				9,799,691.18

(xvii)	Note Rate	Class A	5.56000	%
		Class B	5.97000	%
		Class C	6.57000	%
(xviii)	Spread Account				7,250,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2003-5


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		3,808,000.00
	Class B Note Interest Requirement		329,583.33
	Net Class C Note Interest Requirement		425,870.08		4,563,453.41

(iii)	Collections of Principal Receivables				169,013,600.80
(iv)	Collections of Finance Charge Receivables				14,350,148.77

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,000,000,000.00
	Adjusted Interest				1,000,000,000.00

	Floating Investor Percentage				4.44	%
	Fixed Investor Percentage				4.44	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				4,027,697.64

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				416,666.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				13,516,815.44

(xvii)	Note Rate	Class A	5.44000	%
		Class B	5.65000	%
		Class C	6.24000	%
(xviii)	Spread Account				10,000,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2003-6


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		7,602,000.00
	Class B Note Interest Requirement		661,500.00
	Net Class C Note Interest Requirement		833,740.16		9,097,240.16

(iii)	Collections of Principal Receivables				338,027,201.59
(iv)	Collections of Finance Charge Receivables				28,700,297.53

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				2,000,000,000.00
	Adjusted Interest				2,000,000,000.00

	Floating Investor Percentage				8.88	%
	Fixed Investor Percentage				8.88	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				8,055,395.28

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				833,333.33

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				27,033,630.86

(xvii)	Note Rate	Class A	5.43000	%
		Class B	5.67000	%
		Class C	6.12000	%
(xviii)	Spread Account				20,000,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2004-1


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		5,617,500.00
	Class B Note Interest Requirement		483,000.00
	Net Class C Note Interest Requirement		588,180.09		6,688,680.09

(iii)	Collections of Principal Receivables				253,520,401.19
(iv)	Collections of Finance Charge Receivables				21,525,223.15

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,500,000,000.00
	Adjusted Interest				1,500,000,000.00

	Floating Investor Percentage				6.66	%
	Fixed Investor Percentage				6.66	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				6,041,546.46

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				625,000.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				20,275,223.15

(xvii)	Note Rate	Class A	5.35000	%
		Class B	5.52000	%
		Class C	5.79000	%
(xviii)	Spread Account				15,000,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

Chase Bank USA, N.A.

Monthly Certificateholder’s Statement

Chase Credit Card Master Trust

Series 2004-2


Section 5.2 - Supplement				Distribution Date: Period Type:		12/15/2006 Revolving



(i)	Monthly Principal Distributed		0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement		6,566,000.00
	Class B Note Interest Requirement		565,541.67
	Net Class C Note Interest Requirement		696,710.13		7,828,251.80

(iii)	Collections of Principal Receivables				295,773,801.40
(iv)	Collections of Finance Charge Receivables				25,112,760.34

(v)	Aggregate Amount of Principal Receivables				22,527,302,326.45
	Investor Interest				1,750,000,000.00
	Adjusted Interest				1,750,000,000.00

	Floating Investor Percentage				7.77	%
	Fixed Investor Percentage				7.77	%
(vi)	Receivables Delinquent (As % of Total Receivables)
	Current				96.65	%
	30 to 59 days				1.02	%
	60 to 89 days				0.73	%
	90 or more days				1.60	%
	Total Receivables				100.00	%
(vii)	Investor Default Amount				7,048,470.87

(viii)	Investor Charge-Offs				0.00

(ix)	Reimbursed Investor Charge-Offs				0.00

(x)	Net Servicing Fee				729,166.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)				12.63	%

(xii)	Reallocated Monthly Principal				0.00

(xiii)	Accumulation Shortfall				0.00

(xiv)	Principal Funding Investment Proceeds				0.00

(xv)	Principal Funding Investment Shortfall				0.00

(xvi)	Available Investor Finance Charge Collections				23,654,427.01

(xvii)	Note Rate	Class A	5.36000	%
		Class B	5.54000	%
		Class C	5.87000	%
(xviii)	Spread Account				17,500,000.00


		By:		/s/ Patricia M. Garvey
		Name:		Patricia M. Garvey
		Title:		Vice President

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