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, C6/rBVNcnmt2/iOF/Gtlve07hJ4a9rDXUqkFZV5VIGZLH4h7qpTSOOBXfGPr3Hsy NeUJbVDLp1Y7unm4T2x4og== 0001193125-07-136486.txt : 20070615 0001193125-07-136486.hdr.sgml : 20070615 20070615105610 ACCESSION NUMBER: 0001193125-07-136486 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070615 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070615 DATE AS OF CHANGE: 20070615 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: 07921597 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: 07921599 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 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: 07921600 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 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): June 15, 2007

CHASE CREDIT CARD MASTER TRUST

Series 2002-3, Series 2002-5, Series 2002-7, Series 2003-2,

Series 2003-3, Series 2003-4, Series 2003-5, Series 2003-6, 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 June 15, 2007, Chase USA, as servicer, distributed monthly payments to the holders of the Series 2002-3, Series 2002-5, Series 2002-7, Series 2003-2, Series 2003-3, Series 2003-4, Series 2003-5, Series 2003-6, 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 June 15, 2007 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: June 15, 2007

INDEX TO EXHIBITS


Exhibit No.		Description
99.1		Excess Spread Analysis

99.2		Monthly Reports with respect to the distribution to certificateholders on June 15, 2007

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

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - May 2007



Series Deal Size Expected Maturity	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		2003-3 $1,425MM 7/15/2008		2003-4 $725MM 10/15/2013
Yield	17.45	%	17.45	%	17.45	%	17.45	%	17.45	%	17.45	%
Less: Coupon	5.54	%	5.46	%	5.51	%	5.50	%	5.48	%	5.63	%
Servicing Fee	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%	1.50	%
Net Credit Losses	3.92	%	3.92	%	3.92	%	3.92	%	3.92	%	3.92	%
Excess Spread:
May-07	6.49	%	6.57	%	6.52	%	6.53	%	6.55	%	6.40	%
April-07	5.92	%	5.99	%	5.94	%	5.95	%	5.97	%	5.82	%
March-07	6.94	%	7.01	%	6.97	%	6.98	%	6.99	%	6.85	%
Three Month Average Excess Spread	6.45	%	6.52	%	6.48	%	6.49	%	6.50	%	6.36	%

Delinquency:
30 to 59 Days	0.84	%	0.84	%	0.84	%	0.84	%	0.84	%	0.84	%
60 to 89 Days	0.64	%	0.64	%	0.64	%	0.64	%	0.64	%	0.64	%
90+ Days	1.45	%	1.45	%	1.45	%	1.45	%	1.45	%	1.45	%
Total	2.93	%	2.93	%	2.93	%	2.93	%	2.93	%	2.93	%

Principal Payment Rate	18.72	%	18.72	%	18.72	%	18.72	%	18.72	%	18.72	%

Series Deal Size Expected Maturity	2003-5 $1,000MM 10/15/2008		2003-6 $2,000MM 11/15/2008		2004-2 $1,750MM 6/15/2007
Yield	17.45	%	17.45	%	17.45	%
Less: Coupon	5.48	%	5.46	%	5.41	%
Servicing Fee	1.50	%	1.50	%	1.50	%
Net Credit Losses	3.92	%	3.92	%	3.92	%
Excess Spread:
May-07	6.55	%	6.57	%	6.62	%
April-07	5.98	%	5.99	%	6.08	%
March-07	7.00	%	7.02	%	7.11	%
Three Month Average Excess Spread	6.51	%	6.53	%	6.60	%

Delinquency:
30 to 59 Days	0.84	%	0.84	%	0.84	%
60 to 89 Days	0.64	%	0.64	%	0.64	%
90+ Days	1.45	%	1.45	%	1.45	%
Total	2.93	%	2.93	%	2.93	%

Principal Payment Rate	18.72	%	18.72	%	18.72	%

EX-99.2 3 dex992.htm MONTHLY REPORTS WITH RESPECT TO THE JUNE 15, 2007 DISTRIBUTION Monthly Reports with respect to the June 15, 2007 distribution

Exhibit 99.2

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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	5,956,650.00
	Class B Note Interest Requirement	521,704.17
	Net Class C Note Interest Requirement	672,285.90		7,150,640.07

(iii)	Collections of Principal Receivables			280,795,660.81
(iv)	Collections of Finance Charge Receivables			23,221,495.68

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			1,500,000,000.00
	Adjusted Interest			1,500,000,000.00

	Floating Investor Percentage			7.01	%
	Fixed Investor Percentage			7.01	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			5,892,510.81

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			625,000.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			21,971,495.68


(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:	06/15/2007 Accumulation

(i)	Monthly Principal Distributed	840,000,000.00		840,000,000.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	3,920,466.67
	Class B Note Interest Requirement	342,377.78
	Net Class C Note Interest Requirement	441,990.62		4,704,835.07

(iii)	Collections of Principal Receivables			187,197,107.21
(iv)	Collections of Finance Charge Receivables			15,480,997.12

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			1,000,000,000.00
	Adjusted Interest			1,000,000,000.00

	Floating Investor Percentage			4.68	%
	Fixed Investor Percentage			4.68	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			3,928,340.54

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			416,666.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			14,647,663.79


(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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	2,951,200.00
	Class B Note Interest Requirement	259,947.92
	Net Class C Note Interest Requirement	348,930.44		3,560,078.36

(iii)	Collections of Principal Receivables			140,397,830.41
(iv)	Collections of Finance Charge Receivables			11,610,747.84

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			750,000,000.00
	Adjusted Interest			750,000,000.00

	Floating Investor Percentage			3.51	%
	Fixed Investor Percentage			3.51	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			2,946,255.40

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			312,500.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			10,985,747.84


(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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	5,263,118.00
	Class B Note Interest Requirement	457,978.50
	Net Class C Note Interest Requirement	628,614.92		6,349,711.42

(iii)	Collections of Principal Receivables			250,844,123.66
(iv)	Collections of Finance Charge Receivables			20,744,536.14

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			1,340,000,000.00
	Adjusted Interest			1,340,000,000.00

	Floating Investor Percentage			6.27	%
	Fixed Investor Percentage			6.27	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			5,263,976.32

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			558,333.33

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			19,627,869.47


(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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	5,596,972.50
	Class B Note Interest Requirement	487,029.38
	Net Class C Note Interest Requirement	644,193.51		6,728,195.39

(iii)	Collections of Principal Receivables			266,755,877.77
(iv)	Collections of Finance Charge Receivables			22,060,420.90

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			1,425,000,000.00
	Adjusted Interest			1,425,000,000.00

	Floating Investor Percentage			6.66	%
	Fixed Investor Percentage			6.66	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			5,597,885.26

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			593,750.00

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			20,872,920.90


(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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	2,915,756.67
	Class B Note Interest Requirement	260,897.29
	Net Class C Note Interest Requirement	337,299.42		3,513,953.38

(iii)	Collections of Principal Receivables			135,717,902.71
(iv)	Collections of Finance Charge Receivables			11,223,722.91

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			725,000,000.00
	Adjusted Interest			725,000,000.00

	Floating Investor Percentage			3.39	%
	Fixed Investor Percentage			3.39	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			2,848,046.89

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			302,083.33

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			10,619,556.24


(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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	3,934,933.33
	Class B Note Interest Requirement	340,569.44
	Net Class C Note Interest Requirement	439,665.62		4,715,168.39

(iii)	Collections of Principal Receivables			187,197,107.21
(iv)	Collections of Finance Charge Receivables			15,480,997.12

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			1,000,000,000.00
	Adjusted Interest			1,000,000,000.00

	Floating Investor Percentage			4.68	%
	Fixed Investor Percentage			4.68	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			3,928,340.54

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			416,666.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			14,647,663.79


(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:	06/15/2007 Revolving

(i)	Monthly Principal Distributed	0.00		0.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	7,855,400.00
	Class B Note Interest Requirement	683,550.00
	Net Class C Note Interest Requirement	860,731.22		9,399,681.22

(iii)	Collections of Principal Receivables			374,394,214.41
(iv)	Collections of Finance Charge Receivables			30,961,994.25

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			2,000,000,000.00
	Adjusted Interest			2,000,000,000.00

	Floating Investor Percentage			9.35	%
	Fixed Investor Percentage			9.35	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			7,856,681.07

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			833,333.33

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			29,295,327.58


(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 2004-2


Section 5.2 - Supplement			Distribution Date: Period Type:	06/15/2007 Accumulation

(i)	Monthly Principal Distributed	280,000,000.00		280,000,000.00

(ii)	Monthly Interest Distributed
	Class A Note Interest Requirement	0.00
	Class B Note Interest Requirement	584,393.06
	Net Class C Note Interest Requirement	719,233.52		1,303,626.58

(iii)	Collections of Principal Receivables			327,594,937.60
(iv)	Collections of Finance Charge Receivables			4,334,679.19

(v)	Aggregate Amount of Principal Receivables			21,382,843,721.08
	Investor Interest			280,000,000.00
	Adjusted Interest			280,000,000.00

	Floating Investor Percentage			1.31	%
	Fixed Investor Percentage			8.18	%

(vi)	Receivables Delinquent (As % of Total Receivables)
	Current to 29 days			97.07	%
	30 to 59 days			0.84	%
	60 to 89 days			0.64	%
	90 or more days			1.46	%

	Total Receivables			100.00	%

(vii)	Investor Default Amount			1,099,935.35

(viii)	Investor Charge-Offs			0.00

(ix)	Reimbursed Investor Charge-Offs			0.00

(x)	Net Investor Servicing Fee			116,666.67

(xi)	Portfolio Yield (Net of Defaulted Receivables)			13.51	%

(xii)	Reallocated Principal Collections			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			4,101,345.86


(xvii)	Note Rate	Class A	5.36000%
		Class B	5.54000%
		Class C	5.87000%
(xviii)	Spread Account			0.00


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

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