-----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, GmAvooEfrILpwvzJcnO1KXElFSZuNxY9wtY9UQivR0COb31GV015EHBeJ4TMfxQe NkMYFXM1CvmJe17L5iat+g== 0001193125-07-155334.txt : 20070716 0001193125-07-155334.hdr.sgml : 20070716 20070716104427 ACCESSION NUMBER: 0001193125-07-155334 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070716 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070716 DATE AS OF CHANGE: 20070716 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: 07980554 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: 07980555 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: 07980556 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): July 16, 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, and Series 2003-6

(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 July 16, 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, and Series 2003-6 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 July 16, 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: July 16, 2007

INDEX TO EXHIBITS

 

Exhibit No.   

Description

99.1    Excess Spread Analysis
99.2    Monthly Reports with respect to the distribution to certificateholders on July 16, 2007
 EX-99.1 2 dex991.htm EXCESS SPREAD ANALYSIS Excess Spread Analysis

Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - June 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

    17.06 %   17.06 %   17.06 %   17.06 %   17.06 %   17.06 %

Less: Coupon

    5.54 %   5.70 %   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

    3.84 %   3.84 %   3.84 %   3.84 %   3.84 %   3.84 %

Excess Spread:

             

June-07

    6.18 %   6.02 %   6.21 %   6.22 %   6.24 %   6.09 %

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 %

Three Month Average Excess Spread

    6.20 %   6.19 %   6.22 %   6.23 %   6.25 %   6.10 %

Delinquency:

             

30 to 59 Days

    0.93 %   0.93 %   0.93 %   0.93 %   0.93 %   0.93 %

60 to 89 Days

    0.60 %   0.60 %   0.60 %   0.60 %   0.60 %   0.60 %

90+ Days

    1.46 %   1.46 %   1.46 %   1.46 %   1.46 %   1.46 %

Total

    2.99 %   2.99 %   2.99 %   2.99 %   2.99 %   2.99 %

Principal Payment Rate

    17.92 %   17.92 %   17.92 %   17.92 %   17.92 %   17.92 %

Series

Deal Size

Expected Maturity

    2003-5
$1,000MM
10/15/2008		     2003-6
$2,000MM
11/15/2008		                          

Yield

    17.06 %   17.06 %        

Less: Coupon

    5.48 %   5.46 %        

Servicing Fee

    1.50 %   1.50 %        

Net Credit Losses

    3.84 %   3.84 %        

Excess Spread:

             

June-07

    6.24 %   6.26 %        

May-07

    6.55 %   6.57 %        

April-07

    5.98 %   5.99 %        

Three Month Average Excess Spread

    6.26 %   6.27 %        

Delinquency:

             

30 to 59 Days

    0.93 %   0.93 %        

60 to 89 Days

    0.60 %   0.60 %        

90+ Days

    1.46 %   1.46 %        

Total

    2.99 %   2.99 %        

Principal Payment Rate

    17.92 %   17.92 %        
EX-99.2 3 dex992.htm MONTHLY REPORTS WITH RESPECT TO THE JULY 16, 2007 DISTRIBUTION Monthly Reports with respect to the July 16, 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:		    07/16/2007
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    673,831.15       7,152,185.32  

(iii)

    Collections of Principal Receivables          268,837,406.13  

(iv)

    Collections of Finance Charge Receivables          21,894,929.95  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          1,500,000,000.00  
  

Adjusted Interest

          1,500,000,000.00  
   Floating Investor Percentage          7.07 %
   Fixed Investor Percentage          7.07 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          5,658,587.42  

(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)          13.23 %

(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          20,644,929.95  

 

(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:		    07/16/2007
Accumulation		  
 

(i)

    Monthly Principal Distributed    160,000,000.00       160,000,000.00  

(ii)

    Monthly Interest Distributed         
   Class A Note Interest Requirement    0.00      
   Class B Note Interest Requirement    342,377.78      
   Net Class C Note Interest Requirement    443,020.79       785,398.57  

(iii)

    Collections of Principal Receivables          179,224,937.42  

(iv)

    Collections of Finance Charge Receivables          2,335,459.19  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          160,000,000.00  
  

Adjusted Interest

          160,000,000.00  
   Floating Investor Percentage          0.75 %
   Fixed Investor Percentage          4.71 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          603,582.66  

(viii)

    Investor Charge-Offs          0.00  

(ix)

    Reimbursed Investor Charge-Offs          0.00  

(x)

    Net Investor Servicing Fee          66,666.67  

(xi)

    Portfolio Yield (Net of Defaulted Receivables)          13.23 %

(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          2,202,125.86  

 

(xvii)

    Note Rate    Class A          5.42000%   
      Class B          5.68000%   
      Class C          6.27000%   

(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 2002-7

 

Section 5.2 - Supplement

       Distribution Date:
Period Type:		    07/16/2007
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    349,703.09       3,560,851.01  

(iii)

    Collections of Principal Receivables          134,418,703.07  

(iv)

    Collections of Finance Charge Receivables          10,947,464.98  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          750,000,000.00  
  

Adjusted Interest

          750,000,000.00  
   Floating Investor Percentage          3.54 %
   Fixed Investor Percentage          3.54 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          2,829,293.71  

(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)          13.23 %

(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          10,322,464.98  

 

(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:		    07/16/2007
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    629,995.38       6,351,091.88  

(iii)

    Collections of Principal Receivables          240,161,416.15  

(iv)

    Collections of Finance Charge Receivables          19,559,470.76  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          1,340,000,000.00  
  

Adjusted Interest

          1,340,000,000.00  
   Floating Investor Percentage          6.32 %
   Fixed Investor Percentage          6.32 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          5,055,004.76  

(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)          13.23 %

(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          18,442,804.09  

 

(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:		    07/16/2007
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    645,661.51       6,729,663.39  

(iii)

    Collections of Principal Receivables          255,395,535.83  

(iv)

    Collections of Finance Charge Receivables          20,800,183.45  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          1,425,000,000.00  
  

Adjusted Interest

          1,425,000,000.00  
   Floating Investor Percentage          6.72 %
   Fixed Investor Percentage          6.72 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          5,375,658.04  

(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)          13.23 %

(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          19,612,683.45  

 

(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:		    07/16/2007
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    338,041.78       3,514,695.74  

(iii)

    Collections of Principal Receivables          129,938,079.63  

(iv)

    Collections of Finance Charge Receivables          10,582,549.48  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          725,000,000.00  
  

Adjusted Interest

          725,000,000.00  
   Floating Investor Percentage          3.42 %
   Fixed Investor Percentage          3.42 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          2,734,983.92  

(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)          13.23 %

(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          9,978,382.81  

 

(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:		    07/16/2007
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    440,695.79       4,716,198.56  

(iii)

    Collections of Principal Receivables          179,224,937.42  

(iv)

    Collections of Finance Charge Receivables          14,596,619.97  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          1,000,000,000.00  
  

Adjusted Interest

          1,000,000,000.00  
   Floating Investor Percentage          4.71 %
   Fixed Investor Percentage          4.71 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          3,772,391.61  

(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)          13.23 %

(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          13,763,286.64  

 

(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:		    07/16/2007
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    862,791.60       9,401,741.60  

(iii)

    Collections of Principal Receivables          358,449,874.85  

(iv)

    Collections of Finance Charge Receivables          29,193,239.94  

(v)

    Aggregate Amount of Principal Receivables          21,212,135,327.93  
  

Investor Interest

          2,000,000,000.00  
  

Adjusted Interest

          2,000,000,000.00  
   Floating Investor Percentage          9.43 %
   Fixed Investor Percentage          9.43 %

(vi)

    Receivables Delinquent (As % of Total Receivables)         
  

Current to 29 days

          97.01 %
  

30 to 59 days

          0.93 %
  

60 to 89 days

          0.60 %
  

90 or more days

          1.46 %
               
  

Total Receivables

          100.00 %

(vii)

    Investor Default Amount          7,544,783.22  

(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)          13.23 %

(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          27,526,573.27  

 

(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
 -----END PRIVACY-ENHANCED MESSAGE-----