Exhibit 99.1

Chase Credit Card Master Trust

Excess Spread Analysis - January 2009

Series Deal Size Expected Maturity	2002-3 $1,500MM 6/15/2009		2003-4 $725MM 10/15/2013
Yield	13.22	%	13.21	%
Less: Coupon	0.59	%	0.68	%
Servicing Fee	1.50	%	1.50	%
Net Credit Losses	6.03	%	6.03	%
Excess Spread :
January-09	5.10	%	5.00	%
December-08	6.53	%	6.43	%
November-08	5.82	%	5.72	%
Three Month Average Excess Spread	5.82	%	5.72	%
Delinquency:
30 to 59 Days	1.26	%	1.26	%
60 to 89 Days	0.99	%	0.99	%
90+ Days	2.10	%	2.10	%
Total	4.35	%	4.35	%
Principal Payment Rate	15.34	%	15.34	%