CC Master Credit Card Trust Ii 8-K Financial statements and exhibits

EXHIBIT 99.7

Oct-2002 1998-A Page 1

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

SERIES 1998-A

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

RECEIVABLES
Beginning of the Month Principal Receivables:	$2,572,789,040.65
Beginning of the Month Finance Charge Receivables:	$132,222,969.32
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,705,012,009.97
Removed Principal Receivables:	$0.00
Removed Finance Charge Receivables:	$0.00
Removed Total Receivables:	$0.00
Additional Principal Receivables:	$0.00
Additional Finance Charge Receivables:	$0.00
Additional Total Receivables:	$0.00
Discounted Receivables Generated this Period:	$0.00
End of the Month Principal Receivables:	$2,565,112,351.55
End of the Month Finance Charge Receivables:	$127,843,753.06
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,692,956,104.61
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$1,026,700,000.00
End of the Month Transferor Amount	$1,538,412,351.55
End of the Month Transferor Percentage	59.97	%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$63,159,768.60
60-89 Days Delinquent	$44,795,417.96
90+ Days Delinquent	$80,991,486.29
Total 30+ Days Delinquent	$188,946,672.85
Delinquent Percentage	7.02	%
Defaulted Accounts During the Month	$16,003,038.40
Annualized Default Percentage	7.46	%

Oct-2002 1998-A Page 2

Principal Collections	$301,647,283.07
Principal Payment Rate	11.72	%
Total Payment Rate	12.61	%
INVESTED AMOUNTS
Class A Initial Invested Amount	$370,500,000.00
Class B Initial Invested Amount	$57,000,000.00
Class C Initial Invested Amount	$47,500,000.00
INITIAL INVESTED AMOUNT	$475,000,000.00
Class A Invested Amount	$468,000,000.00
Class B Invested Amount	$72,000,000.00
Class C Invested Amount	$60,000,000.00
INVESTED AMOUNT	$600,000,000.00
Class A Adjusted Invested Amount	$351,000,000.00
Class B Adjusted Invested Amount	$72,000,000.00
Class C Adjusted Invested Amount	$60,000,000.00
ADJUSTED INVESTED AMOUNT	$483,000,000.00
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	23.32	%
PRINCIPAL ALLOCATION PERCENTAGE	23.32	%
Class A Principal Allocation Percentage	78.00	%
Class B Principal Allocation Percentage	12.00	%
Class C Principal Allocation Percentage	10.00	%
COLLECTIONS OF PRINCIPAL RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$70,347,147.44
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$9,223,816.37
MONTHLY SERVICING FEE	$676,875.00
INVESTOR DEFAULT AMOUNT	$3,732,067.75

Oct-2002 1998-A Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	78.00	%
Class A Finance Charge Collections	$7,801,215.34
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$7,801,215.34
Class A Monthly Interest	$786,857.50
Class A Servicing Fee	$511,875.00
Class A Investor Default Amount	$2,911,012.85
TOTAL CLASS A EXCESS SPREAD	$3,591,469.99
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	12.00	%
Class B Finance Charge Collections	$1,185,055.12
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$1,185,055.12
Class B Monthly Interest	$136,555.00
Class B Servicing Fee	$90,000.00
TOTAL CLASS B EXCESS SPREAD	$958,500.12
CLASS B INVESTOR DEFAULT AMOUNT	$447,848.13
CLASS B REQUIRED AMOUNT	$447,848.13
CLASS C FLOATING ALLOCATION PERCENTAGE	10.00	%
CLASS C MONTHLY SERVICING FEE	$75,000.00

Oct-2002 1998-A Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$5,462,516.02
Excess Spread Applied to Class A Required Amount	$0.00
Excess Spread Applied to Class A Investor Charge Offs	$0.00
Excess Spread Applied to Class B Required Amount	$447,848.13
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$518,002.60
Excess Spread Applied to Reductions of Class C Invested Amount	$0.00
Excess Spread Applied to Monthly Cash Collateral Fee	$112,812.50
Excess Spread Applied to Cash Collateral Account	$0.00
Excess Spread Applied to Spread Account	$0.00
Excess Spread Applied to Reserve Account	$38,893.97
Excess Spread Applied to other amounts owed to Cash Collateral Depositor	$0.00
Excess Spread Applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I	$4,344,958.82

Oct-2002 1998-A Page 5

EXCESS FINANCE CHARGE COLLECTIONS—GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$8,672,586.58
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1998-A	$0.00
Excess Finance Charge Collections applied to Class A Required Amount	$0.00
Excess Finance Charge Collections applied to Class A Investor Charge Offs	$0.00
Excess Finance Charge Collections applied to Class B Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class B Invested Amount	$0.00
Excess Finance Charge Collections applied to Class C Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class C Invested Amount	$0.00
Excess Finance Charge Collections applied to Monthly Cash Collateral Fee	$0.00
Excess Finance Charge Collections applied to other amounts owed Cash Collateral Depositor	$0.00
Excess Finance Charge Collections applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
YIELD AND BASE RATE
Base Rate (Current Month)	4.07	%
Base Rate (Prior Month)	4.09	%
Base Rate (Two Months Ago)	4.05	%
THREE MONTH AVERAGE BASE RATE	4.07	%
Portfolio Yield (Current Month)	12.48	%
Portfolio Yield (Prior Month)	11.52	%
Portfolio Yield (Two Months Ago)	11.93	%
THREE MONTH AVERAGE PORTFOLIO YIELD	11.98	%

Oct-2002 1998-A Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS		$70,347,147.44
INVESTOR DEFAULT AMOUNT		$3,732,067.75
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests		$0.00
Allocable to Class B Certificates		$0.00
SHARED PRINCIPAL COLLECTIONS ALLOCABLE FROM OTHER SERIES		0.00
CLASS A SCHEDULED ACCUMULATION —
Controlled Accumulation Amount		$58,500,000.00
Deficit Controlled Accumulation Amount		$0.00
CONTROLLED DEPOSIT AMOUNT		$58,500,000.00
CLASS B SCHEDULED ACCUMULATION —
Controlled Accumulation Amount		$0.00
Deficit Controlled Accumulation Amount		$0.00
CONTROLLED DEPOSIT AMOUNT		$0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL SHARING		$15,579,215.19
INVESTOR CHARGE OFFS
CLASS A INVESTOR CHARGE OFFS		$0.00
CLASS B INVESTOR CHARGE OFFS		$0.00
CLASS C INVESTOR CHARGE OFFS		$0.00
PREVIOUS CLASS A CHARGE OFFS REIMBURSED	��	$0.00
PREVIOUS CLASS B REDUCTIONS REIMBURSED		$0.00
PREVIOUS CLASS C REDUCTIONS REIMBURSED		$0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount		$14,490,000.00
Available Cash Collateral Amount		$16,245,000.00
TOTAL DRAW AMOUNT		$0.00
CASH COLLATERAL ACCOUNT SURPLUS		$1,755,000.00

Bank One, Delaware, National Association (Formerly First USA Bank, National Association) as Servicer
By:	/s/    Michael J. Grubb
	Michael J. Grubb First Vice President

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