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

Exhibit 99.3

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

SERIES 1996-C

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

RECEIVABLES
Beginning of the Month Principal Receivables:	$2,463,437,276.03
Beginning of the Month Finance Charge Receivables:	$113,740,348.44
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,577,177,624.47
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:	$2,415,507,111.34
End of the Month Finance Charge Receivables:	$109,816,710.51
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,525,323,821.85
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$377,333,333.34
End of the Month Transferor Amount	$2,038,173,778.00
End of the Month Transferor Percentage	84.38%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$55,638,584.22
60-89 Days Delinquent	$40,124,548.48
90+ Days Delinquent	$87,678,312.19
Total 30+ Days Delinquent	$183,441,444.89
Delinquent Percentage	7.26%
Defaulted Accounts During the Month	$16,473,366.57
Annualized Default Percentage	8.02%

May-2003 1996-C Page 2

Principal Collections	$296,952,197.04
Principal Payment Rate	12.05%
Total Payment Rate	12.83%
INVESTED AMOUNTS
Class A Initial Invested Amount	$184,500,000.00
Class B Initial Invested Amount	$19,125,000.00
Class C Initial Invested Amount	$21,375,000.00
INITIAL INVESTED AMOUNT	$225,000,000.00
Class A Invested Amount	$246,000,000.00
Class B Invested Amount	$25,500,000.00
Class C Invested Amount	$28,500,000.00
INVESTED AMOUNT	$300,000,000.00
Class A Adjusted Invested Amount	$164,000,000.01
Class B Adjusted Invested Amount	$25,500,000.00
Class C Adjusted Invested Amount	$28,500,000.00
ADJUSTED INVESTED AMOUNT	$218,000,000.01
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	11.07%
PRINCIPAL ALLOCATION PERCENTAGE	12.18%
Class A Principal Allocation Percentage	82.00%
Class B Principal Allocation Percentage	8.50%
Class C Principal Allocation Percentage	9.50%
COLLECTIONS OF PRINCIPAL RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1996-C	$36,163,153.00
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1996-C	$3,718,247.95
MONTHLY SERVICING FEE	$306,666.67
INVESTOR DEFAULT AMOUNT	$1,823,362.01

May-2003 1996-C Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	80.20%
Class A Finance Charge Collections	$3,359,830.48
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$3,359,830.48
Class A Monthly Interest	$317,066.67
Class A Servicing Fee	$239,166.67
Class A Investor Default Amount	$1,462,256.09
TOTAL CLASS A EXCESS SPREAD	$1,341,341.05
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	9.35%
Class B Finance Charge Collections	$379,608.46
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$379,608.46
Class B Monthly Interest	$38,193.33
Class B Servicing Fee	$31,875.00
TOTAL CLASS B EXCESS SPREAD	$309,540.13
CLASS B INVESTOR DEFAULT AMOUNT	$170,522.24
CLASS B REQUIRED AMOUNT	$170,522.24
CLASS C FLOATING ALLOCATION PERCENTAGE	10.45%
CLASS C MONTHLY SERVICING FEE	$35,625.00

May-2003 1996-C Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$2,039,524.46
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	$170,522.24
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$247,837.01
Excess Spread Applied to Reductions of Class C Invested Amount	$0.00
Excess Spread Applied to Monthly Cash Collateral Fee	$62,500.00
Excess Spread Applied to Cash Collateral Account	$0.00
Excess Spread Applied to Spread Account	$0.00
Excess Spread Applied to Reserve Account	$26,607.24
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	$1,532,057.97

May-2003 1996-C Page 5

EXCESS FINANCE CHARGE COLLECTIONS — GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$2,863,033.40
SERIES 1996-C EXCESS FINANCE CHARGE COLLECTIONS
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1996-C	$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)	3.29%
Base Rate (Prior Month)	3.36%
Base Rate (Two Months Ago)	3.52%
THREE MONTH AVERAGE BASE RATE	3.39%
Portfolio Yield (Current Month)	9.36%
Portfolio Yield (Prior Month)	9.95%
Portfolio Yield (Two Months Ago)	11.61%
THREE MONTH AVERAGE PORTFOLIO YIELD	10.31%

May-2003 1996-C Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$36,163,153.00
INVESTOR DEFAULT AMOUNT	$1,823,362.01
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	$27,333,333.33
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$27,333,333.33
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	$10,653,181.68
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	$6,540,000.00
Available Cash Collateral Amount	$7,360,000.00
TOTAL DRAW AMOUNT	$0.00
CASH COLLATERAL ACCOUNT SURPLUS	$820,000.00

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