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

Exhibit 99.5

May-2003 1998-A Page 1

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

SERIES 1998-A

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 1998-A 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	$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	$0.00
Class B Invested Amount	$72,000,000.00
Class C Invested Amount	$60,000,000.00
INVESTED AMOUNT	$132,000,000.00
Class A Adjusted Invested Amount	$0.00
Class B Adjusted Invested Amount	$36,000,000.00
Class C Adjusted Invested Amount	$60,000,000.00
ADJUSTED INVESTED AMOUNT	$96,000,000.00
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	7.73%
PRINCIPAL ALLOCATION PERCENTAGE	24.36%
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	$72,326,306.04
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$2,600,823.35
MONTHLY SERVICING FEE	$165,000.00
INVESTOR DEFAULT AMOUNT	$1,273,901.46

May-2003 1998-A Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	30.71%
Class A Finance Charge Collections	$1,062,871.62
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$1,062,871.62
Class A Monthly Interest	$0.00
Class A Servicing Fee	$0.00
Class A Investor Default Amount	$391,198.09
TOTAL CLASS A EXCESS SPREAD	$671,673.53
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	37.79%
Class B Finance Charge Collections	$1,072,988.19
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$1,072,988.19
Class B Monthly Interest	$109,440.00
Class B Servicing Fee	$90,000.00
TOTAL CLASS B EXCESS SPREAD	$873,548.19
CLASS B INVESTOR DEFAULT AMOUNT	$481,474.56
CLASS B REQUIRED AMOUNT	$481,474.56
CLASS C FLOATING ALLOCATION PERCENTAGE	31.50%
CLASS C MONTHLY SERVICING FEE	$75,000.00

May-2003 1998-A Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$2,364,378.80
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	$481,474.56
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$524,428.81
Excess Spread Applied to Reductions of Class C Invested Amount	$0.00
Excess Spread Applied to Monthly Cash Collateral Fee	$27,500.00
Excess Spread Applied to Cash Collateral Account	$0.00
Excess Spread Applied to Spread Account	$0.00
Excess Spread Applied to Reserve Account	$0.00
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	$1,330,975.43

May-2003 1998-A Page 5

EXCESS FINANCE CHARGE COLLECTIONS — GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$2,863,033.40
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)	3.98%
Base Rate (Prior Month)	3.58%
Base Rate (Two Months Ago)	3.55%
THREE MONTH AVERAGE BASE RATE	3.70%
Portfolio Yield (Current Month)	3.51%
Portfolio Yield (Prior Month)	5.95%
Portfolio Yield (Two Months Ago)	7.49%
THREE MONTH AVERAGE PORTFOLIO YIELD	5.65%

May-2003 1998-A Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$72,326,306.04
INVESTOR DEFAULT AMOUNT	$1,273,901.46
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	$0.00
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$0.00
CLASS B SCHEDULED ACCUMULATION —
Controlled Accumulation Amount	$36,000,000.00
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$36,000,000.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL SHARING	$37,600,207.50
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	$6,000,000.00
Available Cash Collateral Amount	$6,000,000.00
TOTAL DRAW AMOUNT	$0.00
CASH COLLATERAL ACCOUNT SURPLUS	$0.00

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