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:	$2,383,218,229.38
Beginning of the Month Finance Charge Receivables:	$108,109,506.51
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,491,327,735.89
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:	$2,357,181,494.88
End of the Month Finance Charge Receivables:	$105,282,988.16
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,462,464,483.04
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$250,666,666.68
End of the Month Transferor Amount	$2,106,514,828.20
End of the Month Transferor Percentage	89.37	%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$50,505,287.55
60-89 Days Delinquent	$38,165,438.72
90+ Days Delinquent	$83,818,088.07
Total 30+ Days Delinquent	$172,488,814.34
Delinquent Percentage	7.00	%
Defaulted Accounts During the Month	$16,214,782.73
Annualized Default Percentage	8.16	%

Jul-2003 1996-C Page 2

Principal Collections	$292,418,689.53
Principal Payment Rate	12.27	%
Total Payment Rate	13.08	%
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	$109,333,333.35
Class B Adjusted Invested Amount	$25,500,000.00
Class C Adjusted Invested Amount	$28,500,000.00
ADJUSTED INVESTED AMOUNT	$163,333,333.35
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	9.15	%
PRINCIPAL ALLOCATION PERCENTAGE	12.59	%
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	$36,809,724.67
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1996-C	$3,051,971.44
MONTHLY SERVICING FEE	$238,333.33
INVESTOR DEFAULT AMOUNT	$1,483,214.00

Jul-2003 1996-C Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE		75.23	%
Class A Finance Charge Collections	$	2,720,869.95
Other Amounts	$	0.00
TOTAL CLASS A AVAILABLE FUNDS	$	2,720,869.95
Class A Monthly Interest	$	264,130.75
Class A Servicing Fee	$	170,833.33
Class A Investor Default Amount	$	1,115,812.36
TOTAL CLASS A EXCESS SPREAD	$	1,170,093.51
CLASS A REQUIRED AMOUNT	$	0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE		11.70	%
Class B Finance Charge Collections	$	388,871.66
Other Amounts	$	0.00
TOTAL CLASS B AVAILABLE FUNDS	$	388,871.66
Class B Monthly Interest	$	32,539.62
Class B Servicing Fee	$	31,875.00
TOTAL CLASS B EXCESS SPREAD	$	324,457.04
CLASS B INVESTOR DEFAULT AMOUNT	$	173,495.22
CLASS B REQUIRED AMOUNT	$	173,495.22
CLASS C FLOATING ALLOCATION PERCENTAGE		13.07	%
CLASS C MONTHLY SERVICING FEE	$	35,625.00

Jul-2003 1996-C Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$1,893,546.82
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	$173,495.22
Excess Spread Applied to Reductions of Class B
Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$244,385.68
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	$35,288.61
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	$1,377,877.31

Jul-2003 1996-C Page 5

EXCESS FINANCE CHARGE COLLECTIONS —   GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$	1,990,512.47
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)		2.66%
Base Rate (Prior Month)		2.82%
Base Rate (Two Months Ago)		3.29%
THREE MONTH AVERAGE BASE RATE		2.92%
Portfolio Yield (Current Month)		8.24%
Portfolio Yield (Prior Month)		9.30%
Portfolio Yield (Two Months Ago)		9.36%
THREE MONTH AVERAGE PORTFOLIO YIELD		8.97%

Jul-2003 1996-C Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$	36,809,724.67
INVESTOR DEFAULT AMOUNT		$1,483,214.00
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	$	10,959,605.34
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		$4,900,000.00
Available Cash Collateral Amount		$5,720,000.00
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/    JEFFREY T. RIGG
	Jeffrey T. Rigg Senior Vice President