Chase Issuance Trust 424B2 Prospectus for primary offering

Filed Pursuant to Rule 424(b)(2)
Registration No. 333-170794

Prospectus Supplement dated July 19, 2012

(to Prospectus dated May 4, 2012)

Chase Issuance Trust

Issuing Entity

Chase Bank USA, National Association

Sponsor, Depositor, Originator, Administrator and Servicer

CHASEseries

$1,500,000,000 Class A(2012-4) Notes

The issuing entity will issue and sell:	Class A(2012-4) Notes
Principal amount	$1,500,000,000
Interest rate	1.58% per annum
Interest payment dates	15th day of each month, beginning August 15, 2012
Scheduled principal payment date	August 15, 2019
Legal maturity date	August 16, 2021
Expected issuance date	July 26, 2012
Price to public	$1,499,822,400 (or 99.98816%)
Underwriting discount	$5,250,000 (or 0.35000%)
Proceeds to the issuing entity	$1,494,572,400 (or 99.63816%)

The Class A(2012-4) notes are a tranche of the Class A notes of the CHASEseries.

For a description of how the interest rate for the Class A(2012-4) notes is determined see “Transaction Summary” and “Glossary” in this prospectus supplement and “Summary—Interest” in the accompanying prospectus.

The assets of the issuing entity include:

• Credit card receivables that arise in certain revolving credit card accounts owned by Chase Bank USA, National Association;

• The collateral certificate, Series 2002-CC, issued by the First USA Credit Card Master Trust; and

• The collection account, the excess funding account and any other supplemental accounts, including the interest funding account and the principal funding account.

The assets of the issuing entity may include in the future:

• One or more additional collateral certificates issued by credit card master trusts or other securitization special purpose entities whose assets consist primarily of credit card receivables arising in revolving credit card accounts owned by Chase Bank USA, National Association or by one of its affiliates; and

• Additional credit card receivables that arise in revolving credit card accounts owned by Chase Bank USA, National Association or by one of its affiliates.

Enhancement for the Class A(2012-4) notes is provided in the form of outstanding subordinated notes as described in “Transaction Summary” in this prospectus supplement and in “Summary—Subordination, Credit Enhancement” in the accompanying prospectus.

Neither the SEC nor any state securities commission has approved the Class A(2012-4) notes or determined that this prospectus supplement or the accompanying prospectus is truthful, accurate or complete. Any representation to the contrary is a criminal offense.

Underwriters

J.P. Morgan
	Barclays
		RBS

You should consider the discussion under “Risk Factors” beginning on page 11 of the accompanying prospectus before you purchase any notes.

The notes are obligations of the issuing entity only and are not interests in or obligations of Chase Bank USA, National Association, any of its affiliates or any other person or entity.

The notes are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency or instrumentality.

Table of Contents

	Page
Important Notice about Information Presented in this Prospectus Supplement and the Accompanying Prospectus		ii
Transaction Summary		iii
Use of Proceeds		S-1
Recent Developments		S-2
Underwriting		S-3

	Page
Annex I Other Outstanding Classes and Tranches		A-I-1
Annex II Outstanding First USA Master Trust Series		A-II-1
Annex III Static Pool Information		A-III-1

i

Important Notice about Information Presented in this

Prospectus Supplement and the Accompanying Prospectus

We provide information to you about the CHASEseries notes in two separate documents that progressively provide more detail: (a) this prospectus supplement, which will describe the specific terms of the Class A(2012-4) notes and (b) the accompanying prospectus, which provides specific information about the CHASEseries notes and general information about all of the notes that may be issued by the issuing entity, some of which may not apply to the Class A(2012-4) notes, and financial and other information about the issuing entity’s assets.

This prospectus supplement may be used to offer and sell the Class A(2012-4) notes only if accompanied by the prospectus.

This prospectus supplement may supplement disclosure in the accompanying prospectus. If the terms of the Class A(2012-4) notes vary between this prospectus supplement and the accompanying prospectus, you should rely on the information in this prospectus supplement.

You should rely only on the information provided in this prospectus supplement and the accompanying prospectus including the information incorporated by reference. We have not authorized anyone to provide you with different information. We are not offering the Class A(2012-4) notes in any state where the offer is not permitted. We do not claim the accuracy of the information in this prospectus supplement or the accompanying prospectus as of any date other than the dates stated on their respective covers.

We include cross-references in this prospectus supplement and in the accompanying prospectus to captions in these materials where you can find further related discussions. The Table of Contents in this prospectus supplement and in the accompanying prospectus provide the pages on which these captions are located.

ii

Transaction Summary

Issuing Entity:	Chase Issuance Trust
Sponsor, Depositor, Originator, Administrator and Servicer:	Chase Bank USA, National Association or “Chase USA”
Owner Trustee:	Wilmington Trust Company
Indenture Trustee and Collateral Agent:	Wells Fargo Bank, National Association
Expected Issuance Date:	July 26, 2012
Annual Servicing Fee:	1.5%
Clearance and Settlement:	DTC/Clearstream/Euroclear
Trust Assets:	The First USA Master Trust collateral certificate, receivables originated in MasterCard® and VISA® accounts, including recoveries on charged-off receivables and interchange
Notes Offered by this Prospectus Supplement:	Class A(2012-4)
Principal Amount:	$1,500,000,000
Enhancement:	subordination of the Class B notes and the Class C notes
Class A Required Subordinated Amount of Class C Notes:	8.13953% of the adjusted outstanding dollar principal amount of the Class A(2012-4) notes
Class A Required Subordinated Amount of Class B Notes:	8.13953% of the adjusted outstanding dollar principal amount of the Class A(2012-4) notes
Aggregate Outstanding Dollar Principal Amount of CHASEseries notes on Expected Issuance Date (including the Class A(2012-4) notes):	$29,645,000,000
Aggregate Outstanding Dollar Principal Amount of Class A notes on Expected Issuance Date (including the Class A(2012-4) notes):	$24,550,000,000
Aggregate Outstanding Dollar Principal Amount of Class B notes on Expected Issuance Date:	$2,545,000,000
Aggregate Outstanding Dollar Principal Amount of Class C notes on Expected Issuance Date:	$2,550,000,000
Interest Rate:	1.58% per annum
Interest Accrual Method:	30/360
Interest Payment Dates:	monthly on the 15th (unless the 15th is not a business day, in which case it will be the next business day)
First Interest Payment Date:	August 15, 2012
Scheduled Commencement of Accumulation Period:	August 1, 2018
Scheduled Principal Payment Date:	August 15, 2019
Legal Maturity Date:	August 16, 2021
Price to Public:	$1,499,822,400 (or 99.98816%)
Underwriting Discount:	$5,250,000 (or 0.35000%)
Net proceeds from the sale of the Class A(2012-4) notes net of estimated expenses:	$1,494,172,400 (or 99.61149%)
CUSIP/ISIN:	161571FK5/US161571FK59

iii

Use of Proceeds

The proceeds from the sale of the Class A(2012-4) notes offered by this prospectus supplement will be used to make deposits to the Class C reserve subaccounts for outstanding Class C notes in an aggregate amount of $22,500,000 and the remaining proceeds, in the amount of $1,472,072,400 before deduction of issuance expenses, will be paid to Chase USA. The estimated expenses are $400,000. Therefore, the proceeds, net of the deposits to the Class C reserve subaccounts and issuance expenses, will be approximately $1,471,672,400. Chase USA will use the remaining net proceeds for its general corporate purposes.

S-1

Recent Developments

Modification of Charge-Off Policy for Restructured Loan Program Accounts

Chase USA has modified its policy to accelerate the recognition of charge-offs on restructured loans that do not comply with their modified terms from 180 days past due to 120 days past due. As a result of the implementation of this new charge-off policy, the credit losses reported in the distribution reports filed with the August 2012 Form 10-D of the issuing entity will reflect a one-time acceleration in charge-offs for the July 2012 monthly period. Based on currently available information, Chase USA does not expect that the one-time acceleration in credit losses will affect the payment of principal or interest on the notes. For a description of the restructured loan programs, see “Chase USA’s Credit Card Portfolio—Collection of Delinquent Accounts” in the accompanying Prospectus.

Litigation Developments

On July 13, 2012, Visa, Inc., its wholly owned subsidiaries Visa U.S.A. Inc. and Visa International Service Association, MasterCard Incorporated, MasterCard International Incorporated and various United States financial institution defendants, including Chase USA and several of its affiliates and certain predecessor institutions, signed a memorandum of understanding (“MOU”) to enter into a settlement agreement (the “Settlement Agreement”) to resolve the United States merchant and retail industry association plaintiffs’ (the “Class Plaintiffs”) claims in the multi-district litigation (“MDL 1720”). The MOU outlines certain conditions precedent to a settlement: (1) requisite corporate approvals, (2) reaching agreement on certain appendices to the Settlement Agreement, and (3) reaching negotiated settlements with the individual plaintiffs whose claims were consolidated with MDL 1720. The Settlement Agreement with the Class Plaintiffs is subject to court approval.

The Settlement Agreement provides, among other things, that a cash payment of $6.05 billion will be made to the Class Plaintiffs. The Class Plaintiffs will also receive an amount equal to ten basis points of interchange for a period of eight months as provided in the Settlement Agreement. The eight-month period will begin after the court preliminarily approves the Settlement Agreement. The damage Class Plaintiffs have been given the opportunity to opt-out of the damage class.

The terms of the Settlement Agreement, which will include appendices, are subject to review and approval by the court. The timing of the settlement’s approval is uncertain. As a result, at this time Chase USA cannot determine the impact of the settlement on the issuing entity or any of its notes; however, Chase USA does not believe that the proposed settlement will affect the payment of principal or interest by the issuing entity on its notes.

S-2

Underwriting

Subject to the terms and conditions of the underwriting agreement for the offered notes, the issuing entity has agreed to sell to each of the underwriters named below, and each of those underwriters has severally agreed to purchase, the principal amount of the offered notes opposite its name:

Underwriters	Principal Amount
J.P. Morgan Securities LLC	$	500,000,000
Barclays Capital Inc.		500,000,000
RBS Securities Inc.		500,000,000
Total	$	1,500,000,000

The several underwriters have agreed, subject to the terms and conditions of the underwriting agreement, to purchase all $1,500,000,000 aggregate principal amount of the offered notes if any of the offered notes are not purchased.

The underwriters have advised the issuing entity that the several underwriters propose initially to offer the offered notes to the public at the public offering price on the cover page of this prospectus supplement, and to certain dealers at that public offering price less a concession not in excess of 0.21000% of the principal amount of the offered notes. The underwriters may allow, and those dealers may reallow to other dealers, a concession not in excess of 0.10500% of the principal amount.

After the public offering, the public offering price and other selling terms may be changed by the underwriters.

Each underwriter of the offered notes has represented and agreed that:

• it has complied and will comply with all applicable provisions of the Financial Services and Markets Act 2000 with respect to anything done by it in relation to the offered notes in, from or otherwise involving the United Kingdom; and

• it has only communicated or caused to be communicated and it will only communicate or cause to be communicated any invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) received by it in connection with the issue or sale of any offered notes in circumstances in which section 21(1) of the Financial Services and Markets Act 2000 does not apply to the issuing entity.

In connection with the sale of the offered notes, the underwriters may engage in:

• over-allotments, in which members of the syndicate selling the offered notes sell more notes than the issuing entity actually sold to the syndicate, creating a syndicate short position;

• stabilizing transactions, in which purchases and sales of the offered notes may be made by the members of the selling syndicate at prices that do not exceed a specified maximum;

• syndicate covering transactions, in which members of the selling syndicate purchase the offered notes in the open market after the distribution has been completed in order to cover syndicate short positions; and

• penalty bids, by which the underwriter reclaims a selling concession from a syndicate member when any of the offered notes originally sold by that syndicate member are purchased in a syndicate covering transaction to cover syndicate short positions.

S-3

These stabilizing transactions, syndicate covering transactions and penalty bids may cause the price of the offered notes to be higher than it would otherwise be. These transactions, if commenced, may be discontinued at any time.

The issuing entity and Chase USA will, jointly and severally, indemnify the underwriters against certain liabilities, including liabilities under applicable securities laws, or contribute to payments the underwriters may be required to make in respect of those liabilities. The issuing entity’s obligation to indemnify the underwriters will be limited to available finance charge collections after making all required payments and required deposits under the indenture.

The issuing entity will receive proceeds of $1,494,572,400 from the sale of the offered notes. This amount represents 99.63816% of the principal amount of those notes. The issuing entity will receive this amount net of the underwriting discount of $5,250,000. The underwriting discount represents 0.35000% of the principal amount of those notes. Deposits will be made to Class C reserve subaccounts for outstanding Class C notes in an aggregate amount of $22,500,000. Additional issuance expenses are estimated to be $400,000. The issuing entity will pay these proceeds to Chase USA which will use the proceeds as described in “Use of Proceeds” in this prospectus supplement.

J.P. Morgan Securities LLC is a wholly owned subsidiary of JPMorgan Chase & Co. and an affiliate of Chase USA and of JPMorgan Chase Bank, National Association.

S-4

Annex I

Other Outstanding Classes and Tranches

The following classes and tranches of CHASEseries notes are expected to be outstanding on the issuance date. The information provided in this Annex I is an integral part of the prospectus supplement.

CHASEseries

Class A	Issuance Date	Nominal Liquidation Amount		Note Interest Rate	Scheduled Principal Payment Date	Legal Maturity Date
Class A(2003-4)	May 22, 2003	$	500,000,000	One Month LIBOR + 0.25%	May 15, 2013	January 15, 2016
Class A(2003-8)	September 16, 2003	$	525,000,000	One Month LIBOR + 0.25%	September 16, 2013	May 16, 2016
Class A(2004-3)	May 12, 2004	$	675,000,000	One Month LIBOR + 0.17%	June 16, 2014	February 15, 2017
Class A(2004-8)	November 4, 2004	$	350,000,000	One Month LIBOR + 0.12%	January 15, 2013	September 15, 2015
Class A(2005-11)	November 3, 2005	$	750,000,000	One Month LIBOR + 0.07%	October 15, 2012	December 15, 2014
Class A(2006-2)	February 22, 2006	$	425,000,000	5.16%	February 16, 2016	April 16, 2018
Class A(2006-6)	October 30, 2006	$	200,000,000	One Month LIBOR + 0.03%	October 15, 2015	December 15, 2017
Class A(2006-8)	December 18, 2006	$	500,000,000	One Month LIBOR + 0.06%	December 16, 2013	February 16, 2016
Class A(2007-2)	February 21, 2007	$	400,000,000	One Month LIBOR + 0.05%	February 15, 2017	April 15, 2019
Class A(2007-3)	February 15, 2007	$	450,000,000	5.23%	February 15, 2017	April 15, 2019
Class A(2007-5)	April 11, 2007/ April 26, 2007/ May 22, 2007	$	470,000,000	One Month LIBOR + 0.04%	March 15, 2017	March 15, 2019
Class A(2007-7)	May 9, 2007	$	215,000,000	One Month LIBOR + 0.02%	June 16, 2014	June 15, 2017
Class A(2007-8)	May 30, 2007	$	200,000,000	One Month LIBOR + 0.02%	March 16, 2015	March 15, 2017
Class A(2007-12)	August 1, 2007	$	405,000,000	One Month LIBOR + 0.05%	August 15, 2017	August 15, 2019
Class A(2007-17)	October 15, 2007	$	2,000,000,000	5.12%	October 15, 2012	October 15, 2014
Class A(2007-18)	October 31, 2007	$	2,000,000,000	One Month LIBOR + 0.26%	January 15, 2013	January 15, 2015
Class A(2008-2)	February 20, 2008	$	1,035,000,000	One Month LIBOR + 0.90%	February 17, 2015	February 15, 2017
Class A(2008-3)	March 17, 2008/ April 1, 2008	$	910,000,000	One Month LIBOR + 1.10%	March 17, 2014	March 15, 2016
Class A(2008-4)	April 2, 2008	$	830,000,000	4.65%	March 15, 2013	March 16, 2015
Class A(2008-6)	May 15, 2008	$	750,000,000	One Month LIBOR + 1.20%	May 15, 2013	May 15, 2015
Class A(2008-8)	May 16, 2008	$	800,000,000	One Month LIBOR + 1.20%	May 15, 2015	May 15, 2017
Class A(2008-10)	June 13, 2008	$	1,250,000,000	One Month LIBOR + 0.75%	August 15, 2013	August 17, 2015
Class A(2008-11)	July 30, 2008	$	400,000,000	5.40%	July 15, 2013	July 15, 2015
Class A(2008-12)	August 15, 2008	$	570,000,000	One Month LIBOR + 1.30%	August 15, 2013	August 17, 2015
Class A(2008-13)	September 16, 2008	$	565,000,000	Three Month LIBOR + 1.50%	September 16, 2013	September 15, 2015
Class A(2008-14)	September 30, 2008	$	250,000,000	One Month LIBOR + 1.60%	October 15, 2013	October 15, 2015
Class A(2011-1)	April 7, 2011	$	500,000,000	One Month LIBOR + 0.19%	March 15, 2013	March 16, 2015
Class A(2011-2)	June 17, 2011	$	500,000,000	One Month LIBOR + 0.09%	May 15, 2013	May 15, 2015
Class A(2011-3)	December 28, 2011	$	775,000,000	One Month LIBOR + 0.12%	December 16, 2013	December 15, 2015
Class A(2012-1)	May 22, 2012	$	1,600,000,000	One Month LIBOR + 0.10%	May 15, 2014	May 16, 2016
Class A(2012-2)	June 5, 2012	$	750,000,000	One Month LIBOR + 0.27%	May 15, 2017	May 15, 2019
Class A(2012-3)	June 18, 2012	$	1,500,000,000	0.79%	June 15, 2015	June 15, 2017

A-I-1

Class B	Issuance Date	Nominal Liquidation Amount		Note Interest Rate	Scheduled Principal Payment Date	Legal Maturity Date
Class B(2005-3)	September 14, 2005	$	500,000,000	One Month LIBOR + 0.20%	March 15, 2013	May 15, 2015
Class B(2005-5)	October 28, 2005	$	325,000,000	One Month LIBOR + 0.22%	January 15, 2014	March 15, 2016
Class B(2007-1)	February 21, 2007	$	515,000,000	One Month LIBOR + 0.25%	February 15, 2017	April 15, 2019
Class B(2010-2)	May 26, 2010	$	380,000,000	One Month LIBOR + 0.78%	December 16, 2013	December 15, 2015
Class B(2010-3)	May 26, 2010	$	75,000,000	One Month LIBOR + 0.96%	August 15, 2017	August 15, 2019
Class B(2012-1)	May 23, 2012	$	750,000,000	One Month LIBOR + 0.55%	May 15, 2015	May 15, 2017

Class C	Issuance Date	Nominal Liquidation Amount		Note Interest Rate	Scheduled Principal Payment Date	Legal Maturity Date
Class C(2003-3)	June 18, 2003	$	400,000,000	4.77%	June 17, 2013	February 16, 2016
Class C(2004-2)	June 30, 2004	$	165,000,000	One Month LIBOR + 0.80%	June 16, 2014	February 15, 2017
Class C(2006-1)	January 26, 2006	$	250,000,000	One Month LIBOR + 0.40%	January 15, 2013	March 16, 2015
Class C(2007-1)	February 21, 2007	$	405,000,000	One Month LIBOR + 0.46%	February 15, 2017	April 15, 2019
Class C(2010-2)	May 26, 2010	$	505,000,000	One Month LIBOR + 1.40%	December 16, 2013	December 15, 2015
Class C(2010-3)	May 26, 2010	$	75,000,000	One Month LIBOR + 1.60%	August 15, 2017	August 15, 2019
Class C(2012-1)	May 23, 2012	$	750,000,000	One Month LIBOR + 0.96%	May 15, 2015	May 15, 2017

A-I-2

Annex II

Outstanding First USA Master Trust Series

The following First USA Master Trust and series are expected to be outstanding on the issuance date. The information provided in this Annex II is an integral part of the prospectus supplement.

Outstanding First USA Master Trust Series:

Series/Class	Issuance Date	Current Invested Amount		Certificate Rate	Scheduled Payment Date	Termination Date
1.    Series 2002-CC	May 1, 2002	$	39,100,000

A-II-1

Annex III

Static Pool Information

Chase Issuance Trust Portfolio

Static Pool Data

(dollars in thousands)

	2012
Principal Receivables Outstanding (1)	Jan-12		Feb-12		Mar-12
2011
2010
2009		$  1,346,361		$  1,306,902		$  1,291,090
2008		4,502,333		4,376,327		4,299,105
2007		4,436,543		4,304,338		4,224,847
Prior to 2007		34,209,180		33,279,152		32,746,168
Total		$44,494,417		$43,266,719		$42,561,210
Total Receivables Outstanding (1)	Jan-12		Feb-12		Mar-12
2011
2010
2009		$  1,378,816		$  1,340,469		$  1,323,931
2008		4,628,989		4,503,822		4,423,577
2007		4,587,500		4,455,644		4,372,082
Prior to 2007		35,749,347		34,806,909		34,225,744
Total		$46,344,652		$45,106,844		$44,345,334
Net Losses as a percentage of Principal Receivables Outstanding (1)	Jan-12		Feb-12		Mar-12
2011
2010
2009		3.95%		3.87%		4.05%
2008		4.60%		4.12%		4.55%
2007		4.80%		4.21%		4.44%
Prior to 2007		4.15%		3.92%		4.09%
Total		4.25%		3.97%		4.17%
Percentage of Total Receivables Delinquent 30+ Days (1)	Jan-12		Feb-12		Mar-12
2011
2010
2009		2.37%		2.28%		2.18%
2008		2.63%		2.56%		2.42%
2007		2.68%		2.65%		2.55%
Prior to 2007		2.40%		2.38%		2.31%
Total		2.45%		2.42%		2.34%
Yield from Finance Charges, Fees, and Interchange (1)	Jan-12		Feb-12		Mar-12
2011
2010
2009		16.22%		17.74%		18.36%
2008		15.06%		16.11%		16.03%
2007		16.13%		17.23%		17.19%
Prior to 2007		16.56%		17.71%		17.75%
Total		16.35%		17.50%		17.54%

A-III-1

	2012
Receivables Principal Payment Rate (1)	Jan-12	Feb-12	Mar-12
2011
2010
2009	30.94%	29.57%	31.26%
2008	23.64%	22.67%	23.99%
2007	24.62%	23.58%	24.84%
Prior to 2007	25.13%	23.58%	24.90%
Total	25.10%	23.67%	25.00%
Percentage of Total Accounts making Minimum Payment (1)	Jan-12	Feb-12	Mar-12
2011
2010
2009	4.13%	3.99%	3.90%
2008	5.32%	5.15%	5.02%
2007	5.64%	5.44%	5.31%
Prior to 2007	4.89%	4.77%	4.67%
Total	4.99%	4.86%	4.75%
Percentage of Total Accounts making Full Payment (1)	Jan-12	Feb-12	Mar-12
2011
2010
2009	23.52%	23.51%	23.75%
2008	20.66%	20.67%	20.80%
2007	20.02%	20.09%	20.25%
Prior to 2007	22.51%	22.46%	22.54%
Total	22.07%	22.05%	22.14%

(1) Based on the Pool Balance, which includes the outstanding principal amount of the First USA collateral certificate and the outstanding amount of principal receivables in the issuing entity, as applicable.

A-III-2

Chase Issuance Trust Portfolio

Static Pool Data

(dollars in thousands)

	2011
Principal Receivables Outstanding (1)	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009		$  1,474,722		$  1,431,014		$  1,414,826		$  1,280,198		$  1,295,712		$  1,300,376		$  1,311,450		$  1,332,314		$  1,320,648		$  1,326,466		$  1,345,842		$  1,383,171
2008		5,110,886		4,958,683		4,860,390		4,361,736		4,360,580		4,368,267		4,405,450		4,479,955		4,450,352		4,471,853		4,523,012		4,614,133
2007		5,183,893		5,009,971		4,905,953		4,397,719		4,386,872		4,379,667		4,404,163		4,466,359		4,423,256		4,434,226		4,473,481		4,559,529
2006		5,532,208		5,355,912		5,227,233		4,674,589		4,678,923		4,674,939		4,702,599		4,764,885		4,729,598		4,742,649		4,770,613		4,853,895
Prior to 2006		34,615,523		33,527,340		32,949,868		29,656,931		29,666,890		29,591,058		29,603,675		29,923,775		29,535,129		29,492,931		29,713,721		30,414,773
Total		$51,917,232		$50,282,920		$49,358,270		$44,371,173		$44,388,977		$44,314,307		$44,427,337		$44,967,288		$44,458,983		$44,468,125		$44,826,669		$45,825,501
Total Receivables Outstanding (1)	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009		$  1,506,969		$  1,464,077		$  1,445,690		$  1,308,032		$  1,324,746		$  1,329,089		$  1,340,338		$  1,361,668		$  1,350,560		$  1,356,858		$  1,377,175		$  1,414,937
2008		5,252,993		5,099,233		4,991,716		4,480,675		4,478,092		4,485,801		4,522,614		4,599,355		4,571,159		4,593,980		4,647,511		4,739,040
2007		5,368,224		5,191,168		5,075,294		4,550,098		4,536,878		4,528,652		4,551,707		4,614,700		4,572,153		4,583,251		4,623,917		4,709,708
2006		5,769,436		5,588,150		5,445,222		4,869,891		4,870,434		4,864,351		4,889,235		4,951,485		4,915,605		4,927,673		4,956,257		5,038,373
Prior to 2006		36,522,043		35,390,681		34,707,409		31,218,805		31,186,866		31,081,226		31,059,440		31,364,720		30,955,199		30,892,786		31,102,452		31,781,729
Total		$54,419,665		$52,733,309		$51,665,331		$46,427,501		$46,397,016		$46,289,119		$46,363,334		$46,891,928		$46,364,676		$46,354,548		$46,707,312		$47,683,787
Net Losses as a percentage of Principal Receivables Outstanding (1)	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009		4.80%		4.96%		4.91%		4.58%		4.81%		4.13%		3.94%		3.91%		3.64%		3.64%		3.70%		3.98%
2008		6.13%		6.29%		6.32%		5.89%		5.82%		5.21%		4.84%		4.83%		4.38%		4.32%		4.44%		4.43%
2007		6.51%		6.91%		6.73%		6.16%		6.29%		5.56%		5.26%		5.25%		4.57%		4.43%		4.52%		4.40%
2006		7.20%		7.36%		6.97%		6.61%		6.48%		5.77%		5.64%		5.41%		4.78%		4.71%		4.93%		4.73%
Prior to 2006		5.72%		5.97%		5.76%		5.35%		5.46%		4.71%		4.60%		4.48%		3.95%		4.06%		3.99%		3.93%
Total		5.97%		6.21%		6.02%		5.60%		5.67%		4.94%		4.78%		4.67%		4.13%		4.18%		4.18%		4.11%
Percentage of Total Receivables Delinquent 30+ Days (1)	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009		2.82%		2.74%		2.57%		2.42%		2.25%		2.21%		2.21%		2.27%		2.31%		2.40%		2.41%		2.39%
2008		3.58%		3.45%		3.20%		2.98%		2.79%		2.70%		2.67%		2.65%		2.69%		2.74%		2.75%		2.67%
2007		3.84%		3.69%		3.43%		3.19%		2.97%		2.89%		2.82%		2.76%		2.81%		2.80%		2.79%		2.74%
2006		4.02%		3.88%		3.64%		3.38%		3.14%		3.04%		2.98%		2.91%		2.96%		2.97%		2.97%		2.91%
Prior to 2006		3.22%		3.13%		2.94%		2.74%		2.54%		2.47%		2.40%		2.35%		2.41%		2.42%		2.41%		2.35%
Total		3.39%		3.29%		3.08%		2.86%		2.66%		2.59%		2.52%		2.48%		2.53%		2.55%		2.54%		2.48%
Yield from Finance Charges, Fees, and Interchange (1)	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009		17.24%		19.04%		19.95%		18.17%		19.47%		19.77%		18.38%		17.71%		17.27%		16.76%		17.03%		17.27%
2008		16.29%		17.54%		17.65%		16.40%		17.22%		17.17%		16.59%		16.28%		16.25%		15.80%		15.95%		15.97%
2007		17.12%		18.55%		18.76%		17.38%		18.20%		18.22%		17.58%		17.34%		17.35%		16.85%		17.07%		17.08%
2006		16.49%		17.97%		18.05%		16.75%		17.66%		17.74%		17.19%		16.84%		16.94%		16.36%		16.45%		16.50%
Prior to 2006		17.54%		19.05%		19.37%		18.05%		18.81%		18.87%		18.18%		17.85%		17.93%		17.52%		17.74%		17.94%
Total		17.25%		18.74%		19.02%		17.69%		18.49%		18.54%		17.87%		17.53%		17.58%		17.14%		17.33%		17.48%
Receivables Principal Payment Rate (1)	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009		31.31%		29.33%		33.04%		30.87%		32.93%		32.25%		31.75%		31.70%		30.74%		29.93%		29.06%		30.43%
2008		23.17%		21.69%		24.67%		22.94%		24.56%		24.21%		24.09%		23.94%		23.32%		22.61%		21.90%		22.94%
2007		23.69%		22.29%		25.23%		23.54%		25.05%		24.73%		24.62%		24.65%		23.99%		23.31%		22.75%		23.89%
2006		19.64%		18.62%		21.22%		19.74%		21.15%		20.91%		20.92%		20.78%		20.33%		19.71%		19.33%		20.30%
Prior to 2006		24.15%		22.23%		24.97%		23.31%		25.48%		25.23%		25.37%		25.05%		24.70%		24.13%		23.44%		24.92%
Total		23.73%		22.00%		24.80%		23.14%		25.11%		24.83%		24.89%		24.65%		24.21%		23.60%		22.95%		24.29%

A-III-3

Percentage of Total Accounts making Minimum Payment (1)	2011
	Jan-11	Feb-11	Mar-11	Apr-11	May-11	Jun-11	Jul-11	Aug-11	Sep-11	Oct-11	Nov-11	Dec-11
2010
2009	3.65%	3.68%	3.72%	3.54%	3.79%	3.84%	3.95%	3.84%	3.94%	3.88%	3.94%	4.31%
2008	4.95%	4.99%	5.05%	4.67%	5.03%	4.97%	5.11%	4.99%	5.14%	5.04%	5.14%	5.54%
2007	5.31%	5.34%	5.62%	5.04%	5.36%	5.28%	5.40%	5.24%	5.40%	5.31%	5.39%	5.90%
2006	6.14%	6.17%	6.39%	5.78%	6.05%	5.95%	6.08%	5.91%	6.06%	5.99%	6.03%	6.51%
Prior to 2006	4.77%	4.82%	4.96%	4.50%	4.66%	4.56%	4.64%	4.55%	4.63%	4.55%	4.59%	4.88%
Total	4.97%	5.01%	5.16%	4.69%	4.90%	4.82%	4.92%	4.80%	4.91%	4.83%	4.88%	5.22%
Percentage of Total Accounts making Full Payment (1)	Jan-11	Feb-11	Mar-11	Apr-11	May-11	Jun-11	Jul-11	Aug-11	Sep-11	Oct-11	Nov-11	Dec-11
2010
2009	24.67%	24.70%	24.76%	25.13%	24.91%	24.64%	24.13%	23.87%	23.64%	23.22%	23.19%	23.45%
2008	22.08%	22.15%	21.90%	22.42%	22.36%	21.90%	21.51%	21.40%	21.31%	20.89%	20.80%	20.65%
2007	20.89%	20.97%	20.10%	21.36%	20.72%	20.38%	20.05%	20.04%	19.96%	19.63%	19.59%	19.96%
2006	17.72%	17.86%	17.19%	18.35%	18.16%	17.88%	17.58%	17.58%	17.47%	17.19%	17.16%	17.26%
Prior to 2006	24.47%	24.37%	23.85%	24.62%	24.55%	24.37%	24.07%	24.14%	23.85%	23.51%	23.54%	23.45%
Total	23.04%	23.01%	22.49%	23.32%	23.17%	22.93%	22.61%	22.62%	22.41%	22.07%	22.07%	22.07%

(1) Based on the Pool Balance, which includes the outstanding principal amount of the First USA collateral certificate and the outstanding amount of principal receivables in the issuing entity, as applicable.

A-III-4

Chase Issuance Trust Portfolio

Static Pool Data

(dollars in thousands)

	2010
Principal Receivables Outstanding (1)	Jan-10		Feb-10		Mar-10		Apr-10		May-10			Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009		$  2,053,148		$  2,001,520		$  1,863,007		$  1,868,001		$  1,881,401			$  1,869,400		$  1,861,481		$  1,755,966		$  1,725,099		$  1,587,799		$  1,612,744		$  1,656,933
2008		8,067,156		7,768,902		7,131,501		7,032,654		6,973,684			6,876,558		6,795,180		6,296,574		6,160,457		5,636,014		5,660,622		5,742,149
2007		8,400,787		8,122,733		7,465,271		7,347,142		7,251,759			7,118,913		7,006,097		6,479,430		6,324,621		5,764,772		5,780,887		5,850,205
2006		9,127,811		8,833,297		8,090,692		7,930,257		7,797,313			7,650,297		7,519,474		6,937,290		6,775,556		6,171,058		6,158,951		6,212,491
2005		8,220,642		7,951,063		7,280,554		7,138,890		7,021,457			6,891,387		6,769,194		6,262,842		6,111,417		5,567,494		5,557,291		5,613,622
Prior to 2005		48,741,714		47,252,878		43,500,393		42,839,402		42,110,297			41,350,632		40,556,476		37,310,138		36,327,837		33,081,005		33,057,384		33,608,771
Total		$84,611,258		$81,930,393		$75,331,418		$74,156,346		$73,035,911			$71,757,187		$70,507,902		$65,042,240		$63,424,987		$57,808,142		$57,827,879		$58,684,171
Total Receivables Outstanding (1)	Jan-10		Feb-10		Mar-10		Apr-10		May-10			Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009		$  2,110,074		$  2,063,049		$  1,918,656		$  1,924,866		$  1,942,344			$  1,930,892		$  1,917,756		$  1,803,602		$  1,769,455		$  1,626,134		$  1,650,164		$  1,692,499
2008		8,360,322		8,067,306		7,395,223		7,296,898		7,238,795			7,142,913		7,039,333		6,506,065		6,357,354		5,806,621		5,826,675		5,899,936
2007		8,798,705		8,520,323		7,813,707		7,690,694		7,591,623			7,456,793		7,318,175		6,748,404		6,578,807		5,986,327		5,996,418		6,055,718
2006		9,644,227		9,345,781		8,541,247		8,372,593		8,231,606			8,079,015		7,917,272		7,282,227		7,102,361		6,456,472		6,435,869		6,476,815
2005		8,708,838		8,434,373		7,706,377		7,556,160		7,429,538			7,293,340		7,141,842		6,587,705		6,418,443		5,834,966		5,816,375		5,860,294
Prior to 2005		52,414,632		50,884,165		46,732,740		45,997,555		45,192,739			44,372,145		43,379,412		39,766,913		38,658,200		35,122,524		35,033,258		35,496,948
Total		$90,036,798		$87,314,997		$80,107,950		$78,838,766		$77,626,645			$76,275,098		$74,713,790		$68,694,916		$66,884,620		$60,833,044		$60,758,759		$61,482,210
Net Losses as a percentage of Principal Receivables Outstanding (1)	Jan-10		Feb-10		Mar-10		Apr-10		May-10			Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009		3.53%		4.15%		4.93%		5.37%		5.72%			5.57%		5.59%		6.04%		5.57%		5.11%		5.51%		5.64%
2008		9.57%		8.61%		8.85%		8.76%		8.76%			8.21%		7.87%		8.18%		8.01%		7.14%		7.36%		7.23%
2007		12.08%		10.31%		10.16%		10.04%		10.24%			9.29%		8.70%		8.91%		8.57%		7.64%		8.09%		7.81%
2006		13.58%		11.46%		11.23%		11.18%		11.10%			10.44%		9.60%		9.81%		9.38%		8.41%		8.61%		8.43%
2005		12.21%		10.15%		10.21%		9.72%		9.64%			9.24%		8.75%		8.78%		8.46%		7.56%		7.56%		7.42%
Prior to 2005		10.52%		8.76%		9.26%		8.54%		8.38%	��		7.85%		7.50%		7.75%		7.30%		6.60%		6.71%		6.54%
Total		10.91%		9.21%		9.51%		9.03%		8.95%			8.38%		7.95%		8.18%		7.78%		7.00%		7.16%		6.99%
Percentage of Total Receivables Delinquent 30+ Days (1)	Jan-10		Feb-10		Mar-10		Apr-10		May-10			Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009		2.82%		3.00%		3.10%		3.12%		3.07%			3.14%		3.19%		3.10%		3.10%		3.14%		3.05%		2.87%
2008		4.64%		4.58%		4.50%		4.43%		4.28%			4.23%		4.19%		4.04%		4.00%		3.97%		3.86%		3.64%
2007		5.40%		5.24%		5.08%		4.93%		4.68%			4.58%		4.53%		4.34%		4.31%		4.29%		4.12%		3.92%
2006		5.96%		5.77%		5.60%		5.41%		5.19%			5.04%		4.97%		4.75%		4.67%		4.62%		4.45%		4.19%
2005		5.22%		5.08%		4.91%		4.78%		4.60%			4.47%		4.37%		4.20%		4.14%		4.08%		3.94%		3.72%
Prior to 2005		4.47%		4.39%		4.23%		4.11%		3.95%			3.87%		3.79%		3.60%		3.57%		3.53%		3.41%		3.22%
Total		4.75%		4.67%		4.51%		4.40%		4.22%			4.13%		4.06%		3.89%		3.82%		3.81%		3.68%		3.47%
Yield from Finance Charges, Fees, and Interchange (1)	Jan-10		Feb-10		Mar-10		Apr-10		May-10			Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009		19.71%		22.24%		25.11%		23.60%		24.13%			25.05%		23.94%		23.08%		20.60%		19.70%		19.22%		19.56%
2008		17.86%		19.80%		21.56%		20.33%		20.19%			20.62%		20.21%		19.94%		18.79%		18.27%		17.82%		18.18%
2007		19.08%		20.77%		22.27%		20.76%		20.57%			21.07%		20.77%		20.61%		19.50%		19.09%		18.66%		19.09%
2006		17.67%		19.56%		20.93%		19.42%		19.26%			19.72%		19.49%		19.31%		18.52%		18.12%		17.73%		18.21%
2005		17.44%		19.55%		21.15%		19.69%		19.48%			19.84%		19.60%		19.47%		18.70%		18.32%		17.85%		18.43%
Prior to 2005		18.29%		20.84%		22.89%		21.48%		21.27%			21.67%		21.36%		21.17%		20.17%		19.73%		19.23%		20.00%
Total		18.21%		20.50%		22.38%		20.96%		20.78%			21.21%		20.89%		20.68%		19.66%		19.21%		18.74%		19.38%
Receivables Principal Payment Rate (1)	Jan-10		Feb-10		Mar-10		Apr-10		May-10			Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009		31.33%		28.82%		33.44%		31.41%		31.98%			31.64%		31.37%		32.00%		30.84%		30.70%		29.44%		31.91%
2008		21.04%		19.37%		22.33%		21.13%		21.70%			21.79%		21.90%		22.60%		22.11%		22.10%		21.24%		23.35%
2007		20.11%		18.59%		21.39%		20.57%		21.45%			21.61%		21.85%		22.65%		22.19%		22.38%		21.64%		23.82%
2006		16.30%		15.16%		17.51%		16.82%		17.49%			17.62%		17.97%		18.59%		18.19%		18.38%		17.80%		19.65%
2005		16.64%		15.32%		17.80%		17.10%		17.78%			17.84%		18.22%		18.86%		18.46%		18.64%		18.01%		19.95%
Prior to 2005		20.49%		18.20%		20.92%		20.18%		21.45%			21.59%		22.22%		22.91%		22.66%		22.96%		22.15%		24.71%
Total		19.94%		18.00%		20.74%		19.93%		20.97%			21.09%		21.55%		22.25%		21.90%		22.12%		21.35%		23.69%

A-III-5

Percentage of Total Accounts making Minimum Payment (1)	2010
	Jan-10	Feb-10	Mar-10	Apr-10	May-10	Jun-10	Jul-10	Aug-10	Sep-10	Oct-10	Nov-10	Dec-10
2009	3.17%	3.24%	3.50%	3.41%	3.20%	3.59%	3.65%	3.69%	3.65%	3.60%	3.58%	3.92%
2008	4.85%	4.82%	4.99%	4.55%	4.56%	4.82%	5.03%	5.03%	5.06%	5.01%	4.96%	5.35%
2007	5.23%	5.32%	5.72%	4.96%	5.02%	5.37%	5.55%	5.51%	5.50%	5.42%	5.36%	5.74%
2006	6.32%	6.32%	6.68%	5.91%	5.94%	6.29%	6.47%	6.39%	6.40%	6.34%	6.22%	6.64%
2005	6.11%	6.17%	6.47%	5.71%	5.71%	5.90%	6.04%	5.94%	5.95%	5.88%	5.75%	6.15%
Prior to 2005	5.14%	5.15%	5.33%	4.80%	4.74%	4.82%	4.92%	4.84%	4.85%	4.79%	4.68%	4.96%
Total	5.28%	5.30%	5.54%	4.96%	4.93%	5.11%	5.24%	5.19%	5.19%	5.13%	5.03%	5.36%
Percentage of Total Accounts making Full Payment (1)	Jan-10	Feb-10	Mar-10	Apr-10	May-10	Jun-10	Jul-10	Aug-10	Sep-10	Oct-10	Nov-10	Dec-10
2009	25.88%	25.94%	25.93%	25.72%	25.56%	25.81%	25.20%	25.11%	25.08%	24.60%	24.73%	24.63%
2008	21.56%	21.92%	21.69%	21.90%	21.81%	22.18%	22.03%	22.19%	22.34%	22.05%	22.12%	22.00%
2007	19.65%	20.32%	19.36%	20.39%	20.34%	21.13%	20.99%	20.99%	21.12%	20.86%	21.01%	20.88%
2006	16.70%	17.01%	16.29%	17.23%	17.20%	17.83%	17.71%	17.72%	17.76%	17.58%	17.72%	17.67%
2005	17.66%	18.03%	17.35%	18.34%	18.33%	18.51%	18.32%	18.30%	18.33%	18.13%	18.19%	18.10%
Prior to 2005	25.66%	25.61%	25.16%	25.68%	25.85%	26.04%	25.83%	25.96%	25.98%	25.73%	25.77%	25.75%
Total	22.59%	22.79%	22.26%	22.88%	22.95%	23.33%	23.14%	23.21%	23.27%	23.02%	23.09%	23.04%

(1) Based on the Pool Balance, which includes the outstanding principal amount of the First USA collateral certificate and the outstanding amount of principal receivables in the issuing entity, as applicable.

A-III-6

Chase Issuance Trust Portfolio

Static Pool Data

(dollars in thousands)

	2009
Principal Receivables Outstanding (1)	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009																		$  1,203,800		$  1,956,673		$  2,036,631		$  2,104,196
2008								$  1,735,340		$  1,756,009		$  4,884,896		$  8,676,499		$  9,029,273		8,754,786		8,501,133		8,434,243		8,407,803
2007		$  6,998,904		$  6,802,332		$  6,635,478		6,932,094		8,839,671		8,845,972		8,803,407		8,835,103		8,714,625		8,581,974		8,612,723		8,693,655
2006		10,409,649		10,147,259		9,897,435		9,845,410		9,919,568		9,847,898		9,734,412		9,705,355		9,538,843		9,382,056		9,371,084		9,431,029
2005		9,616,155		9,373,549		9,119,395		9,044,599		9,141,885		9,058,205		8,932,119		8,869,179		8,687,848		8,516,380		8,481,063		8,521,968
2004		7,775,606		7,581,959		7,385,102		7,345,798		7,385,524		7,328,747		7,218,988		7,159,390		6,987,147		6,835,210		6,808,489		6,847,191
Prior to 2004		42,074,631		43,994,906		42,008,950		41,387,321		45,343,043		45,736,856		43,749,455		43,417,974		43,092,721		41,333,965		43,697,456		43,992,085
Total		$76,874,945		$77,900,005		$75,046,360		$76,290,562		$82,385,700		$85,702,574		$87,114,880		$87,016,274		$86,979,770		$85,107,391		$87,441,689		$87,997,927
Total Receivables Outstanding (1)	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009																		$  1,228,756		$  1,998,499		$  2,084,947		$  2,157,130
2008								$  1,763,617		$  1,786,175		$  4,986,191		$  8,868,518		$  9,257,656		9,003,298		8,762,041		8,712,452		8,696,449
2007		$  7,184,198		$  6,997,686		$  6,826,636		7,139,421		9,085,755		9,138,573		9,120,967		9,178,338		9,078,764		8,955,777		9,002,147		9,091,819
2006		10,765,302		10,513,920		10,256,431		10,217,416		10,301,776		10,277,374		10,184,969		10,178,786		10,028,986		9,878,951		9,882,741		9,949,633
2005		9,976,988		9,743,092		9,479,498		9,414,729		9,519,399		9,477,897		9,369,949		9,325,738		9,157,984		8,991,335		8,967,905		9,013,682
2004		8,092,103		7,905,390		7,700,158		7,668,261		7,712,495		7,689,410		7,594,518		7,549,860		7,387,331		7,238,763		7,220,698		7,262,615
Prior to 2004		43,690,898		45,787,622		43,765,044		43,193,288		47,379,721		48,089,606		46,183,856		46,030,127		46,000,970		44,307,737		46,956,353		47,274,886
Total		$79,709,489		$80,947,710		$78,027,767		$79,396,732		$85,785,321		$89,659,051		$91,322,777		$91,520,505		$91,886,089		$90,133,103		$92,827,243		$93,446,214
Net Losses as a percentage of Principal Receivables Outstanding (1)	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009																		0.01%		1.04%		1.97%		2.77%
2008								0.06%		3.60%		1.95%		3.90%		5.25%		6.11%		6.29%		7.79%		6.93%
2007		5.06%		7.06%		8.40%		9.40%		8.41%		7.96%		7.85%		8.70%		8.11%		9.09%		10.26%		8.30%
2006		8.10%		8.57%		9.40%		10.63%		11.49%		11.58%		11.16%		12.08%		11.23%		10.74%		11.73%		9.14%
2005		6.86%		7.29%		8.08%		9.11%		9.91%		10.18%		9.71%		10.73%		9.87%		9.44%		10.32%		8.06%
2004		6.59%		6.65%		7.53%		8.81%		9.58%		9.55%		9.27%		10.18%		9.60%		9.31%		10.28%		7.74%
Prior to 2004		5.27%		5.44%		6.14%		7.06%		7.32%		7.19%		7.21%		8.05%		7.36%		7.32%		7.89%		6.38%
Total		5.94%		6.35%		7.13%		8.07%		8.36%		8.04%		7.92%		8.73%		8.12%		8.02%		8.81%		7.11%
Percentage of Total Receivables Delinquent 30+ Days (1)	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009																		1.98%		2.03%		2.33%		2.56%
2008								2.78%		2.99%		3.42%		3.26%		3.76%		4.17%		4.55%		4.62%		4.72%
2007		5.02%		5.39%		5.64%		5.58%		4.48%		4.64%		4.51%		5.02%		5.42%		5.68%		5.61%		5.63%
2006		5.64%		5.96%		6.22%		6.28%		6.05%		5.97%		5.56%		5.88%		6.09%		6.30%		6.19%		6.23%
2005		4.84%		5.15%		5.42%		5.48%		5.28%		5.22%		4.87%		5.16%		5.34%		5.55%		5.47%		5.48%
2004		4.55%		4.88%		5.12%		5.19%		5.04%		5.01%		4.67%		4.96%		5.17%		5.39%		5.27%		5.29%
Prior to 2004		3.77%		4.02%		4.31%		4.39%		4.00%		3.99%		3.72%		3.99%		4.22%		4.55%		4.49%		4.56%
Total		4.35%		4.61%		4.89%		4.91%		4.52%		4.46%		4.16%		4.48%		4.69%		4.95%		4.90%		4.94%
Yield from Finance Charges, Fees, and Interchange (1)	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009																		16.53%		18.23%		19.41%		20.87%
2008								17.73%		20.05%		13.91%		14.29%		13.94%		14.80%		15.65%		16.61%		18.28%
2007		14.53%		15.91%		17.00%		16.15%		16.16%		16.06%		18.28%		18.18%		18.56%		18.85%		19.25%		20.35%
2006		13.86%		14.73%		15.59%		14.75%		15.24%		14.81%		17.20%		16.91%		17.35%		17.56%		17.80%		18.88%
2005		13.44%		14.36%		15.23%		14.34%		14.72%		14.32%		16.68%		16.50%		16.96%		17.20%		17.54%		18.69%
2004		13.43%		14.41%		15.30%		14.36%		14.71%		14.37%		16.64%		16.56%		17.14%		17.47%		18.00%		19.19%
Prior to 2004		13.42%		14.38%		15.29%		14.28%		14.73%		14.31%		16.67%		16.67%		17.21%		17.74%		18.17%		19.72%
Total		13.58%		14.56%		15.47%		14.56%		15.05%		14.54%		16.72%		16.54%		17.08%		17.56%		18.04%		19.44%

A-III-7

	2009
Receivables Principal Payment Rate (1)	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09
2009									28.77%	31.97%	30.74%	33.35%
2008				34.73%	39.49%	23.97%	21.52%	19.92%	20.09%	20.47%	19.46%	21.61%
2007	20.02%	18.51%	21.20%	19.67%	20.14%	19.54%	20.05%	19.51%	19.33%	19.53%	18.56%	20.50%
2006	15.00%	14.16%	16.38%	14.89%	15.69%	15.19%	15.93%	15.48%	15.46%	15.64%	14.95%	16.54%
2005	14.95%	14.07%	16.35%	14.93%	15.69%	15.20%	16.05%	15.60%	15.62%	15.84%	15.18%	16.83%
2004	16.88%	15.62%	18.07%	16.52%	17.40%	16.95%	17.96%	17.51%	17.64%	17.88%	17.18%	19.07%
Prior to 2004	18.33%	16.54%	18.98%	17.52%	19.14%	18.46%	20.29%	20.44%	21.01%	20.37%	19.50%	20.85%
Total	17.49%	16.01%	18.43%	17.16%	18.70%	17.99%	19.22%	19.01%	19.37%	19.35%	18.57%	20.19%
Percentage of Total Accounts making Minimum Payment (1)	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09
2009									3.06%	3.05%	3.09%	3.42%
2008				2.88%	3.38%	6.97%	4.49%	4.61%	4.77%	4.95%	4.88%	5.24%
2007	4.60%	4.57%	5.46%	4.37%	4.52%	6.90%	4.70%	4.73%	5.02%	5.22%	5.22%	5.64%
2006	5.39%	5.42%	6.74%	5.51%	5.83%	8.22%	6.00%	5.87%	6.20%	6.43%	6.35%	6.83%
2005	4.94%	5.14%	6.56%	5.34%	5.61%	7.85%	5.78%	5.64%	6.13%	6.32%	6.19%	6.60%
2004	4.65%	4.85%	6.15%	5.11%	5.37%	7.45%	5.50%	5.38%	5.90%	6.05%	5.91%	6.29%
Prior to 2004	3.59%	3.92%	4.91%	3.99%	4.39%	6.09%	4.50%	4.40%	5.09%	5.28%	5.12%	5.44%
Total	4.21%	4.45%	5.56%	4.48%	4.81%	6.83%	4.93%	4.86%	5.31%	5.46%	5.35%	5.71%
Percentage of Total Accounts making Full Payment (1)	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09
2009									29.42%	27.66%	26.75%	26.15%
2008				34.96%	34.57%	24.35%	22.13%	21.95%	21.87%	21.67%	21.60%	21.57%
2007	20.14%	20.27%	18.93%	21.02%	20.59%	20.03%	19.81%	19.44%	19.73%	19.63%	19.65%	19.60%
2006	15.62%	15.93%	15.83%	17.28%	17.39%	16.99%	16.90%	16.66%	16.88%	16.76%	16.74%	16.70%
2005	14.89%	15.56%	16.12%	17.53%	17.78%	17.55%	17.44%	17.20%	17.83%	17.71%	17.72%	17.66%
2004	16.23%	16.95%	18.26%	19.31%	19.64%	19.37%	19.27%	19.09%	19.78%	19.62%	19.60%	19.55%
Prior to 2004	20.58%	22.10%	22.88%	24.23%	25.92%	25.85%	25.85%	25.81%	26.94%	26.81%	26.98%	26.94%
Total	18.70%	19.68%	20.16%	21.92%	22.71%	22.39%	22.13%	21.97%	22.75%	22.64%	22.74%	22.66%

(1) Based on the Pool Balance, which includes the outstanding principal amount of the First USA collateral certificate, the Chase collateral certificate and the outstanding amount of principal receivables in the issuing entity, as applicable.

A-III-8

Chase Issuance Trust Portfolio

Static Pool Data

(dollars in thousands)

	2008
Principal Receivables Outstanding (1)	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007										$     738,684		$     733,378		$     722,906		$  3,036,006		$  4,787,777		$  4,684,510		$  7,134,434		$  7,206,562
2006		$  8,099,738		$  7,749,647		$  7,470,106		$  8,382,848		9,937,339		9,976,345		9,959,222		10,327,459		10,617,840		10,497,372		10,496,247		10,639,403
2005		9,885,277		9,661,267		9,474,567		9,462,377		9,413,569		9,511,874		9,564,647		9,751,623		9,818,546		9,725,267		9,742,696		9,865,289
2004		8,062,766		7,881,410		7,737,732		7,769,302		7,744,486		7,839,020		7,867,258		7,984,496		7,988,554		7,901,544		7,906,216		8,010,950
2003		4,742,929		4,521,491		4,481,731		4,609,483		4,827,059		4,893,829		4,872,505		5,234,121		5,291,569		5,245,605		5,082,939		4,981,548
Prior to 2003		40,174,119		37,893,775		37,690,755		38,768,869		41,313,084		41,561,216		40,923,465		44,575,406		45,155,854		44,776,532		42,459,707		40,693,396
Total		$70,964,829		$67,707,590		$66,854,891		$68,992,879		$73,974,221		$74,515,662		$73,910,003		$80,909,111		$83,660,140		$82,830,830		$82,822,239		$81,397,148
Total Receivables Outstanding (1)	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007										$     752,895		$     749,281		$     739,726		$  3,100,064		$  4,892,427		$  4,794,335		$  7,300,025		$  7,380,194
2006		$  8,285,967		$  7,946,621		$  7,665,709		$  8,610,166		10,200,840		10,251,849		10,240,125		10,626,760		10,941,444		10,823,396		10,836,868		10,984,802
2005		10,196,164		9,976,053		9,780,195		9,775,964		9,725,854		9,831,249		9,885,217		10,080,896		10,161,095		10,066,587		10,094,497		10,218,791
2004		8,350,621		8,172,119		8,020,198		8,057,372		8,031,480		8,130,928		8,158,540		8,280,899		8,293,395		8,204,450		8,216,970		8,322,179
2003		4,795,632		4,591,970		4,549,432		4,682,545		4,917,425		4,986,642		4,966,244		5,338,597		5,401,462		5,354,971		5,198,632		5,100,532
Prior to 2003		40,895,518		38,805,362		38,592,043		39,728,086		42,538,764		42,807,014		42,172,439		45,984,719		46,607,205		46,225,566		43,934,247		42,167,947
Total		$72,523,902		$69,492,125		$68,607,577		$70,854,133		$76,167,258		$76,756,963		$76,162,291		$83,411,935		$86,297,028		$85,469,305		$85,581,239		$84,174,445
Net Losses as a percentage of Principal Receivables Outstanding (1)	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007										1.30%		1.80%		1.34%		2.47%		1.79%		1.76%		3.24%		3.77%
2006		1.87%		2.03%		4.25%		4.90%		4.97%		5.27%		5.07%		6.46%		6.16%		5.81%		6.93%		7.29%
2005		4.05%		4.85%		5.27%		5.49%		5.64%		5.94%		5.41%		5.99%		5.54%		5.33%		6.02%		6.16%
2004		3.23%		4.31%		4.81%		5.34%		5.24%		5.44%		5.23%		5.56%		5.28%		5.15%		5.66%		5.98%
2003		3.19%		3.54%		3.90%		3.84%		4.21%		4.22%		4.13%		4.56%		4.30%		3.99%		4.87%		5.03%
Prior to 2003		3.73%		3.35%		3.63%		3.72%		3.95%		4.12%		3.84%		4.47%		4.07%		3.88%		4.60%		4.80%
Total		3.49%		3.52%		4.09%		4.30%		4.43%		4.63%		4.34%		4.98%		4.55%		4.30%		5.05%		5.32%
Percentage of Total Receivables Delinquent 30+ Days (1)	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007										2.43%		2.98%		3.64%		2.77%		2.89%		3.70%		3.82%		4.39%
2006		3.01%		3.55%		3.87%		3.76%		3.63%		3.78%		4.02%		4.10%		4.30%		4.64%		4.99%		5.25%
2005		3.62%		3.67%		3.69%		3.66%		3.61%		3.52%		3.52%		3.55%		3.70%		3.95%		4.23%		4.45%
2004		3.38%		3.48%		3.52%		3.46%		3.41%		3.34%		3.32%		3.37%		3.51%		3.73%		4.01%		4.19%
2003		2.92%		2.93%		2.99%		2.96%		2.77%		2.78%		2.83%		2.77%		2.90%		3.15%		3.39%		3.57%
Prior to 2003		2.95%		2.89%		2.98%		2.97%		2.76%		2.75%		2.78%		2.70%		2.80%		3.01%		3.24%		3.41%
Total		3.10%		3.15%		3.25%		3.22%		3.05%		3.05%		3.11%		3.04%		3.18%		3.43%		3.71%		3.95%
Yield from Finance Charges, Fees, and Interchange (1)	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007										14.29%		16.06%		16.24%		15.71%		15.94%		16.75%		14.98%		16.06%
2006		15.22%		15.27%		15.59%		15.21%		15.78%		15.97%		15.74%		15.36%		15.24%		15.82%		14.64%		15.39%
2005		16.77%		17.32%		17.08%		16.17%		16.21%		16.34%		16.20%		15.67%		15.35%		15.71%		14.48%		15.14%
2004		17.18%		17.65%		17.39%		16.44%		16.48%		16.65%		16.45%		15.85%		15.42%		15.74%		14.55%		15.24%
2003		16.96%		17.61%		17.40%		16.21%		16.32%		16.36%		16.11%		15.54%		15.13%		15.59%		14.40%		15.11%
Prior to 2003		16.60%		17.01%		17.01%		15.82%		15.97%		16.04%		15.87%		15.36%		14.93%		15.42%		14.18%		14.93%
Total		16.57%		16.97%		16.93%		15.89%		16.04%		16.16%		15.97%		15.47%		15.12%		15.62%		14.39%		15.15%
Receivables Principal Payment Rate (1)	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007										19.80%		20.39%		20.38%		21.91%		21.52%		23.39%		19.10%		20.72%
2006		18.32%		17.74%		18.60%		16.70%		17.33%		16.76%		16.74%		16.33%		15.78%		16.75%		14.37%		15.38%
2005		18.17%		17.04%		18.25%		17.26%		17.92%		17.41%		17.59%		16.73%		15.90%		16.51%		14.20%		15.32%
2004		20.49%		18.94%		20.25%		19.11%		20.02%		19.49%		19.86%		18.75%		17.81%		18.33%		15.84%		17.18%
2003		23.96%		21.82%		23.38%		21.82%		23.10%		22.52%		22.79%		21.65%		20.62%		21.39%		18.50%		21.00%
Prior to 2003		20.37%		18.18%		19.61%		18.46%		19.63%		19.30%		19.71%		18.88%		17.98%		19.12%		16.52%		18.99%
Total		20.10%		18.31%		19.63%		18.38%		19.39%		18.96%		19.27%		18.53%		17.75%		18.83%		16.26%		18.20%

A-III-9

Percentage of Total Accounts making Minimum Payment (1)	2008
	Jan-08	Feb-08	Mar-08	Apr-08	May-08	Jun-08	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08
2007					4.51%	4.47%	4.56%	4.25%	4.20%	4.51%	4.54%	5.02%
2006	5.64%	5.37%	5.32%	5.01%	4.91%	4.86%	5.06%	4.98%	5.01%	5.24%	5.05%	5.66%
2005	4.53%	4.45%	4.45%	4.23%	4.36%	4.34%	4.55%	4.49%	4.55%	4.76%	4.56%	5.11%
2004	4.20%	4.13%	4.13%	3.91%	4.05%	4.02%	4.21%	4.12%	4.19%	4.42%	4.18%	4.69%
2003	3.51%	3.47%	3.54%	3.30%	3.44%	3.40%	3.60%	3.50%	3.58%	3.80%	3.55%	4.02%
Prior to 2003	3.15%	3.14%	3.21%	2.98%	3.13%	3.08%	3.20%	3.10%	3.13%	3.33%	3.10%	3.46%
Total	3.71%	3.67%	3.75%	3.52%	3.65%	3.62%	3.78%	3.69%	3.74%	3.95%	3.77%	4.23%
Percentage of Total Accounts making Full Payment (1)	Jan-08	Feb-08	Mar-08	Apr-08	May-08	Jun-08	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08
2007					19.37%	18.70%	18.01%	20.64%	21.56%	20.98%	20.33%	20.09%
2006	16.30%	16.55%	16.68%	16.26%	16.21%	15.70%	15.21%	15.51%	15.86%	15.51%	15.29%	15.28%
2005	15.52%	15.51%	15.53%	15.54%	15.49%	15.18%	14.95%	14.91%	14.88%	14.53%	14.39%	14.41%
2004	16.41%	16.38%	16.38%	16.50%	16.46%	16.19%	15.94%	15.86%	15.74%	15.43%	15.34%	15.34%
2003	18.19%	18.31%	18.40%	18.55%	18.64%	18.44%	18.16%	18.21%	18.21%	17.86%	17.79%	17.87%
Prior to 2003	18.78%	18.80%	18.81%	18.87%	19.07%	18.95%	18.79%	18.96%	19.07%	18.75%	18.66%	18.88%
Total	17.81%	17.83%	17.77%	17.79%	17.94%	17.68%	17.44%	17.72%	17.93%	17.58%	17.53%	17.60%

(1) Based on the Pool Balance, which includes the outstanding principal amount of the First USA collateral certificate, the Chase collateral certificate and the outstanding amount of principal receivables in the issuing entity, as applicable.

A-III-10

Chase Issuance Trust Portfolio

Static Pool Data

(dollars in thousands)

	2007
Principal Receivables Outstanding (1)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006												$  1,485,802		$  1,469,148		$  1,465,431		$  1,446,430		$  1,436,683		$  5,596,032		$  7,124,332
2005		$  4,521,357		$  5,261,514		$  7,565,493		$  7,498,936		$  7,433,780		9,189,190		9,106,077		9,067,528		8,954,565		9,866,988		9,914,591		10,100,337
2004		6,113,639		5,976,210		5,802,203		5,771,680		5,725,091		5,691,852		5,652,316		5,633,131		5,555,772		8,008,513		8,078,446		8,259,143
2003		3,687,744		3,657,527		3,612,517		3,793,936		3,808,187		3,827,280		3,838,868		3,868,879		3,848,465		4,620,173		4,672,480		4,754,822
2002		3,594,648		3,574,316		3,554,742		3,759,702		3,763,776		3,783,401		3,790,319		3,815,811		3,815,365		3,852,525		3,866,827		3,894,335
Prior to 2002		33,590,038		33,491,533		33,356,978		35,024,707		34,979,690		35,595,974		35,521,777		35,467,574		35,370,544		35,837,578		35,887,141		36,043,617
Total		$51,507,426		$51,961,100		$53,891,933		$55,848,961		$55,710,524		$59,573,499		$59,378,505		$59,318,354		$58,991,141		$63,622,460		$68,015,517		$70,176,586
Total Receivables Outstanding (1)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006												$  1,515,740		$  1,500,790		$  1,499,437		$  1,483,688		$  1,475,102		$  5,730,038		$  7,282,976
2005		$  4,627,839		$  5,396,189		$  7,745,942		$  7,691,663		$  7,631,529		9,442,165		9,363,095		9,334,530		9,235,354		10,195,935		10,229,106		10,405,289
2004		6,295,351		6,164,103		5,980,720		5,954,739		5,907,765		5,879,776		5,839,340		5,823,555		5,752,344		8,320,133		8,373,067		8,542,231
2003		3,686,653		3,656,770		3,608,961		3,788,823		3,801,929		3,820,940		3,831,569		3,862,505		3,842,792		4,651,539		4,700,734		4,781,308
2002		3,581,883		3,561,033		3,539,741		3,742,579		3,745,866		3,765,973		3,771,984		3,798,081		3,797,568		3,839,477		3,852,255		3,878,679
Prior to 2002		33,921,288		33,834,224		33,692,533		35,372,044		35,329,633		35,982,798		35,911,754		35,861,062		35,772,473		36,279,249		36,314,673		36,462,027
Total		$52,113,014		$52,612,319		$54,567,897		$56,549,848		$56,416,722		$60,407,392		$60,218,532		$60,179,170		$59,884,219		$64,761,435		$69,199,873		$71,352,510
Net Losses as a percentage of Principal Receivables Outstanding (1)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006												6.30%		0.72%		1.31%		1.29%		2.86%		1.52%		1.79%
2005		2.36%		2.60%		3.13%		2.37%		2.47%		2.86%		2.94%		3.19%		3.36%		3.52%		3.96%		4.58%
2004		3.56%		3.40%		3.61%		3.70%		3.57%		3.62%		3.56%		3.46%		3.53%		2.93%		3.02%		3.52%
2003		2.93%		3.07%		3.12%		3.40%		3.03%		3.29%		3.26%		3.14%		3.13%		2.67%		3.11%		3.40%
2002		3.76%		3.97%		3.82%		3.94%		3.81%		3.92%		3.75%		3.79%		3.65%		3.42%		4.14%		4.19%
Prior to 2002		3.61%		3.67%		3.72%		3.89%		3.58%		3.68%		3.64%		3.62%		3.57%		3.35%		3.76%		3.91%
Total		3.45%		3.52%		3.61%		3.63%		3.41%		3.56%		3.43%		3.46%		3.46%		3.28%		3.55%		3.75%
Percentage of Total Receivables Delinquent 30+ Days (1)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006												1.48%		1.98%		2.40%		2.90%		3.20%		2.48%		2.68%
2005		2.48%		2.47%		2.20%		2.32%		2.42%		2.46%		2.66%		2.84%		3.10%		3.17%		3.35%		3.42%
2004		2.82%		2.84%		2.75%		2.66%		2.56%		2.61%		2.68%		2.74%		2.91%		2.71%		2.98%		3.11%
2003		2.56%		2.56%		2.53%		2.44%		2.35%		2.40%		2.44%		2.46%		2.63%		2.66%		2.82%		2.89%
2002		3.02%		2.97%		2.93%		2.83%		2.73%		2.78%		2.86%		2.84%		2.97%		3.15%		3.23%		3.24%
Prior to 2002		3.00%		2.98%		2.92%		2.82%		2.73%		2.75%		2.76%		2.71%		2.84%		2.97%		3.08%		3.09%
Total		2.91%		2.88%		2.77%		2.70%		2.64%		2.63%		2.71%		2.72%		2.88%		2.96%		3.05%		3.09%
Yield from Finance Charges, Fees, and Interchange (1), (2)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006												10.78%		19.09%		18.98%		18.12%		18.58%		18.04%		16.84%
2005		15.46%		16.58%		17.23%		16.37%		16.90%		16.44%		17.65%		17.36%		16.75%		17.06%		20.37%		18.99%
2004		16.69%		17.78%		18.78%		18.01%		18.43%		18.13%		19.05%		18.64%		17.91%		17.61%		21.70%		20.01%
2003		17.11%		18.05%		19.03%		17.89%		18.14%		17.70%		18.55%		18.07%		17.37%		17.52%		21.13%		19.36%
2002		16.59%		17.33%		18.34%		17.07%		17.43%		17.01%		18.01%		17.38%		16.79%		17.15%		21.24%		19.38%
Prior to 2002		16.03%		16.62%		17.81%		16.67%		16.96%		16.58%		17.51%		17.13%		16.57%		16.82%		21.10%		19.24%
Total		16.18%		16.91%		17.98%		16.88%		17.21%		16.80%		17.81%		17.43%		16.83%		17.06%		20.91%		19.09%
Receivables Principal Payment Rate (1)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006												16.85%		29.33%		28.41%		25.73%		26.55%		18.67%		17.85%
2005		21.68%		19.18%		20.90%		18.94%		19.71%		18.45%		19.93%		19.64%		17.96%		18.57%		16.93%		17.48%
2004		23.93%		21.10%		24.62%		23.02%		24.34%		23.16%		24.48%		24.20%		22.23%		21.50%		18.82%		19.62%
2003		28.24%		24.47%		28.45%		26.42%		28.12%		26.62%		28.38%		27.58%		25.28%		24.95%		21.97%		23.15%
2002		23.69%		20.52%		23.80%		22.14%		23.50%		22.47%		23.91%		23.17%		21.10%		21.93%		20.20%		21.33%
Prior to 2002		20.48%		17.39%		20.38%		19.04%		20.28%		19.45%		20.69%		20.29%		18.78%		19.62%		18.16%		19.33%
Total		21.79%		18.71%		21.72%		20.14%		21.37%		20.37%		21.85%		21.42%		19.73%		20.33%		18.47%		19.33%

A-III-11

Percentage of Total Accounts making Minimum Payment (1)	2007
	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	Jul-07	Aug-07	Sep-07	Oct-07	Nov-07	Dec-07
2006						4.31%	4.59%	4.44%	4.29%	4.53%	5.35%	5.87%
2005	4.84%	4.83%	5.53%	4.59%	4.69%	4.41%	4.70%	4.45%	4.35%	4.60%	4.45%	4.70%
2004	4.24%	4.10%	4.59%	3.94%	4.05%	3.94%	4.21%	3.98%	3.88%	4.32%	4.14%	4.37%
2003	3.39%	3.39%	3.78%	3.29%	3.43%	3.32%	3.54%	3.38%	3.32%	3.59%	3.44%	3.62%
2002	3.43%	3.41%	3.89%	3.34%	3.46%	3.31%	3.57%	3.40%	3.32%	3.54%	3.37%	3.55%
Prior to 2002	3.19%	3.16%	3.59%	3.08%	3.18%	3.06%	3.26%	3.08%	3.03%	3.19%	3.06%	3.21%
Total	3.50%	3.48%	4.02%	3.42%	3.52%	3.43%	3.65%	3.45%	3.39%	3.64%	3.62%	3.88%
Percentage of Total Accounts making Full Payment (1)	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	Jul-07	Aug-07	Sep-07	Oct-07	Nov-07	Dec-07
2006						24.31%	23.93%	23.22%	22.65%	22.27%	17.85%	16.77%
2005	17.65%	17.08%	16.24%	17.28%	17.00%	16.95%	16.61%	16.44%	16.21%	15.86%	15.68%	15.40%
2004	18.84%	19.04%	18.59%	19.65%	19.64%	19.18%	18.90%	18.84%	18.59%	16.96%	16.75%	16.45%
2003	21.09%	21.47%	21.34%	22.09%	22.13%	21.74%	21.47%	21.12%	20.90%	18.69%	18.54%	18.35%
2002	17.10%	17.63%	17.40%	18.08%	18.16%	17.82%	17.59%	17.26%	17.07%	16.69%	16.53%	16.37%
Prior to 2002	19.37%	19.55%	19.14%	19.82%	20.07%	19.66%	19.52%	19.44%	19.32%	19.22%	19.06%	18.98%
Total	19.12%	19.24%	18.70%	19.49%	19.61%	19.30%	19.10%	18.97%	18.79%	18.26%	18.00%	17.72%

(1) Based on the Pool Balance, which includes the outstanding principal amount of the First USA collateral certificate, the Chase collateral certificate and the outstanding amount of principal receivables in the issuing entity, as applicable.

(2) Yield reflects a change in payment allocation in November 2007 between certain fees and account balances. This change resulted in a one-time increase in cash yield which was realized in the months of November and December.

A-III-12

First USA Master Trust Portfolio

Static Pool Data

(dollars in thousands)

	2012
Principal Receivables Outstanding	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	$1,373,683	$1,337,648	$1,318,380
Total	$1,373,683	$1,337,648	$1,318,380
Total Receivables Outstanding	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	$1,445,811	$1,409,082	$1,387,329
Total	$1,445,811	$1,409,082	$1,387,329
Net Losses as a percentage of Principal Receivables Outstanding	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	4.31%	3.98%	3.96%
Total	4.31%	3.98%	3.96%
Percentage of Total Receivables Delinquent 30+ Days	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	2.38%	2.33%	2.27%
Total	2.38%	2.33%	2.27%
Yield from Finance Charges, Fees, and Interchange	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	15.57%	16.66%	16.57%
Total	15.57%	16.66%	16.57%
Receivables Principal Payment Rate	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	25.45%	23.62%	24.77%
Total	25.45%	23.62%	24.77%

A-III-13

	2012
Percentage of Total Accounts making Minimum Payment	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	3.87%	3.80%	3.72%
Total	3.87%	3.80%	3.72%
Percentage of Total Accounts making Full Payment	Jan-12	Feb-12	Mar-12
2011
2010
2009
2008
2007
Prior to 2007	22.07%	21.96%	21.93%
Total	22.07%	21.96%	21.93%

A-III-14

First USA Master Trust Portfolio

Static Pool Data

(dollars in thousands)

	2011
Principal Receivables Outstanding	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009
2008
2007
2006
Prior to 2006		$1,475,434		$1,428,331		$1,403,898		$1,397,124		$1,394,764		$1,390,802		$1,391,254		$1,404,369		$1,385,901		$1,379,341		$1,388,304		$1,419,875
Total		$1,475,434		$1,428,331		$1,403,898		$1,397,124		$1,394,764		$1,390,802		$1,391,254		$1,404,369		$1,385,901		$1,379,341		$1,388,304		$1,419,875
Total Receivables Outstanding	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009
2008
2007
2006
Prior to 2006		$1,566,297		$1,517,722		$1,488,983		$1,481,131		$1,476,731		$1,471,312		$1,469,883		$1,482,133		$1,462,271		$1,454,379		$1,462,584		$1,492,881
Total		$1,566,297		$1,517,722		$1,488,983		$1,481,131		$1,476,731		$1,471,312		$1,469,883		$1,482,133		$1,462,271		$1,454,379		$1,462,584		$1,492,881
Net Losses as a percentage of Principal Receivables Outstanding	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009
2008
2007
2006
Prior to 2006		6.17%		6.65%		5.92%		5.82%		5.68%		4.90%		4.86%		4.59%		4.04%		4.04%		3.92%		4.06%
Total		6.17%		6.65%		5.92%		5.82%		5.68%		4.90%		4.86%		4.59%		4.04%		4.04%		3.92%		4.06%
Percentage of Total Receivables Delinquent 30+ Days	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009
2008
2007
2006
Prior to 2006		3.44%		3.33%		3.11%		2.91%		2.66%		2.56%		2.44%		2.36%		2.41%		2.39%		2.42%		2.34%
Total		3.44%		3.33%		3.11%		2.91%		2.66%		2.56%		2.44%		2.36%		2.41%		2.39%		2.42%		2.34%
Yield from Finance Charges, Fees, and Interchange	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009
2008
2007
2006
Prior to 2006		15.63%		17.29%		17.49%		15.94%		16.82%		17.01%		16.48%		15.94%		16.58%		16.05%		15.91%		15.73%
Total		15.63%		17.29%		17.49%		15.94%		16.82%		17.01%		16.48%		15.94%		16.58%		16.05%		15.91%		15.73%
Receivables Principal Payment Rate	Jan-11		Feb-11		Mar-11		Apr-11		May-11		Jun-11		Jul-11		Aug-11		Sep-11		Oct-11		Nov-11		Dec-11
2010
2009
2008
2007
2006
Prior to 2006		23.43%		21.46%		24.12%		22.01%		24.45%		24.09%		24.41%		23.95%		23.90%		23.47%		22.64%		23.76%
Total		23.43%		21.46%		24.12%		22.01%		24.45%		24.09%		24.41%		23.95%		23.90%		23.47%		22.64%		23.76%

A-III-15

Percentage of Total Accounts making Minimum Payment	2011
	Jan-11	Feb-11	Mar-11	Apr-11	May-11	Jun-11	Jul-11	Aug-11	Sep-11	Oct-11	Nov-11	Dec-11
2010
2009
2008
2007
2006
Prior to 2006	4.02%	4.06%	4.17%	3.80%	3.94%	3.85%	3.89%	3.80%	3.90%	3.81%	3.84%	4.06%
Total	4.02%	4.06%	4.17%	3.80%	3.94%	3.85%	3.89%	3.80%	3.90%	3.81%	3.84%	4.06%
Percentage of Total Accounts making Full Payment	Jan-11	Feb-11	Mar-11	Apr-11	May-11	Jun-11	Jul-11	Aug-11	Sep-11	Oct-11	Nov-11	Dec-11
2010
2009
2008
2007
2006
Prior to 2006	22.91%	22.80%	22.37%	22.93%	22.93%	22.77%	22.50%	22.50%	22.33%	22.04%	22.09%	22.02%
Total	22.91%	22.80%	22.37%	22.93%	22.93%	22.77%	22.50%	22.50%	22.33%	22.04%	22.09%	22.02%

A-III-16

First USA Master Trust Portfolio

Static Pool Data

(dollars in thousands)

	2010
Principal Receivables Outstanding	Jan-10			Feb-10		Mar-10		Apr-10		May-10		Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009
2008
2007
2006
2005
Prior to 2005		$3,748,905			$3,637,508		$1,732,491		$1,709,501		$1,682,264		$1,651,658		$1,614,535		$1,599,805		$1,553,798		$1,524,986		$1,520,582		$1,540,596
Total		$3,748,905			$3,637,508		$1,732,491		$1,709,501		$1,682,264		$1,651,658		$1,614,535		$1,599,805		$1,553,798		$1,524,986		$1,520,582		$1,540,596
Total Receivables Outstanding	Jan-10			Feb-10		Mar-10		Apr-10		May-10		Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009
2008
2007
2006
2005
Prior to 2005		$4,009,267			$3,894,175		$1,849,974		$1,823,425		$1,792,553		$1,759,638		$1,719,762		$1,702,304		$1,653,836		$1,621,999		$1,615,983		$1,632,957
Total		$4,009,267			$3,894,175		$1,849,974		$1,823,425		$1,792,553		$1,759,638		$1,719,762		$1,702,304		$1,653,836		$1,621,999		$1,615,983		$1,632,957
Net Losses as a percentage of Principal Receivables Outstanding	Jan-10			Feb-10		Mar-10		Apr-10		May-10		Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009
2008
2007
2006
2005
Prior to 2005		11.16%			9.14%		8.00%		9.40%		9.00%		8.12%		7.88%		8.57%		7.86%		7.50%		7.14%		6.52%
Total		11.16%			9.14%		8.00%		9.40%		9.00%		8.12%		7.88%		8.57%		7.86%		7.50%		7.14%		6.52%
Percentage of Total Receivables Delinquent 30+ Days	Jan-10			Feb-10		Mar-10		Apr-10		May-10		Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009
2008
2007
2006
2005
Prior to 2005		4.79%			4.70%		4.52%		4.38%		4.19%		4.13%		4.06%		3.90%		3.89%		3.81%		3.66%		3.48%
Total		4.79%			4.70%		4.52%		4.38%		4.19%		4.13%		4.06%		3.90%		3.89%		3.81%		3.66%		3.48%
Yield from Finance Charges, Fees, and Interchange	Jan-10			Feb-10		Mar-10		Apr-10		May-10		Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009
2008
2007
2006
2005			��
Prior to 2005		14.28%			16.49%		19.09%		16.32%		16.07%		16.11%		15.93%		16.14%		16.30%		16.26%		15.97%		16.64%
Total		14.28%			16.49%		19.09%		16.32%		16.07%		16.11%		15.93%		16.14%		16.30%		16.26%		15.97%		16.64%
Receivables Principal Payment Rate	Jan-10			Feb-10		Mar-10		Apr-10		May-10		Jun-10		Jul-10		Aug-10		Sep-10		Oct-10		Nov-10		Dec-10
2009
2008
2007
2006
2005
Prior to 2005		19.38%			16.99%		20.31%		18.78%		20.17%		20.26%		20.88%		21.27%		21.39%		21.46%		20.59%		22.83%
Total		19.38%			16.99%		20.31%		18.78%		20.17%		20.26%		20.88%		21.27%		21.39%		21.46%		20.59%		22.83%

A-III-17

Percentage of Total Accounts making Minimum Payment	2010
	Jan-10	Feb-10	Mar-10	Apr-10	May-10	Jun-10	Jul-10	Aug-10	Sep-10	Oct-10	Nov-10	Dec-10
2009
2008
2007
2006
2005
Prior to 2005	4.55%	4.55%	4.70%	4.23%	4.18%	4.27%	4.33%	4.26%	4.24%	4.21%	4.12%	4.33%
Total	4.55%	4.55%	4.70%	4.23%	4.18%	4.27%	4.33%	4.26%	4.24%	4.21%	4.12%	4.33%
Percentage of Total Accounts making Full Payment	Jan-10	Feb-10	Mar-10	Apr-10	May-10	Jun-10	Jul-10	Aug-10	Sep-10	Oct-10	Nov-10	Dec-10
2009
2008
2007
2006
2005
Prior to 2005	23.00%	22.86%	22.52%	22.90%	23.12%	23.28%	23.16%	23.11%	23.16%	22.98%	23.00%	22.97%
Total	23.00%	22.86%	22.52%	22.90%	23.12%	23.28%	23.16%	23.11%	23.16%	22.98%	23.00%	22.97%

A-III-18

First USA Master Trust Portfolio

Static Pool Data

(dollars in thousands)

	2009
Principal Receivables Outstanding	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009
2008
2007
2006
2005
2004		$       29,449		$       15,977		$       15,817		$       16,200		$     10,440		$     10,550		$     10,511		$     10,428		$     10,127		$       9,990		$       7,029		$       7,107
Prior to 2004		18,799,790		10,360,476		10,103,856		10,049,455		6,238,759		6,202,840		6,108,538		6,037,822		5,881,709		5,739,535		3,892,199		3,907,452
Total		$18,829,239		$10,376,453		$10,119,673		$10,065,655		$6,249,199		$6,213,390		$6,119,049		$6,048,250		$5,891,836		$5,749,525		$3,899,228		$3,914,559
Total Receivables Outstanding	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009
2008
2007
2006
2005
2004		$       30,301		$       16,481		$       16,350		$       16,755		$     10,767		$     10,882		$     10,842		$     10,768		$     10,450		$     10,319		$       7,278		$       7,348
Prior to 2004		19,893,701		10,986,398		10,716,400		10,671,631		6,629,577		6,598,252		6,499,255		6,428,009		6,271,968		6,126,413		4,156,573		4,169,955
Total		$19,924,002		$11,002,879		$10,732,750		$10,688,386		$6,640,344		$6,609,134		$6,510,097		$6,438,777		$6,282,418		$6,136,732		$4,163,851		$4,177,303
Net Losses as a percentage of Principal Receivables Outstanding	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009
2008
2007
2006
2005
2004		6.61%		3.62%		3.40%		5.36%		2.10%		6.22%		4.71%		2.67%		9.91%		3.28%		8.90%		5.59%
Prior to 2004		5.69%		5.79%		6.57%		7.68%		8.53%		8.91%		8.34%		9.41%		8.92%		8.47%		9.29%		7.43%
Total		5.69%		5.78%		6.57%		7.68%		8.52%		8.90%		8.33%		9.40%		8.92%		8.46%		9.29%		7.43%
Percentage of Total Receivables Delinquent 30+ Days	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009
2008
2007
2006
2005
2004		3.40%		3.56%		3.79%		3.87%		4.08%		3.92%		3.70%		3.88%		3.25%		4.13%		3.99%		3.77%
Prior to 2004		4.02%		4.31%		4.61%		4.72%		4.67%		4.56%		4.23%		4.49%		4.67%		4.99%		4.99%		5.00%
Total		4.01%		4.31%		4.61%		4.72%		4.67%		4.56%		4.23%		4.49%		4.67%		4.99%		4.99%		5.00%
Yield from Finance Charges, Fees, and Interchange	Jan-09		Feb-09		Mar-09		Apr-09		May-09		Jun-09		Jul-09		Aug-09		Sep-09		Oct-09		Nov-09		Dec-09
2009
2008
2007
2006
2005
2004		15.44%		16.48%		21.00%		22.28%		19.42%		15.06%		16.15%		15.26%		16.58%		15.42%		15.37%		15.79%
Prior to 2004		12.85%		14.20%		14.43%		13.05%		13.83%		12.78%		14.50%		13.89%		14.06%		14.21%		14.45%		14.83%
Total		12.86%		14.20%		14.44%		13.06%		13.84%		12.78%		14.50%		13.89%		14.06%		14.21%		14.46%		14.83%

A-III-19

	2009
Receivables Principal Payment Rate	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09
2009
2008
2007
2006
2005
2004	34.11%	31.93%	35.56%	31.97%	37.38%	32.65%	35.14%	33.37%	34.79%	33.54%	32.02%	36.31%
Prior to 2004	16.55%	15.47%	17.32%	15.54%	17.24%	16.15%	17.51%	17.23%	17.47%	17.83%	17.52%	18.89%
Total	16.58%	15.50%	17.34%	15.57%	17.27%	16.17%	17.54%	17.25%	17.50%	17.86%	17.55%	18.92%
Percentage of Total Accounts making Minimum Payment	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09
2009
2008
2007
2006
2005
2004	3.02%	3.20%	3.42%	3.44%	3.67%	5.77%	2.99%	2.98%	3.21%	3.27%	3.61%	3.61%
Prior to 2004	3.48%	3.77%	4.72%	3.82%	4.19%	5.62%	4.26%	4.13%	4.67%	4.83%	4.64%	4.93%
Total	3.48%	3.77%	4.71%	3.82%	4.19%	5.62%	4.26%	4.13%	4.67%	4.82%	4.64%	4.93%
Percentage of Total Accounts making Full Payment	Jan-09	Feb-09	Mar-09	Apr-09	May-09	Jun-09	Jul-09	Aug-09	Sep-09	Oct-09	Nov-09	Dec-09
2009
2008
2007
2006
2005
2004	32.81%	32.60%	31.15%	34.16%	34.16%	32.27%	31.81%	31.33%	32.17%	31.66%	32.41%	32.26%
Prior to 2004	18.43%	19.57%	20.27%	21.09%	22.50%	22.38%	22.37%	22.16%	23.41%	23.22%	23.15%	23.08%
Total	18.45%	19.58%	20.28%	21.11%	22.52%	22.39%	22.39%	22.17%	23.42%	23.23%	23.16%	23.10%

A-III-20

First USA Master Trust Portfolio

Static Pool Data

(dollars in thousands)

	2008
Principal Receivables Outstanding	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007
2006
2005
2004		$       55,364		$       46,475		$       46,010		$       46,641		$       36,298		$       36,839		$       36,328		$       31,280		$       31,164		$       30,332		$       30,264		$       30,655
2003		2,594,229		2,201,031		2,166,520		2,178,719		1,685,245		1,709,334		1,719,429		1,485,024		1,479,807		1,459,732		1,462,230		1,484,313
Prior to 2003		32,088,020		27,349,865		26,955,999		27,043,698		20,835,177		21,010,298		21,034,831		18,094,906		18,026,283		17,829,161		17,795,788		17,948,000
Total		$34,737,613		$29,597,371		$29,168,529		$29,269,058		$22,556,719		$22,756,471		$22,790,588		$19,611,210		$19,537,254		$19,319,225		$19,288,282		$19,462,968
Total Receivables Outstanding	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007
2006
2005
2004		$       56,677		$       47,649		$       47,274		$       47,937		$       37,203		$       37,756		$       37,235		$       32,078		$       32,003		$       31,153		$       31,112		$       31,509
2003		2,688,777		2,282,861		2,245,630		2,259,049		1,746,925		1,772,025		1,782,067		1,539,249		1,535,282		1,514,900		1,518,605		1,540,729
Prior to 2003		33,809,528		28,856,070		28,430,622		28,537,115		21,983,858		22,170,499		22,192,991		19,091,329		19,038,806		18,836,892		18,820,187		18,973,739
Total		$36,554,982		$31,186,580		$30,723,526		$30,844,100		$23,767,985		$23,980,280		$24,012,293		$20,662,656		$20,606,091		$20,382,945		$20,369,904		$20,545,977
Net Losses as a percentage of Principal Receivables Outstanding	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007
2006
2005
2004		3.16%		2.56%		4.02%		4.04%		2.43%		4.10%		1.98%		4.10%		1.96%		4.52%		1.67%		3.99%
2003		3.91%		4.27%		4.33%		4.62%		4.31%		4.49%		4.17%		4.74%		4.48%		4.37%		5.03%		5.09%
Prior to 2003		3.91%		4.20%		4.69%		4.71%		4.52%		4.91%		4.49%		4.97%		4.76%		4.44%		4.92%		5.29%
Total		3.91%		4.20%		4.66%		4.70%		4.50%		4.88%		4.46%		4.95%		4.73%		4.43%		4.93%		5.28%
Percentage of Total Receivables Delinquent 30+ Days	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007
2006
2005
2004		2.65%		2.61%		2.41%		2.32%		2.37%		1.92%		1.90%		2.14%		2.55%		2.72%		3.19%		3.29%
2003		3.09%		3.06%		3.05%		2.96%		2.90%		2.87%		2.90%		2.90%		3.01%		3.25%		3.41%		3.59%
Prior to 2003		3.26%		3.28%		3.26%		3.20%		3.12%		3.03%		3.01%		3.01%		3.08%		3.25%		3.48%		3.67%
Total		3.25%		3.26%		3.24%		3.18%		3.10%		3.02%		3.00%		3.00%		3.07%		3.25%		3.47%		3.67%
Yield from Finance Charges, Fees, and Interchange	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007
2006
2005
2004		19.51%		20.01%		23.30%		25.90%		22.61%		18.23%		18.28%		17.87%		17.01%		17.96%		16.40%		16.64%
2003		17.31%		17.85%		17.34%		15.90%		16.39%		15.85%		15.81%		15.23%		14.89%		15.33%		13.81%		14.23%
Prior to 2003		16.34%		16.66%		16.40%		15.06%		15.70%		15.22%		15.18%		14.70%		14.20%		14.75%		13.28%		13.65%
Total		16.42%		16.75%		16.48%		15.14%		15.76%		15.27%		15.23%		14.74%		14.26%		14.80%		13.32%		13.70%
Receivables Principal Payment Rate	Jan-08		Feb-08		Mar-08		Apr-08		May-08		Jun-08		Jul-08		Aug-08		Sep-08		Oct-08		Nov-08		Dec-08
2007
2006
2005
2004		43.16%		39.48%		40.52%		38.08%		40.91%		39.49%		40.84%		38.23%		36.13%		38.30%		32.88%		35.96%
2003		24.75%		22.60%		24.03%		22.38%		24.11%		23.08%		23.40%		22.44%		21.06%		21.95%		18.83%		20.39%
Prior to 2003		19.15%		17.12%		18.25%		17.02%		18.59%		17.86%		18.29%		17.44%		16.35%		17.14%		14.71%		15.88%
Total		19.61%		17.57%		18.71%		17.45%		19.04%		18.29%		18.71%		17.85%		16.74%		17.53%		15.05%		16.26%

A-III-21

Percentage of Total Accounts making Minimum Payment	2008
	Jan-08	Feb-08	Mar-08	Apr-08	May-08	Jun-08	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08
2007
2006
2005
2004	3.06%	2.82%	2.80%	3.51%	3.63%	3.45%	3.26%	2.98%	3.00%	3.09%	2.89%	3.26%
2003	3.33%	3.29%	3.37%	3.15%	3.26%	3.22%	3.38%	3.27%	3.35%	3.55%	3.32%	3.73%
Prior to 2003	3.09%	3.07%	3.14%	2.93%	3.05%	3.00%	3.12%	3.02%	3.06%	3.25%	3.03%	3.37%
Total	3.11%	3.09%	3.16%	2.95%	3.07%	3.02%	3.14%	3.04%	3.08%	3.28%	3.06%	3.40%
Percentage of Total Accounts making Full Payment	Jan-08	Feb-08	Mar-08	Apr-08	May-08	Jun-08	Jul-08	Aug-08	Sep-08	Oct-08	Nov-08	Dec-08
2007
2006
2005
2004	36.44%	35.93%	35.72%	36.84%	36.96%	35.45%	34.57%	34.23%	33.66%	33.22%	33.32%	32.61%
2003	17.89%	17.86%	17.81%	17.95%	17.96%	17.73%	17.50%	17.35%	17.22%	16.92%	16.87%	16.92%
Prior to 2003	17.72%	17.56%	17.41%	17.45%	17.57%	17.41%	17.29%	17.16%	17.06%	16.75%	16.68%	16.79%
Total	17.75%	17.60%	17.46%	17.51%	17.62%	17.46%	17.33%	17.19%	17.09%	16.78%	16.71%	16.81%

A-III-22

First USA Master Trust Portfolio

Static Pool Data

(dollars in thousands)

	2007
Principal Receivables Outstanding	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006
2005
2004		$       63,141		$       61,456		$       59,597		$       62,009		$       61,444		$       61,255		$       61,012		$       60,939		$       60,427		$       59,581		$       60,897		$       58,252
2003		2,802,273		2,752,061		2,673,344		2,665,211		2,650,753		2,633,576		2,611,369		2,871,350		2,835,345		2,795,606		2,821,380		2,673,199
2002		3,583,633		3,515,494		3,420,142		3,401,687		3,374,943		3,344,608		3,314,192		3,640,889		3,601,509		3,530,593		3,553,041		3,353,057
Prior to 2002		32,005,760		31,502,222		30,719,166		30,480,821		30,170,260		29,856,406		29,489,731		32,044,900		31,628,914		31,423,639		31,544,627		29,604,629
Total		$38,454,807		$37,831,233		$36,872,249		$36,609,728		$36,257,400		$35,895,845		$35,476,304		$38,618,078		$38,126,195		$37,809,419		$37,979,945		$35,689,137
Total Receivables Outstanding	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006
2005
2004		$       64,554		$       62,928		$       61,196		$       63,690		$       62,932		$       62,774		$       62,511		$       62,446		$       61,975		$       61,113		$       62,363		$       59,554
2003		2,899,088		2,851,799		2,768,335		2,762,119		2,747,271		2,732,230		2,709,742		2,982,550		2,949,748		2,909,704		2,928,301		2,767,465
2002		3,720,161		3,655,608		3,554,073		3,538,227		3,510,961		3,483,866		3,452,925		3,796,711		3,761,513		3,690,309		3,702,190		3,484,358
Prior to 2002		33,604,660		33,147,743		32,314,258		32,103,880		31,793,213		31,511,479		31,142,174		33,863,492		33,483,957		33,289,475		33,316,139		31,184,972
Total		$40,288,463		$39,718,078		$38,697,862		$38,467,916		$38,114,377		$37,790,349		$37,367,352		$40,705,199		$40,257,193		$39,950,601		$40,008,993		$37,496,349
Net Losses as a percentage of Principal Receivables Outstanding	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006
2005
2004		1.63%		2.12%		1.82%		2.87%		1.09%		1.56%		1.79%		1.46%		2.41%		1.44%		2.53%		1.96%
2003		3.20%		3.40%		3.37%		3.62%		3.25%		3.56%		3.52%		3.37%		3.28%		3.03%		3.75%		3.84%
2002		3.91%		4.07%		3.85%		4.03%		3.90%		4.00%		3.83%		3.76%		3.63%		3.42%		4.34%		4.26%
Prior to 2002		3.74%		3.81%		3.84%		4.05%		3.70%		3.79%		3.82%		3.75%		3.67%		3.42%		3.93%		4.10%
Total		3.71%		3.80%		3.80%		4.01%		3.68%		3.79%		3.80%		3.72%		3.63%		3.39%		3.95%		4.09%
Percentage of Total Receivables Delinquent 30+ Days	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006
2005
2004		1.77%		1.66%		1.73%		1.49%		1.55%		1.61%		1.70%		1.72%		2.00%		2.07%		2.29%		2.42%
2003		2.78%		2.76%		2.72%		2.61%		2.51%		2.56%		2.60%		2.60%		2.78%		2.91%		3.02%		3.01%
2002		3.11%		3.05%		3.00%		2.88%		2.76%		2.82%		2.89%		2.85%		2.98%		3.19%		3.24%		3.25%
Prior to 2002		3.10%		3.08%		3.01%		2.90%		2.80%		2.84%		2.84%		2.77%		2.89%		3.04%		3.15%		3.16%
Total		3.08%		3.05%		2.99%		2.88%		2.77%		2.82%		2.83%		2.77%		2.89%		3.04%		3.15%		3.16%
Yield from Finance Charges, Fees, and Interchange (1)	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006
2005
2004		19.74%		20.70%		25.25%		27.72%		23.96%		20.32%		20.73%		20.59%		20.06%		20.53%		21.59%		20.07%
2003		17.15%		17.85%		18.85%		17.48%		17.78%		17.32%		18.18%		17.67%		17.14%		17.54%		21.22%		19.34%
2002		16.54%		17.25%		18.26%		16.90%		17.25%		16.83%		17.81%		17.17%		16.60%		16.93%		20.99%		18.96%
Prior to 2002		15.78%		16.25%		17.47%		16.20%		16.48%		16.14%		17.04%		16.60%		16.14%		16.33%		20.75%		18.67%
Total		15.95%		16.46%		17.64%		16.38%		16.66%		16.30%		17.20%		16.74%		16.26%		16.49%		20.81%		18.75%
Receivables Principal Payment Rate	Jan-07		Feb-07		Mar-07		Apr-07		May-07		Jun-07		Jul-07		Aug-07		Sep-07		Oct-07		Nov-07		Dec-07
2006
2005
2004		45.06%		39.09%		44.82%		40.29%		45.40%		41.64%		44.28%		43.06%		39.73%		42.44%		37.93%		39.69%
2003		26.06%		22.42%		26.26%		24.36%		26.07%		24.67%		26.40%		25.24%		23.29%		24.09%		22.30%		23.38%
2002		23.17%		19.96%		23.40%		21.72%		23.19%		22.16%		23.59%		22.56%		20.59%		21.33%		19.48%		20.39%
Prior to 2002		19.01%		16.08%		19.06%		17.69%		18.86%		18.11%		19.34%		18.77%		17.46%		18.14%		16.66%		17.64%
Total		19.95%		16.94%		20.02%		18.59%		19.84%		19.01%		20.29%		19.65%		18.22%		18.92%		17.38%		18.37%

A-III-23

Percentage of Total Accounts making Minimum Payment	2007
	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	Jul-07	Aug-07	Sep-07	Oct-07	Nov-07	Dec-07
2006
2005
2004	2.87%	2.90%	3.22%	3.29%	3.64%	3.46%	3.01%	2.95%	2.67%	2.83%	2.80%	2.94%
2003	3.34%	3.34%	3.79%	3.26%	3.39%	3.27%	3.48%	3.32%	3.25%	3.45%	3.31%	3.50%
2002	3.38%	3.36%	3.84%	3.28%	3.38%	3.26%	3.51%	3.35%	3.26%	3.52%	3.34%	3.54%
Prior to 2002	3.19%	3.15%	3.58%	3.05%	3.15%	3.04%	3.23%	3.06%	3.01%	3.17%	3.04%	3.20%
Total	3.22%	3.19%	3.63%	3.09%	3.19%	3.08%	3.28%	3.11%	3.05%	3.23%	3.09%	3.26%
Percentage of Total Accounts making Full Payment	Jan-07	Feb-07	Mar-07	Apr-07	May-07	Jun-07	Jul-07	Aug-07	Sep-07	Oct-07	Nov-07	Dec-07
2006
2005
2004	38.74%	39.16%	37.71%	40.52%	41.11%	38.99%	38.08%	38.29%	38.08%	37.76%	37.74%	36.89%
2003	18.36%	18.84%	18.58%	19.53%	19.62%	19.25%	19.03%	18.66%	18.43%	18.22%	18.06%	17.83%
2002	16.54%	17.12%	16.90%	17.75%	17.84%	17.55%	17.35%	16.93%	16.74%	16.23%	16.06%	15.83%
Prior to 2002	18.14%	18.35%	17.95%	18.63%	18.88%	18.64%	18.53%	18.52%	18.36%	18.22%	18.07%	17.93%
Total	18.01%	18.29%	17.92%	18.63%	18.86%	18.61%	18.47%	18.39%	18.22%	18.04%	17.89%	17.73%

(1) Yield reflects a change in payment allocation in November 2007 between certain fees and account balances. This change resulted in a one-time increase in cash yield which was realized in the months of November and December.

A-III-24

CHASE ISSUANCE TRUST

Issuing Entity

CHASEseries

$1,500,000,000

Class A(2012-4) Notes

CHASE BANK USA, NATIONAL ASSOCIATION

Sponsor, Depositor, Originator, Administrator and Servicer

PROSPECTUS SUPPLEMENT

Underwriters

J.P. Morgan

Barclays

RBS

You should rely only on the information contained or incorporated by reference in this prospectus supplement and the accompanying prospectus. We have not authorized anyone to provide you with different information.

We are not offering the CHASEseries notes in any state where the offer is not permitted.

We do not claim the accuracy of the information in this prospectus supplement and the accompanying prospectus as of any date other than the dates stated on their respective covers.

Dealers will deliver a prospectus supplement and accompanying prospectus when acting as underwriters of the notes and with respect to their unsold allotments or subscriptions. In addition, all dealers selling the notes will deliver a prospectus supplement and accompanying prospectus until October 17, 2012.