Aug-2002 1998-A Page 1

Exhibit 99.7

MONTHLY STATEMENT TO CERTIFICATEHOLDERS

SERIES 1998-A

CC MASTER CREDIT CARD TRUST II

(Formerly Chevy Chase Master Credit Card Trust II)

RECEIVABLES
Beginning of the Month Principal Receivables:	$2,602,535,610.14
Beginning of the Month Finance Charge Receivables:	$134,564,716.92
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,737,100,327.06
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:	$2,600,198,200.61
End of the Month Finance Charge Receivables:	$133,319,799.76
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,733,518,000.37
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$1,307,400,000.00
End of the Month Transferor Amount	$1,292,798,200.61
End of the Month Transferor Percentage	49.72%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$61,702,423.03
60-89 Days Delinquent	$39,967,329.88
90+ Days Delinquent	$77,526,273.18
Total 30+ Days Delinquent	$179,196,026.09
Delinquent Percentage	6.56%
Defaulted Accounts During the Month	$15,679,363.95
Annualized Default Percentage	7.23%

Aug-2002 1998-A Page 2

Principal Collections	$291,621,307.65
Principal Payment Rate	11.21%
Total Payment Rate	12.05%
INVESTED AMOUNTS
Class A Initial Invested Amount	$370,500,000.00
Class B Initial Invested Amount	$57,000,000.00
Class C Initial Invested Amount	$47,500,000.00
INITIAL INVESTED AMOUNT	$475,000,000.00
Class A Invested Amount	$468,000,000.00
Class B Invested Amount	$72,000,000.00
Class C Invested Amount	$60,000,000.00
INVESTED AMOUNT	$600,000,000.00
Class A Adjusted Invested Amount	$468,000,000.00
Class B Adjusted Invested Amount	$72,000,000.00
Class C Adjusted Invested Amount	$60,000,000.00
ADJUSTED INVESTED AMOUNT	$600,000,000.00
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	23.05%
PRINCIPAL ALLOCATION PERCENTAGE	23.05%
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	$67,231,658.20
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$8,832,031.54
MONTHLY SERVICING FEE	$750,000.00
INVESTOR DEFAULT AMOUNT	$3,614,789.49

Aug-2002 1998-A Page 3

CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	78.00%
Class A Finance Charge Collections	$7,473,984.62
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$7,473,984.62
Class A Monthly Interest	$802,880.00
Class A Servicing Fee	$585,000.00
Class A Investor Default Amount	$2,819,535.80
TOTAL CLASS A EXCESS SPREAD	$3,266,568.82
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	12.00%
Class B Finance Charge Collections	$1,149,843.79
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$1,149,843.79
Class B Monthly Interest	$139,520.00
Class B Servicing Fee	$90,000.00
TOTAL CLASS B EXCESS SPREAD	$920,323.79
CLASS B INVESTOR DEFAULT AMOUNT	$433,774.74
CLASS B REQUIRED AMOUNT	$433,774.74
CLASS C FLOATING ALLOCATION PERCENTAGE	10.00%
CLASS C MONTHLY SERVICING FEE	$75,000.00

Aug-2002 1998-A Page 4

EXCESS SPREAD
TOTAL EXCESS SPREAD	$5,070,095.74
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	$433,774.74
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$509,745.62
Excess Spread Applied to Reductions of Class C Invested Amount	$0.00
Excess Spread Applied to Monthly Cash Collateral Fee	$125,000.00
Excess Spread Applied to Cash Collateral Account	$0.00
Excess Spread Applied to Spread Account	$0.00
Excess Spread Applied to Reserve Account	$3,000,000.00
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	$1,001,575.38

Aug-2002 1998-A Page 5

EXCESS FINANCE CHARGE COLLECTIONS —   GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$6,928,495.39
SERIES 1998-A EXCESS FINANCE CHARGE COLLECTIONS
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO SERIES 1998-A	$0.00
Excess Finance Charge Collections applied to Class A Required Amount	$0.00
Excess Finance Charge Collections applied to Class A Investor Charge Offs	$0.00
Excess Finance Charge Collections applied to Class B Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class B Invested Amount	$0.00
Excess Finance Charge Collections applied to Class C Required Amount	$0.00
Excess Finance Charge Collections applied to Reductions of Class C Invested Amount	$0.00
Excess Finance Charge Collections applied to Monthly Cash Collateral Fee	$0.00
Excess Finance Charge Collections applied to other amounts owed Cash Collateral Depositor	$0.00
Excess Finance Charge Collections applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
YIELD AND BASE RATE
Base Rate (Current Month)	4.05%
Base Rate (Prior Month)	4.10%
Base Rate (Two Months Ago)	4.10%
THREE MONTH AVERAGE BASE RATE	4.08%
Portfolio Yield (Current Month)	11.93%
Portfolio Yield (Prior Month)	11.76%
Portfolio Yield (Two Months Ago)	11.49%
THREE MONTH AVERAGE PORTFOLIO YIELD	11.73%

Aug-2002 1998-A Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$67,231,658.20
INVESTOR DEFAULT AMOUNT	$3,614,789.49
REALLOCATED PRINCIPAL COLLECTIONS
Allocable to Class C Interests	$0.00
Allocable to Class B Certficates	$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	$0.00
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$0.00
EXCESS PRINCIPAL COLLECTIONS ELIGIBLE FOR PRINCIPAL SHARING	$70,846,447.69
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	$18,000,000.00
Available Cash Collateral Amount	$18,000,000.00
TOTAL DRAW AMOUNT	$0.00
CASH COLLATERAL ACCOUNT SURPLUS	$0.00

First USA Bank, National Association as Servicer
By:	/s/  Michael J. Grubb
	Michael J. Grubb First Vice President