Sep-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:	$2,600,198,200.61
Beginning of the Month Finance Charge Receivables:	$133,319,799.76
Beginning of the Month Discounted Receivables:	$0.00
Beginning of the Month Total Receivables:	$2,733,518,000.37
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:	$2,572,789,040.65
End of the Month Finance Charge Receivables:	$132,222,969.32
End of the Month Discounted Receivables:	$0.00
End of the Month Total Receivables:	$2,705,012,009.97
Special Funding Account Balance	$0.00
Aggregate Adjusted Invested Amount (all Master Trust II Series)	$1,164,800,000.00
End of the Month Transferor Amount	$1,407,989,040.65
End of the Month Transferor Percentage	54.73%
DELINQUENCIES AND LOSSES
End of the Month Delinquencies:
30-59 Days Delinquent	$65,580,772.13
60-89 Days Delinquent	$42,687,634.28
90+ Days Delinquent	$78,935,218.87
Total 30+ Days Delinquent	$187,203,625.28
Delinquent Percentage	6.92%
Defaulted Accounts During the Month	$16,097,615.15
Annualized Default Percentage	7.43%

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Principal Collections	$287,661,712.72
Principal Payment Rate	11.06%
Total Payment Rate	11.91%
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	$409,500,000.00
Class B Adjusted Invested Amount	$72,000,000.00
Class C Adjusted Invested Amount	$60,000,000.00
ADJUSTED INVESTED AMOUNT	$541,500,000.00
PREFUNDED AMOUNT	$0.00
FLOATING ALLOCATION PERCENTAGE	23.08%
PRINCIPAL ALLOCATION PERCENTAGE	23.08%
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	$66,378,412.05
COLLECTIONS OF FINANCE CHARGE RECEIVABLES DURING THE MONTHLY PERIOD ALLOCATED TO SERIES 1998-A	$8,722,902.84
MONTHLY SERVICING FEE	$750,000.00
INVESTOR DEFAULT AMOUNT	$3,714,551.10

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CLASS A AVAILABLE FUNDS
CLASS A FLOATING ALLOCATION PERCENTAGE	78.00%
Class A Finance Charge Collections	$7,388,864.21
Other Amounts	$0.00
TOTAL CLASS A AVAILABLE FUNDS	$7,388,864.21
Class A Monthly Interest	$743,870.01
Class A Servicing Fee	$585,000.00
Class A Investor Default Amount	$2,897,349.86
TOTAL CLASS A EXCESS SPREAD	$3,162,644.34
CLASS A REQUIRED AMOUNT	$0.00
CLASS B AVAILABLE FUNDS
CLASS B FLOATING ALLOCATION PERCENTAGE	12.00%
Class B Finance Charge Collections	$1,136,748.34
Other Amounts	$0.00
TOTAL CLASS B AVAILABLE FUNDS	$1,136,748.34
Class B Monthly Interest	$128,941.54
Class B Servicing Fee	$90,000.00
TOTAL CLASS B EXCESS SPREAD	$917,806.80
CLASS B INVESTOR DEFAULT AMOUNT	$445,746.13
CLASS B REQUIRED AMOUNT	$445,746.13
CLASS C FLOATING ALLOCATION PERCENTAGE	10.00%
CLASS C MONTHLY SERVICING FEE	$75,000.00

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EXCESS SPREAD
TOTAL EXCESS SPREAD	$4,952,741.43
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	$445,746.13
Excess Spread Applied to Reductions of Class B Invested Amount	$0.00
Excess Spread Applied to Class C Required Amount	$507,906.39
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	$0.00
Excess Spread Applied to other amounts owed to Cash Collateral Depositor	$0.00
Excess Spread Applied to other amounts owed to Spread Account Residual Interest Holders	$0.00
TOTAL EXCESS FINANCE CHARGE COLLECTIONS ELIGIBLE FOR GROUP I	$3,874,088.91

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EXCESS FINANCE CHARGE COLLECTIONS—GROUP I
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES IN GROUP I	$8,908,584.89
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)	4.09%
Base Rate (Prior Month)	4.05%
Base Rate (Two Months Ago)	4.10%
THREE MONTH AVERAGE BASE RATE	4.08%
Portfolio Yield (Current Month)	11.52%
Portfolio Yield (Prior Month)	11.93%
Portfolio Yield (Two Months Ago)	11.76%
THREE MONTH AVERAGE PORTFOLIO YIELD	11.74%

Sep-2002 1998-A                                                                              Page 6

PRINCIPAL COLLECTIONS
TOTAL PRINCIPAL COLLECTIONS	$66,378,412.05
INVESTOR DEFAULT AMOUNT	$3,714,551.10
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	$58,500,000.00
Deficit Controlled Accumulation Amount	$0.00
CONTROLLED DEPOSIT AMOUNT	$58,500,000.00
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	$11,592,963.15
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	$16,245,000.00
Available Cash Collateral Amount	$18,000,000.00
TOTAL DRAW AMOUNT	$0.00
CASH COLLATERAL ACCOUNT SURPLUS	$1,755,000.00

FIRST USA BANK, NATIONAL ASSOCIATION as Servicer
By:	/s/    MICHAEL J. GRUBB
	Michael J. Grubb First Vice President