CHASE ISSUANCE TRUST

Class C(2006-3)

Transaction Summary

Issuing Entity:	Chase Issuance Trust
Notes Offered:	Class C(2006-3)
Principal Amount:	$175,000,000
Interest Rate:	One Month LIBOR plus 0.23%
Expected Issuance Date:	April 17, 2006
First Interest Payment Date:	May 15, 2006
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)
Scheduled Principal Payment Date:	April 15, 2009
Legal Maturity Date:	June 15, 2011
Price to Public:	$175,000,000 (or 100.000%)
Underwriting Discount:	$525,000 (or 0.300%)
Proceeds to the Issuing Entity:	$174,475,000 (or 99.700%)
Selling Concessions:	0.180%
Reallowance:	0.090%
Weighted Average Life:	2.994 years
ERISA Eligible:	Yes (subject to important considerations described in the prospectus)
Anticipated Ratings: (Moody’s/Standard & Poor’s/Fitch)	Baa2/BBB/BBB
Lead Underwriter:	JP Morgan Securities Inc.
Co-Managers:	Banc of America Securities LLC Merrill Lynch, Pierce, Fenner & Smith Incorporated

The issuing entity has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuing entity has filed with the SEC for more complete information about the issuing entity and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Chase Bank USA, National Association, the issuing entity, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling (212) 834-4154 (call collect) or emailing Lizmary Rodriguez at lizmary.rodriguez@jpmorgan.com.