CHASE ISSUANCE TRUST

Class A(2007-7)

Transaction Summary

Issuing Entity:	Chase Issuance Trust
Notes Offered:	Class A(2007-7)
Principal Amount:	$215,000,000
Interest Rate:	One Month LIBOR +0.02% p.a.
Expected Issuance Date:	May 9, 2007
First Interest Payment Date:	June 15, 2007
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:	June 16, 2014
Legal Maturity Date:	June 15, 2016
Price to Public:	$215,000,000 (or 100.00%)
Underwriting Discount:	$645,000 (or 0.30%)
Proceeds to the Issuing Entity:	$214,355,000 (or 99.70%)
Selling Concessions:	0.18%
Reallowance:	0.09%
Weighted Average Life:	7.103 years
ERISA Eligible:	Yes (subject to important considerations described in the prospectus)
Anticipated Ratings: (Moody’s/Standard & Poor’s/Fitch)	Aaa/AAA/AAA
Lead Underwriter:	J.P. Morgan Securities Inc.
Co-Manager:	Deutsche Bank Securities Inc.

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.