<PAGE>
Exhibit 99.7
MONTHLY STATEMENT TO CERTIFICATEHOLDERS
SERIES 1996-A
CC MASTER CREDIT CARD TRUST II
(Formerly Chevy Chase Master Credit Card Trust II)
RECEIVABLES
-----------
Beginning of the Month Principal Receivables: $3,005,089,625.25
Beginning of the Month Finance Charge Receivables: $152,398,233.47
Beginning of the Month Discounted Receivables: $0.00
Beginning of the Month Total Receivables: $3,157,487,858.72
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: $2,954,073,738.94
End of the Month Finance Charge Receivables: $147,551,019.69
End of the Month Discounted Receivables: $0.00
End of the Month Total Receivables: $3,101,624,758.63
Special Funding Account Balance $0.00
Aggregate Invested Amount (all Master Trust II Series) $2,300,000,000.00
End of the Month Transferor Amount $654,073,738.94
End of the Month Transferor Percentage 22.14%
DELINQUENCIES AND LOSSES
------------------------
End of the Month Delinquencies:
30-59 Days Delinquent $68,638,213.36
60-89 Days Delinquent $50,358,199.79
90+ Days Delinquent $91,248,801.03
Total 30+ Days Delinquent $210,245,214.18
Delinquent Percentage 6.78%
Defaulted Accounts During the Month $20,897,990.17
Annualized Default Percentage 8.35%
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Oct-2000 1996-A Page 2
Principal Collections $399,064,663.34
Principal Payment Rate 13.28%
Total Payment Rate 14.28%
INVESTED AMOUNTS
----------------
Class A Initial Invested Amount $369,000,000.00
Class B Initial Invested Amount $38,250,000.00
Class C Initial Invested Amount $42,750,000.00
-------------------
INITIAL INVESTED AMOUNT $450,000,000.00
Class A Invested Amount $369,000,000.00
Class B Invested Amount $38,250,000.00
Class C Invested Amount $42,750,000.00
-------------------
INVESTED AMOUNT $450,000,000.00
Class A Adjusted Invested Amount $369,000,000.00
Class B Adjusted Invested Amount $38,250,000.00
Class C Adjusted Invested Amount $42,750,000.00
-------------------
ADJUSTED INVESTED AMOUNT $450,000,000.00
PREFUNDED AMOUNT $0.00
FLOATING ALLOCATION PERCENTAGE 14.97%
PRINCIPAL ALLOCATION PERCENTAGE 14.97%
Class A Principal Allocation Percentage 82.00%
Class B Principal Allocation Percentage 8.50%
Class C Principal Allocation Percentage 9.50%
COLLECTIONS OF PRINCIPAL RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED
TO SERIES 1996-A $59,758,317.05
COLLECTIONS OF FINANCE CHARGE RECEIVABLES
DURING THE MONTHLY PERIOD ALLOCATED TO
SERIES 1996-A $7,771,402.68
MONTHLY SERVICING FEE $562,500.00
INVESTOR DEFAULT AMOUNT $3,129,389.38
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Oct-2000 1996-A Page 3
CLASS A AVAILABLE FUNDS
-----------------------
CLASS A FLOATING ALLOCATION PERCENTAGE 82.00%
Class A Finance Charge Collections $6,833,800.17
Other Amounts $0.00
TOTAL CLASS A AVAILABLE FUNDS $6,833,800.17
Class A Monthly Interest $2,081,775.00
Class A Servicing Fee $461,250.00
Class A Investor Default Amount $2,566,099.29
TOTAL CLASS A EXCESS SPREAD $1,724,675.88
REQUIRED AMOUNT $0.00
CLASS B AVAILABLE FUNDS
-----------------------
CLASS B FLOATING ALLOCATION PERCENTAGE 8.50%
Class B Finance Charge Collections $708,381.74
Other Amounts $0.00
TOTAL CLASS B AVAILABLE FUNDS $708,381.74
Class B Monthly Interest $222,965.63
Class B Servicing Fee $47,812.50
TOTAL CLASS B EXCESS SPREAD $437,603.61
CLASS B INVESTOR DEFAULT AMOUNT $265,998.10
CLASS B REQUIRED AMOUNT $265,998.10
CLASS C FLOATING ALLOCATION PERCENTAGE 9.50%
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Oct-2000 1996-A Page 4
EXCESS SPREAD
-------------
TOTAL EXCESS SPREAD $2,900,562.76
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 $265,998.10
Excess Spread Applied to Reductions of Class B
Invested Amount $0.00
Excess Spread Applied to Class C Required Amount $568,754.49
Excess Spread Applied to Reductions of Class C
Invested Amount $0.00
Excess Spread Applied to Monthly Cash Collateral Fee $93,750.00
Excess Spread Applied to Cash Collateral Account $0.00
Excess Spread Applied to Spread Account $0.00
Excess Spread Applied to Reserve Account
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 $1,972,060.17
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Oct-2000 1996-A Page 5
EXCESS FINANCE CHARGE COLLECTIONS -- GROUP I
--------------------------------------------
TOTAL EXCESS FINANCE CHARGE COLLECTIONS FOR ALL SERIES
IN GROUP I $10,200,607.57
SERIES 1996-A EXCESS FINANCE CHARGE COLLECTIONS
-----------------------------------------------
EXCESS FINANCE CHARGE COLLECTIONS ALLOCATED TO
SERIES 1996-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) 8.87%
Base Rate (Prior Month) 8.87%
Base Rate (Two Months Ago) 8.87%
--------
THREE MONTH AVERAGE BASE RATE 8.87%
Portfolio Yield (Current Month) 13.88%
Portfolio Yield (Prior Month) 11.69%
Portfolio Yield (Two Months Ago) 14.58%
--------
THREE MONTH AVERAGE PORTFOLIO YIELD 13.38%
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Oct-2000 1996-A Page 6
PRINCIPAL COLLECTIONS
---------------------
TOTAL PRINCIPAL COLLECTIONS $59,758,317.05
INVESTOR DEFAULT AMOUNT $3,129,389.38
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 $62,887,706.43
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 CHARGE OFFS REIMBURSED $0.00
PREVIOUS CLASS C CHARGE OFFS REIMBURSED $0.00
CASH COLLATERAL ACCOUNT
Required Cash Collateral Amount $13,500,000.00
Available Cash Collateral Amount $13,500,000.00
TOTAL DRAW AMOUNT $0.00
CASH COLLATERAL ACCOUNT SURPLUS $0.00
First USA Bank, National Association
as Servicer
By: /s/ Tracie Klein
______________________________
Tracie H. Klein
First Vice President
