UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) May 14, 2008

Central Index Key Number of issuing entity: 0001004988

CHASE CREDIT CARD MASTER TRUST

(Issuer of Securities)

Central Index Key Number of depositor: 0000819975, 0000869090

CHASE BANK USA, NATIONAL ASSOCIATION

(Sponsor of the Trust)

(Exact name of registrant as specified in its charter)

United States of America

000-28338-03, 333-103210

22-2382028

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(IRS Employer

Identification Number)

White Clay Center Building 200

Route 273

Newark, Delaware

19711

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code (302) 575-5000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01

Other Events

On May 14, 2008, the Chase Credit Card Master Trust issued the $1,500,000,000 floating rate Class A Certificates, Series 2008-1 (the “Class A Certificates”), the $102,273,000 floating rate Class B Certificates, Series 2008-1 (the “Class B Certificates”) and the $102,273,000 floating rate Class C Certificates, Series 2008-1 (the “Class C Certificates” and collectively with the Class A Certificates and the Class B Certificates, the “Certificates”). The Class A Certificates were sold to an asset-backed commercial paper conduit in reliance upon the exemption contained in Section 4(2) of the Securities Act of 1933, as amended. The Class B Certificates and Class C Certificates were retained by Chase Bank USA, National Association. Each Class of Certificates has a legal final maturity date of June 15, 2011.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


CHASE BANK USA, NATIONAL ASSOCIATION, as depositor into the Chase Credit Card Master Trust

By:		/s/ Patricia M. Garvey
Name:		Patricia M. Garvey
Title:		Vice President

Date: May 20, 2008

FIRST USA CREDIT CARD MASTER TRUST 8-K