{"url_path":"/sec/cik-0001658982/8-k/2026-04-27/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-04-27","source_url":"https://www.sec.gov/Archives/edgar/data/1174821/0001193125-26-180402-index.html","accession_number":"0001193125-26-180402","cik":"0001658982","ticker":null,"issuer_name":"Chase Card Funding LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1658982/0001193125-26-180402-index.html","primary_entity_key":"0001174821","primary_entity_name":"CHASE ISSUANCE TRUST"},"word_count":3733,"has_tables":true,"body_markdown":"Item 8.01 Other Events\n\n**Portfolio Information Tables**\n\nThe following information relates to the credit card receivables owned by the issuing entity and the related credit card accounts. Some of the\nterms used herein are used as defined in the *“Glossary of Defined Terms”* at the end of this report.\n\n**Delinquency and\nLoss Experience**\n\nThe following tables present the delinquency and loss experience for each of the periods shown for the Trust Portfolio\nand include all receivables included in the Trust Portfolio as of the date specified in the tables. There can be no assurance that the delinquency and loss experience for the Issuing Entity Receivables will be similar to the historical experience\nset forth below because, among other things, economic and financial conditions affecting the ability of cardholders to make payments may be different from those that have prevailed during the periods reflected below.\n\n**Delinquency Experience**\n\n**Chase Issuance Trust**\n\n**(dollars in thousands)**\n\n**As of March 31, 2026**\n\n**Number ofAccounts(1)**\n\n**Amount ofReceivables(2)**\n\n**Percentage ofTotalReceivables**\n\nPool Balance\n\n6,648,090\n\n$\n11,882,685\n\n100.00\n%\n\nNumber of Days Delinquent:\n\n30-59 days\n\n5,023\n\n$\n31,777\n\n0.27\n%\n\n60-89 days\n\n3,089\n\n22,391\n\n0.19\n\n90-119 days\n\n2,190\n\n18,019\n\n0.15\n\n120-149 days\n\n2,007\n\n17,403\n\n0.15\n\n150-179 days\n\n1,819\n\n16,954\n\n0.14\n\n180 or more days\n\n0\n\n0\n\n0.00\n\nTotal\n\n14,128\n\n$\n106,544\n\n0.90\n%\n\n**As of December 31,**\n\n**2025**\n\n**2024**\n\n**Number ofAccounts(1)**\n\n**Amount ofReceivables(2)**\n\n**Percentageof TotalReceivables**\n\n**Number ofAccounts(1)**\n\n**Amount ofReceivables(2)**\n\n**Percentageof TotalReceivables**\n\nPool Balance\n\n6,674,863\n\n$\n12,850,275\n\n100.00\n%\n\n6,855,308\n\n$\n13,508,666\n\n100.00\n%\n\nNumber of Days Delinquent:\n\n30-59 days\n\n5,103\n\n$\n31,749\n\n0.25\n%\n\n4,952\n\n$\n31,019\n\n0.23\n%\n\n60-89 days\n\n3,060\n\n22,978\n\n0.18\n\n3,221\n\n23,988\n\n0.18\n\n90-119 days\n\n2,195\n\n18,065\n\n0.14\n\n2,465\n\n20,826\n\n0.15\n\n120-149 days\n\n1,982\n\n18,163\n\n0.14\n\n2,144\n\n19,477\n\n0.15\n\n150-179 days\n\n1,798\n\n17,180\n\n0.13\n\n1,836\n\n17,788\n\n0.13\n\n180 or more days\n\n1\n\n59\n\n0.00\n\n0\n\n0\n\n0.00\n\nTotal\n\n14,139\n\n$\n108,194\n\n0.84\n%\n\n14,618\n\n$\n113,098\n\n0.84\n%\n\n1\n\n**As of December 31,**\n\n**2023**\n\n**2022**\n\n**Number ofAccounts(1)**\n\n**Amount ofReceivables(2)**\n\n**Percentageof TotalReceivables**\n\n**Number ofAccounts(1)**\n\n**Amount ofReceivables(2)**\n\n**Percentageof TotalReceivables**\n\nPool Balance\n\n5,224,552\n\n$\n9,444,503\n\n100.00\n%\n\n5,588,138\n\n$\n9,637,183\n\n100.00\n%\n\nNumber of Days Delinquent:\n\n30-59 days\n\n4,477\n\n$\n28,636\n\n0.30\n%\n\n4,121\n\n$\n23,700\n\n0.24\n%\n\n60-89 days\n\n2,744\n\n20,662\n\n0.22\n\n2,368\n\n16,041\n\n0.17\n\n90-119 days\n\n2,136\n\n17,477\n\n0.19\n\n1,806\n\n13,928\n\n0.14\n\n120-149 days\n\n1,645\n\n14,140\n\n0.15\n\n1,417\n\n10,528\n\n0.11\n\n150-179 days\n\n1,488\n\n13,584\n\n0.14\n\n1,202\n\n9,250\n\n0.10\n\n180 or more days\n\n0\n\n0\n\n0.00\n\n0\n\n0\n\n0.00\n\nTotal\n\n12,490\n\n$\n94,499\n\n1.00\n%\n\n10,914\n\n$\n73,447\n\n0.76\n%\n\n(1)\n\nThe number of accounts includes all non-charged off credit card\naccounts in the Trust Portfolio, but does not include inactivated credit card accounts where the credit card had been lost or stolen or that had been flagged for potential fraud and replaced with a new credit card account.\n\n(2)\n\nThe amount of receivables reflected includes all principal, finance charge and fee amounts due from\ncardholders as of the date specified.\n\n**Loss Experience**\n\n**Chase Issuance Trust**\n\n**(dollars in thousands)**\n\n**Three MonthsEndedMarch 31,2026**\n\n**Year Ended December 31,**\n\n**2025**\n\n**2024**\n\n**2023**\n\n**2022**\n\nAverage Pool Balance\n\n$\n12,068,057\n\n$\n12,380,909\n\n$\n12,192,452\n\n$\n8,957,624\n\n$\n9,835,477\n\nGross Losses(1)\n\n$\n62,785\n\n$\n250,069\n\n$\n222,579\n\n$\n165,098\n\n$\n153,522\n\nRecoveries(2)\n\n$\n11,640\n\n$\n42,115\n\n$\n29,858\n\n$\n24,977\n\n$\n39,996\n\nNet Losses(3)\n\n$\n51,145\n\n$\n207,954\n\n$\n192,721\n\n$\n140,121\n\n$\n113,526\n\nNet Losses as a percentage of Average Pool Balance\n\n1.70\n%(4)\n\n1.68\n%\n\n1.58\n%\n\n1.56\n%\n\n1.15\n%\n\n(1)\n\nGross Losses are charge-offs of principal receivables. Gross Losses do not include the amount of any\nreductions in principal receivables due to fraud, returned goods or customer disputes, the amount of which instead is applied to reduce the Transferor Amount. The number of accounts experiencing a loss for the three months ended March 31, 2026\nwas 10,471.\n\n(2)\n\nRecoveries are amounts received on previously charged-off\nreceivables. As Recoveries are amounts received from defaulted accounts and allocated to the issuing entity from the servicer’s managed portfolio of credit card receivables, the number of accounts with a recovery cannot be calculated.\nRecoveries as a percentage of Gross Losses for the three months ended March 31, 2026 were 18.54% and for each of the years ended December 31, 2025, 2024, 2023 and 2022 were 16.84%, 13.41%, 15.13%, and 26.05%.\n\n(3)\n\nNet Losses are Gross Losses minus Recoveries. Net Losses do not include any reductions in principal\nreceivables due to fraud, returned goods or customer disputes, the amount of which instead is applied to reduce the Transferor Amount. Net Losses as a percentage of Gross Losses for the three months ended March 31, 2026 were 81.46% and for each of\nthe years ended December 31, 2025, 2024, 2023 and 2022 were 83.16%, 86.59%, 84.87% and 73.95%.\n\n(4)\n\nAnnualized.\n\nThe delinquency and net loss percentages for the Trust Portfolio at any time reflect, among other factors, the quality of the related credit\ncard loans in the Trust Portfolio, the average seasoning of the related revolving credit card accounts in the Trust Portfolio, the success of JPMorgan Chase Bank’s collection efforts and general economic conditions. Future charge-offs in the\nTrust Portfolio and overall credit quality for the Trust Portfolio are subject to uncertainties which may cause actual results to differ from current and historical performance.\n\n2\n\n**Revenue Experience**\n\nThe revenue experience for the issuing entity for the three months ended March 31, 2026 and for each of the years ended December 31, 2025,\n2024, 2023 and 2022 is presented in the following table. The revenue experience for the issuing entity in the following table is calculated on a cash basis. Finance charges, fees and Interchange are comprised of monthly periodic finance charges,\nannual membership fees and other credit card fees and Interchange.\n\n**Revenue Experience**\n\n**Chase Issuance Trust**\n\n**(dollars in thousands)**\n\n**ThreeMonthsEndedMarch 31,2026**\n\n**Year Ended December 31,**\n\n**2025**\n\n**2024**\n\n**2023**\n\n**2022**\n\nFinance Charges, Fees and Interchange\n\n$\n729,332\n\n$\n3,017,544\n\n$\n3,045,210\n\n$\n2,176,284\n\n$\n2,171,857\n\nYield from Finance Charges, Fees and Interchange(1)\n\n24.51\n%(2)\n\n24.37\n%\n\n24.98\n%\n\n24.30\n%\n\n22.08\n%\n\n(1)\n\nYield from Finance Charges, Fees and Interchange is the result of dividing finance charges, fees and\nInterchange, by the Average Pool Balance for the periods indicated.\n\n(2)\n\nAnnualized.\n\nThe revenue experience will be affected by numerous factors, including, the monthly periodic finance charges on the credit card receivables,\nother fees and Interchange, changes in the delinquency and loss rates on the credit card receivables, the percentage of revolving credit card accounts bearing finance charges at promotional rates and the percentage of cardholders who pay their\nbalances in full each month and do not incur monthly periodic finance charges. These factors may in turn be caused or affected by a variety of other factors, including seasonal spend variations, the availability of other sources of credit and\ngeneral economic conditions (including the rate of inflation), unemployment levels, consumer spending and borrowing patterns. In addition, revenue experience will be affected by future changes in the types of charges and fees assessed by JPMorgan\nChase Bank on the revolving credit card accounts in the Trust Portfolio and on the types of additional revolving credit card accounts added to the Trust Portfolio from time to time.\n\nThe revenue experience from periodic finance charges and fees (other than annual fees) depends in part upon the collective preference of\ncardholders to use their credit cards as revolving debt instruments for purchases and cash advances and to pay account balances over several months, as opposed to convenience use, where cardholders pay off their entire balance each month, thereby\navoiding periodic finance charges on their purchases. The revenue experience may also be affected by other credit card related services for which the cardholder pays a fee.\n\n**Principal Payment Rates**\n\nThe cardholder monthly principal payment rate for each month is calculated as a percentage of the Pool Balance as of the first day of that\nmonth, subject to adjustment for additions and removals of assets that occur in that month.\n\n**Cardholder Monthly Principal Payment Rates**\n\n**Chase Issuance Trust**\n\n**Receivables Principal Payment Rate**\n\n**ThreeMonthsEndedMarch 31,2026**\n\n**Year Ended December 31,**\n\n**2025**\n\n**2024**\n\n**2023**\n\n**2022**\n\nLowest Month\n\n48.54%\n\n47.18%\n\n45.99%\n\n45.28%\n\n44.96%\n\nHighest Month\n\n54.12%\n\n52.99%\n\n53.06%\n\n50.83%\n\n51.02%\n\nMonthly Average\n\n50.94%\n\n50.21%\n\n49.32%\n\n48.38%\n\n48.43%\n\n3\n\n**Composition of Issuing Entity Receivables.**\n\nThe following information relates to the Issuing Entity Receivables and the accounts in the Trust Portfolio as of March 31, 2026:\n\n•\n\nthe Issuing Entity Receivables included $11,882,685,348 of total receivables;\n\n•\n\nthe accounts in the Trust Portfolio had an average total receivables balance of $1,787, including accounts\nwith a zero balance, and an average credit limit of $16,324;\n\n•\n\nthe percentage of the aggregate total receivables balance in the Issuing Entity Receivables to the aggregate\ntotal credit limit was 10.95%;\n\n•\n\nthe average age of the accounts, the receivables of which are in the Issuing Entity Receivables, was\napproximately 293 months;\n\n•\n\nfor the March 2026 monthly period, 2.72% of the accounts in the Trust Portfolio received the minimum payment\ndue and 34.05% of the accounts in the Trust Portfolio received a full balance payment; and\n\n•\n\nof the accounts in the Trust Portfolio, approximately 11.86% related to cardholders with billing addresses in\nCalifornia, 8.44% in New York, 7.93% in Texas, 6.56% in Florida and 5.87% in Illinois; no other single state accounts for more than 5% of the accounts in the Trust Portfolio. Since the largest number of accountholders (based on billing addresses)\nwhose accounts were included in the issuing entity were in California, New York, Texas, Florida and Illinois, adverse economic, financial, social or environmental conditions affecting accountholders residing in these states could affect timely\npayment by the related accountholders of amounts due on the accounts and, accordingly, the actual rates of delinquencies and losses with respect to the issuing entity.\n\nThe following tables summarize the Issuing Entity Receivables by various criteria as of March 31, 2026. Receivables in the following tables\ninclude principal, finance charge and fee receivables held directly by the issuing entity. Because the composition of the Issuing Entity Receivables may change over time, these tables are not necessarily indicative of the composition of the\nreceivables in the issuing entity at any future time. In addition, in each of the following tables the number of accounts includes all non-charged off credit card accounts in the Trust Portfolio, but does not\ninclude inactivated credit card accounts where the credit card had been lost or stolen or that had been flagged for potential fraud and replaced with a new credit card account.\n\n**Composition by Account Balance**\n\n**Chase Issuance Trust**\n\n**Account Balance Range**\n\n**NumberofAccounts**\n\n**PercentageofTotalNumberofAccounts**\n\n**Amount ofReceivables**\n\n**PercentageofTotalAmountofReceivables**\n\nCredit Balance\n\n86,351\n\n1.30\n%\n\n$\n(25,389,525\n)\n\n(0.21\n)%\n\nNo Balance\n\n3,023,863\n\n45.48\n\n0\n\n0.00\n\n$0.01 to $5,000.00 Balance\n\n2,823,702\n\n42.48\n\n3,346,685,082\n\n28.15\n\n$5,000.01 to $10,000.00 Balance\n\n391,724\n\n5.89\n\n2,778,939,871\n\n23.39\n\n$10,000.01 to $15,000.00 Balance\n\n158,921\n\n2.39\n\n1,937,480,597\n\n16.31\n\n$15,000.01 to $20,000.00 Balance\n\n76,200\n\n1.15\n\n1,311,385,109\n\n11.04\n\n$20,000.01 to $25,000.00 Balance\n\n39,751\n\n0.60\n\n885,096,288\n\n7.45\n\n$25,000.01 to $50,000.00 Balance\n\n43,949\n\n0.66\n\n1,423,334,948\n\n11.98\n\n$50,000.01 or More\n\n3,629\n\n0.05\n\n225,152,978\n\n1.89\n\nTotal\n\n6,648,090\n\n100.00\n%\n\n$\n11,882,685,348\n\n100.00\n%\n\n4\n\n**Composition by Credit Limit**\n\n**Chase Issuance Trust**\n\n**Credit Limit Range**\n\n**NumberofAccounts**\n\n**PercentageofTotalNumber ofAccounts**\n\n**Amount ofReceivables**\n\n**PercentageofTotalAmountofReceivables**\n\n$0.01 to $5,000.00\n\n1,008,489\n\n15.17\n%\n\n$\n395,289,019\n\n3.33\n%\n\n$5,000.01 to $10,000.00\n\n1,351,046\n\n20.33\n\n1,096,412,722\n\n9.22\n\n$10,000.01 to $15,000.00\n\n1,335,260\n\n20.08\n\n1,574,346,269\n\n13.25\n\n$15,000.01 to $20,000.00\n\n932,969\n\n14.03\n\n1,575,259,653\n\n13.26\n\n$20,000.01 to $25,000.00\n\n810,926\n\n12.20\n\n1,713,613,176\n\n14.42\n\n$25,000.01 to $50,000.00\n\n1,106,559\n\n16.64\n\n4,304,663,470\n\n36.23\n\n$50,000.01 or More\n\n102,841\n\n1.55\n\n1,223,101,039\n\n10.29\n\nTotal\n\n6,648,090\n\n100.00\n%\n\n$\n11,882,685,348\n\n100.00\n%\n\n**Composition by Period of Delinquency**\n\n**Chase Issuance Trust**\n\n**Payment Status (Days Contractually Delinquent)**\n\n**NumberofAccounts**\n\n**PercentageofTotalNumberofAccounts**\n\n**Amount ofReceivables**\n\n**PercentageofTotalAmountofReceivables**\n\nNot Delinquent\n\n6,612,388\n\n99.46\n%\n\n$\n11,677,767,671\n\n98.27\n%\n\nUp to 29 Days\n\n21,574\n\n0.32\n\n98,373,349\n\n0.83\n\n30 to 59 Days\n\n5,023\n\n0.08\n\n31,777,206\n\n0.27\n\n60 to 89 Days\n\n3,089\n\n0.05\n\n22,390,511\n\n0.19\n\n90 to 119 Days\n\n2,190\n\n0.03\n\n18,019,098\n\n0.15\n\n120 to 149 Days\n\n2,007\n\n0.03\n\n17,403,251\n\n0.15\n\n150 to 179 Days\n\n1,819\n\n0.03\n\n16,954,262\n\n0.14\n\n180 or More Days\n\n0\n\n0.00\n\n0\n\n0.00\n\nTotal\n\n6,648,090\n\n100.00\n%\n\n$\n11,882,685,348\n\n100.00\n%\n\n**Composition by Account Age**\n\n**Chase Issuance Trust**\n\n**Age Range**\n\n**NumberofAccounts**\n\n**PercentageofTotalNumberofAccounts**\n\n**Amount ofReceivables**\n\n**PercentageofTotalAmountofReceivables**\n\nLess than or equal to 6 Months\n\n0\n\n0.00\n%\n\n$\n0\n\n0.00\n%\n\nOver 6 Months to 12 Months\n\n0\n\n0.00\n\n0\n\n0.00\n\nOver 12 Months to 24 Months\n\n0\n\n0.00\n\n0\n\n0.00\n\nOver 24 Months to 36 Months\n\n0\n\n0.00\n\n0\n\n0.00\n\nOver 36 Months to 48 Months\n\n0\n\n0.00\n\n0\n\n0.00\n\nOver 48 Months to 60 Months\n\n0\n\n0.00\n\n0\n\n0.00\n\nOver 60 Months to 120 Months\n\n0\n\n0.00\n\n0\n\n0.00\n\nOver 120 Months\n\n6,648,090\n\n100.00\n\n11,882,685,348\n\n100.00\n\nTotal\n\n6,648,090\n\n100.00\n%\n\n$\n11,882,685,348\n\n100.00\n%\n\n5\n\n**FICO® Scores**\n\nThe following table reflects the distribution of the FICO scores for a statistically significant random sample of credit card accounts included\nin the Trust Portfolio received by JPMorgan Chase Bank in March 2026 and the outstanding receivables balances of the related accounts as of March 31, 2026. Because the composition of the Trust Portfolio is expected to change over time, there can be\nno assurance that the FICO score distribution for the Trust Portfolio in future periods will be similar to the information set forth below. In addition, FICO scores may change over time, depending on the conduct of the cardholder and changes in\ncredit score technology.\n\n**Chase Issuance Trust**\n\n**FICO® Scores(1)**\n\n**As of March 31, 2026**\n\n**FICO Score Range(2)**\n\n**Amount ofReceivables**\n\n**PercentageofTotalAmount ofReceivables**\n\nNo FICO Score\n\n$\n852,912\n\n0.14\n%\n\nLess Than 600\n\n10,878,194\n\n1.84\n\n600 to 659\n\n21,320,211\n\n3.60\n\n660 to 719\n\n90,270,375\n\n15.24\n\n720 and Above\n\n469,195,167\n\n79.18\n\nTotal\n\n$\n592,516,859\n\n100.00\n%\n\n(1)\n\nFICO® is a federally registered servicemark of\nFair, Isaac & Company.\n\n(2)\n\nThe FICO scores are Experian/FICO® Bankcard Score 8\nscores.\n\n6\n\n**Glossary of Defined Terms**\n\n“**Account Owner**” means JPMorgan Chase Bank, or any affiliate which is the issuer of the credit card relating to an account\npursuant to a credit card agreement.\n\n“**Asset Pool One**” means the collateral granted to the Collateral Agent pursuant to\nthe Asset Pool One Supplement.\n\n“**Asset Pool One Notes**” means the notes designated in an indenture supplement as being\nsecured by the collateral of Asset Pool One.\n\n“**Asset Pool One Supplement**” means the Fourth Amended and Restated Asset\nPool Supplement, to the Fifth Amended and Restated Indenture, dated as of December 16, 2024, by and between the issuing entity and the Indenture Trustee and Collateral Agent, for the benefit of the parties listed in the granting clause of the\nAsset Pool One Supplement.\n\n“**Business Day**” means, unless otherwise indicated, any day other than a Saturday, a Sunday\nor a day on which banking institutions in New York, New York, Wilmington, Delaware or St. Paul, Minnesota are authorized or obligated by law, executive order or governmental decree to be closed.\n\n“**Card Act**” means the Credit Card Accountability Responsibility and Disclosure Act of 2009.\n\n“**Collateral Agent**” means Computershare Trust Company, National Association, a national banking association.\n\n**“Collateral Certificate Principal Shortfall Payments**” means remaining excess principal collections received on collateral\ncertificates designated for inclusion in the issuing entity in respect of remaining shortfalls in Principal Collections for series of notes after application of shared excess available principal collections.\n\n“**Default Amount**” means, for any month, the sum of:\n\n•\n\nwith respect to credit card receivables in the issuing entity, an amount, which may not be less than zero,\nequal to (1) the aggregate amount of principal receivables, other than Ineligible Receivables, in each Defaulted Account that became a Defaulted Account during that month, on the day that revolving credit card account became a Defaulted\nAccount, minus (2) the aggregate amount of Recoveries received in that month, and\n\n•\n\nwith respect to any collateral certificate in the issuing entity, the investor default amount or similar\namount allocated to the holder of the collateral certificate for that month.\n\n“**Defaulted Accounts**”\nmeans revolving credit card accounts, the credit card receivables of which have been written off as uncollectible by the applicable servicer.\n\n“**Finance Charge Collections**” means, for any month, the sum of (1) with respect to credit card receivables designated\nfor inclusion in the issuing entity, all collections received by the servicer on behalf of the issuing entity of finance charge receivables (including collections of discount receivables and Recoveries received for that month to the extent those\nRecoveries exceed the aggregate amount of principal receivables (other than Ineligible Receivables) in Defaulted Accounts that became Defaulted Accounts with respect to that month), (2) with respect to any collateral certificate designated for\ninclusion in the issuing entity, collections of finance charge receivables allocated to the holder of the collateral certificate for that month and (3) any amounts received by the issuing entity which are designated as Finance Charge\nCollections. Finance Charge Collections with respect to any month will include the amount of Interchange (if any) deposited into the applicable collection account on the First Note Transfer Date following that month.\n\n7\n\n“**First Note Transfer Date**” means, for any month, the initial Note\nTransfer Date for any series, class or tranche of notes in that month.\n\n“**Indenture Trustee**” means Computershare Trust\nCompany, National Association, a national banking association.\n\n“**Ineligible Receivable**” means a credit card receivable\nwhich has been transferred to the issuing entity which fails to meet one or more of the representations or warranties contained in the transfer and servicing agreement.\n\n“**Insurance Proceeds**” means any amounts recovered by the Servicer pursuant to any credit insurance policies covering any\nobligor with respect to receivables under such obligor’s account.\n\n“**Interchange**” means interchange fees payable\nto the Servicer with respect to the accounts by the Account Owner, in its capacity as credit card issuer, through bankcard payment networks or other similar payment systems.\n\n“**Interest Payment Date**” means, for any series, class or tranche of notes, any date on which a payment in respect of\ninterest is to be made.\n\n“**Invested Amount**” means, for any series of certificates issued by a securitization special\npurpose entity which has issued a collateral certificate that is included in the issuing entity, as of the close of business on any date of determination with respect to that collateral certificate, an amount equal to the Invested Amount as of the\nclose of business on the prior day, or, with respect to the first day of the first month, the initial invested amount of that collateral certificate; minus Principal Collections, if any, paid on that date of determination; minus the Default Amount,\nif any, allocated to that collateral certificate on that date of determination; plus any additional undivided interests in that securitization special purpose entity sold to the holder of that collateral certificate.\n\n“**Issuing Entity Receivables**” means the credit card receivables transferred to the issuing entity arising in the revolving\ncredit card accounts owned by JPMorgan Chase Bank or an affiliate designated to have their receivables transferred to the issuing entity.\n\n“**JPMorgan Chase Bank**” means JPMorgan Chase Bank, National Association, a national banking association, which is the\nsponsor, originator, administrator and servicer of the issuing entity.\n\n“**Note Transfer Date**” means, for any series,\nclass or tranche of Asset Pool One Notes:\n\n(1)\n\nthe Business Day prior to:\n\n(a)\n\nthe Payment Date for such series, class or tranche of Asset Pool One Notes; or\n\n(b)\n\nfor any monthly period in which no Payment Date occurs for such series, class or tranche of Asset Pool One\nNotes, the date in such monthly period corresponding numerically to the next Payment Date (without regard to whether or not such Payment Date is a Business Day) for such series, class or tranche of Asset Pool One Notes, provided that (i) if\nthere is no such numerically corresponding date, such date shall be the last Business Day of such monthly period, or (ii) if such numerically corresponding date is not a Business Day, such date shall be the immediately preceding Business Day;\nor\n\n(2)\n\nsuch other date as shall be specified in the applicable indenture supplement or terms document for such\nseries, class or tranche of Asset Pool One Notes.\n\n“**Payment Date**” means, with respect to any series,\nclass or tranche of notes, the applicable Principal Payment Date or Interest Payment Date.\n\n“**Pool Balance**” means, for\nany month, (1) the amount of principal credit card receivables in the issuing entity at the end of the month plus (2) the Invested Amount of any outstanding collateral certificates included in the issuing entity at the end of the month\nplus (3) the amount on deposit in the excess funding account at the end of the month.\n\n8\n\n“**Principal Collections**” means, for any month, the sum of (1) for\ncredit card receivables designated for inclusion in the issuing entity, all collections other than those designated as Finance Charge Collections on revolving credit card accounts designated for that month and (2) for any collateral certificate\ndesignated for inclusion in the issuing entity, all collections of principal receivables, including Collateral Certificate Principal Shortfall Payments, allocated to the holder of that collateral certificate for that month.\n\n“**Principal Payment Date**” means, for any series, class or tranche of notes, any date on which a payment in respect of\nprincipal is to be made.\n\n“**Recoveries**” means, all net amounts received, including Insurance Proceeds, by the Servicer\nwith respect to receivables in Defaulted Accounts, including amounts received by the Servicer from the purchaser or transferee with respect to the sale or other disposition of receivables in Defaulted Accounts.\n\n“**Servicer**” means JPMorgan Chase Bank in its capacity as Servicer pursuant to the Transfer and Servicing Agreement.\n\n“**Transfer and Servicing Agreement**” means the Fifth Amended and Restated Transfer and Servicing Agreement, dated\nDecember 16, 2024, by and among JPMorgan Chase Bank, as servicer, account owner and administrator, Chase Card Funding LLC, as transferor, the issuing entity, and the Indenture Trustee and Collateral Agent.\n\n“**Transferor Amount**” means, for any month, an amount equal to (1) the Pool Balance for that month minus (2) the\naggregate nominal liquidation amount of all notes as of the close of business on the last day of that month.\n\n“**Trust\nPortfolio**” means the issuing entity portfolio.\n\n9\n\n**SIGNATURE**\n\nPursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by\nthe undersigned hereunto duly authorized.\n\n**CHASE CARD FUNDING LLC,**\n\nas Depositor of the Chase Issuance Trust\n\nBy:\n\n/s/ Patricia M. Garvey\n\nName:\n\nPatricia M. Garvey\n\nTitle:\n\nChief Financial Officer, Chief Accounting Officer and Treasurer\n\nDate: April 27, 2026"}