Payment Rate Percentage
Master Trust II- 2 Portfolio beginning January 2006
By Vintage Segment as of June 30, 2008
| |
Vintage Performance Year |
| |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
YTD- Year to Date 2008 |
| 2008 Originations |
 |
|
|
|
|
64.38% |
| 2007 Originations |
18.43% |
|
|
|
|
18.86% |
| 2006 Originations |
14.74% |
17.03% |
|
|
|
16.01% |
| 2005 Originations |
— |
15.15% |
15.85% |
|
|
14.43% |
| 2004 Originations |
— |
— |
20.44% |
17.53% |
|
15.67% |
| 2003 Originations |
— |
— |
— |
21.16% |
18.53% |
16.67% |
Information relating to the credit card receivables included in the Master Trust II- 2 Portfolio was not organized or stored within our computer systems by vintage origination year for periods prior to January 1, 2006 and cannot be obtained without unreasonable expense or effort.
Payment rate percentage for any Vintage Segment is the percentage equivalent of a fraction equal to the average monthly account payments divided by the average beginning monthly account balances for the given Vintage Performance Year. Average monthly account payments is the average of the aggregate monthly account payments for such Vintage Segment for the given Vintage Performance Year. Average beginning monthly account balances is the average of the aggregate account balances at the beginning of each month for such Vintage Segment for the given Vintage Performance Year. Payment rates shown in the table are based on amounts which are deemed payments of total receivables with respect to the accounts.
Cardholders are generally required to make a monthly minimum payment at least equal to (i- 1) interest and late fees assessed that month plus 1% of the current principal balance or (ii- 2- 2) $15, whichever is greater. However, certain eligible cardholders are given the option periodically to take a payment deferral. We cannot assure you that the cardholder monthly payment rates in the future will be similar to the historical experience set forth above. In addition, the amount of collections of receivables may vary from month to month due to seasonal variations, general economic conditions and payment habits of individual cardholders.
Historical data for the average of the monthly payment rate percentages with respect to the Master Trust II- 2 Portfolio in the prospectus relating to an offering of BA Credit Card Trust securities is calculated using the total beginning monthly account principal balances for the related month instead of the total beginning monthly account balances as described above. As a result, there are limitations to any comparison of the historical data presented in the prospectus and the static pool data presented in the table above.
More Static Pool Data
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