Exhibit 99.7 EXHIBIT C to the Supplement to PSA CLASS A CUSIP 55262TGA5 CLASS B CUSIP 55262TGB3 MONTHLY CERTIFICATEHOLDERS' STATEMENT SERIES 2001-B BA CREDIT CARD FUNDING, LLC BA MASTER CREDIT CARD TRUST II _______________________________________________________________________________ MONTHLY PERIOD ENDING FEBRUARY 29, 2008 _______________________________________________________________________________ The information which is required to be prepared with respect to the Distribution Date of March 17, 2008, and with respect to the performance of the Trust during the month of February, 2008 is set forth below. Capitalized terms used in this statement have their respective meanings set forth in the Second Amended and Restated Pooling and Servicing Agreement. Material terms, parties and related abbreviations used herein may be found in the following documents as filed with the Securities and Exchange Commission ("SEC"): Series 2001-B Supplement to the Second Amended Included in Exhibit 4.1 to FIA's Form 8-K and Restated Pooling and Servicing Agreement filed with the SEC on May 15, 2001 relating to the Collateral Certificate Second Amended and Restated Pooling and Included in BA CREDIT CARD FUNDING, LLC Form Servicing Agreement dated as of October 20, 2006 8-K filed with the SEC on October 20, 2006 A. In accordance with Article IV of the Second Amended and Restated Pooling and Servicing Agreement, Allocations of Collections of Finance Charge Receivables and Principal Receivables for each Series shall be applied in the priority described in the two charts below. These charts are only an overview of the application and priority of payments of Collections of Finance Charge Receivables and Principal Receivables. For a more detailed description, please see the Second Amended and Restated Pooling and Servicing Agreement and the Series 1998-G Supplement previously filed by the Registrant with the SEC.
Allocations of Collections of Finance Charge Receivables
Allocations of Collections of Principal Receivables
B. Information Regarding the Current Monthly Distribution to Certificateholders (Stated on the Basis of $1,000 Original Certificate Principal Amount). 1. The amount of distribution in respect of Class A Monthly Principal $ 0.000000 _________________________________ 2. The amount of distribution in respect of Class B Monthly Principal $ 0.000000 _________________________________ 3. The amount of distribution in respect of Collateral Monthly Principal $ 0.000000 _________________________________ 4. The amount of distribution in respect of Class A Monthly Interest $ 2.911632 _________________________________ 5. The amount of distribution in respect of Class A Deficiency Amounts $ 0.000000 _________________________________ 6. The amount of distribution in respect of Class A Additional Interest $ 0.000000 _________________________________ 7. The amount of distribution in respect of Class B Monthly Interest $ 3.204410 _________________________________ 8. The amount of distribution in respect of Class B Deficiency Amounts $ 0.000000 _________________________________ 9. The amount of distribution in respect of Class B Additional Interest $ 0.000000 _________________________________ 10. The amount of distribution in respect of Collateral Monthly Interest $ 6.041667 _________________________________
11. The amount of distribution in respect of any accrued and unpaid Collateral Monthly Interest $ 0.000000 _________________________________ C. Information Regarding the Performance of the Trust 1. Collection of Principal Receivables (a) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class A Certificates $ 95,862,743.95 _________________________________ (b) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Class B Certificates $ 8,458,476.13 _________________________________ (c) The aggregate amount of Collections of Principal Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $ 8,458,476.13 _________________________________ 2. Principal Receivables in the Trust (a) The aggregate amount of Principal Receivables in the Trust as of the end of the day on the last day of the related Monthly Period $ 99,421,454,419.62 _________________________________ (b) The amount of Principal Receivables in the Trust represented by the Investor Interest of Series 2001-B as of the end of the day on the last day of the related Monthly Period $ 750,000,000.00 _________________________________ (c) The amount of Principal Receivables in the Trust represented by the Adjusted Investor Interest of Series 2001-B as of the end of the day on the last day of the related Monthly Period $ 750,000,000.00 _________________________________ (d) The amount of Principal Receivables in the Trust represented by the Class A Investor Interest as of the end of the day on the last day of the related Monthly Period $ 637,500,000.00 _________________________________ (e) The amount of Principal Receivables in the Trust represented by the Class A Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $ 637,500,000.00 _________________________________ (f) The amount of Principal Receivables in the Trust represented by the Class B Investor Interest as of the end of the day on the last day of the related Monthly Period $ 56,250,000.00 _________________________________
(g) The amount of Principal Receivables in the Trust represented by the Class B Adjusted Investor Interest as of the end of the day on the last day of the related Monthly Period $ 56,250,000.00 _________________________________ (h) The amount of Principal Receivables in the Trust represented by the Collateral Interest Amount as of the end of the day on the last day of the related Monthly Period $ 56,250,000.00 _________________________________ (i) The amount of Principal Receivables in the Trust represented by the Collateral Interest Adjusted Amount as of the end of the day on the last day of the related Monthly Period $ 56,250,000.00 _________________________________ (j) The Floating Investor Percentage with respect to the period: February 1, 2008 through February 29, 2008 0.74% ___________________________ (k) The Class A Floating Allocation with respect to the related Monthly Period 0.850 ___________________________ (l) The Class B Floating Allocation with respect to the related Monthly Period 0.075 ___________________________ (m) The Collateral Floating Allocation with respect to the related Monthly Period 0.075 ___________________________ (n) The Fixed Investor Percentage with respect to the related Monthly Period N/A ___________________________ (o) The Class A Fixed Allocation with respect to the related Monthly Period N/A ___________________________ (p) The Class B Fixed Allocation with respect to the related Monthly Period N/A ___________________________ (q) The Collateral Fixed Allocation with respect to the related Monthly Period N/A ___________________________ 3. Shared Principal Collections The aggregate amount Shared Principal Collections allocated to: ___________________________ Total $ 0.00 _________________________________ 4. Delinquent Balances The aggregate amount of outstanding balances in the Accounts which were delinquent as of the end of the day on the last day of the related Monthly Period:
Percentage Aggregate of Total Account Receivables Balance (a) 30 - 59 days: 1.65% $ 1,659,311,938.43 _________________ _________________________________ (b) 60 - 89 days: 1.24% $ 1,249,337,896.66 _________________ _________________________________ (c) 90 - 119 days: 1.01% $ 1,016,015,578.47 _________________ _________________________________ (d) 120 - 149 days: 0.92% $ 929,862,179.46 _________________ _________________________________ (e) 150 - 179 days: 0.97% $ 982,905,557.62 _________________ _________________________________ (f) 180 - or more days: 0.00% $ 3,418,173.83 _________________ _________________________________ Total: 5.79% $ 5,840,851,324.47 _________________ _________________________________ 5. Investor Default Amount (a) The Aggregate Investor Default Amount for the related Monthly Period $ 3,775,638.50 _________________________________ (b) The Class A Investor Default Amount for the related Monthly Period $ 3,209,292.78 _________________________________ (c) The Class B Investor Default Amount for the related Monthly Period $ 283,172.86 _________________________________ (d) The Collateral Default Amount for the related Monthly Period $ 283,172.86 _________________________________ 6. Investor Charge Offs (a) The aggregate amount of Class A Investor Charge Offs for the related Monthly Period $ 0.00 _________________________________ (b) The aggregate amount of Class A Investor Charge Offs set forth in 6 (a) above per $1,000 of original certificate principal amount $ 0.00 _________________________________ (c) The aggregate amount of Class B Investor Charge Offs for the related Monthly Period $ 0.00 _________________________________ (d) The aggregate amount of Class B Investor Charge Offs set forth in 6 (c) above per $1,000 of original certificate principal amount $ 0.00 _________________________________ (e) The aggregate amount of Collateral Charge Offs for the related Monthly Period $ 0.00 _________________________________ (f) The aggregate amount of Collateral Charge Offs set forth in 6 (e) above per $1,000 of original certificate principal amount $ 0.00 _________________________________ (g) The aggregate amount of Class A Investor Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 _________________________________
(h) The aggregate amount of Class A Investor Charge Offs set forth in 6 (g) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 _________________________________ (i) The aggregate amount of Class B Investor Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 _________________________________ (j) The aggregate amount of Class B Investor Charge Offs set forth in 6 (i) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 _________________________________ (k) The aggregate amount of Collateral Charge Offs reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 _________________________________ (l) The aggregate amount of Collateral Charge Offs set forth in 6 (k) above per $1,000 original certificate principal amount reimbursed on the Transfer Date immediately preceding this Distribution Date $ 0.00 _________________________________ 7. Investor Servicing Fee (a) The amount of the Class A Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $ 664,062.50 _________________________________ (b) The amount of the Class B Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $ 58,593.75 _________________________________ (c) The amount of the Collateral Servicing Fee payable by the Trust to the Servicer for the related Monthly Period $ 58,593.75 _________________________________ (d) The amount of Servicer Interchange payable by the Trust to the Servicer for the related Monthly Period $ 468,750.00 _________________________________ 8. Reallocations (a) The amount of Reallocated Collateral Principal Collections with respect to this Distribution Date $ 0.00 _________________________________ (b) The amount of Reallocated Class B Principal Collections with respect to this Distribution Date $ 0.00 _________________________________
(c) The Collateral Interest Amount as of the close of business on this Distribution Date $ 56,250,000.00 _________________________________ (d) The Collateral Interest Adjusted Amount as of the close of business on this Distribution Date $ 56,250,000.00 _________________________________ (e) The Class B Investor Interest as of the close of business on this Distribution Date $ 56,250,000.00 _________________________________ (f) The Class B Adjusted Investor Interest as of the close of business on this Distribution Date $ 56,250,000.00 _________________________________ (g) The Class A Investor Interest as of the close of business on this Distribution Date $ 637,500,000.00 _________________________________ (h) The Class A Adjusted Investor Interest as of the close of business on this Distribution Date $ 637,500,000.00 _________________________________ 9. Principal Funding Account (a) The principal amount on deposit in the Principal Funding Account on the related Transfer Date (after taking into account deposits on such date but prior to withdrawals) $ 0.00 _________________________________ (b) The Accumulation Shortfall with respect to the related Monthly Period $ 0.00 _________________________________ (c) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date to be treated as Class A Available Funds $ 0.00 _________________________________ (d) The Principal Funding Investment Proceeds deposited in the Finance Charge Account on the related Transfer Date to be treated as Class B Available Funds $ 0.00 _________________________________ (e) The amount of all or a portion of the Reserve Draw Amount deposited in the Finance Charge Account on the related Transfer Date from the Reserve Account $ 0.00 _________________________________ (1) The Reserve Draw Amount deposited in the Finance Charge Account to be treated as Class A Available Funds $ 0.00 _________________________________ (2) The Reserve Draw Amount deposited in the Finance Charge Account to be treated as Class B Available Funds $ 0.00 _________________________________ (f) Interest earnings on funds on deposit in the Reserve Account deposited in the Finance Charge Account on the related Transfer Date $ 0.00 _________________________________
10. Available Funds (a) The amount of Class A Available Funds on deposit in the Finance Charge Account on the related Transfer Date $ 9,672,573.62 _________________________________ (b) The amount of Class B Available Funds on deposit in the Finance Charge Account on the related Transfer Date $ 853,462.18 _________________________________ (c) The amount of Collateral Available Funds on deposit in the Finance Charge Account on the related Transfer Date $ 853,462.18 _________________________________ 11. Collection of Finance Charge Receivables (a) The aggregate amount of Collections of Finance Charge Receivables processed during the related Monthly Period, any Principal Funding Investment Proceeds and amounts if any withdrawn from the Reserve Account and allocated in respect of the Class A Certificates $ 10,071,011.12 _________________________________ (b) The aggregate amount of Collections of Finance Charge Receivables processed during the related Monthly Period, any Principal Funding Investment Proceeds and amounts if any withdrawn from the Reserve Account and which were allocated in respect of the Class B Certificates $ 888,618.43 _________________________________ (c) The aggregate amount of Collections of Finance Charge Receivables processed during the related Monthly Period which were allocated in respect of the Collateral Interest $ 888,618.43 _________________________________ 12. Portfolio Yield (a) The Portfolio Yield for the related Monthly Period 12.92% _____________________________ (b) The Portfolio Adjusted Yield 5.89% _____________________________ D. Floating Rate Determinations LIBOR rates for the related Interest Period: Class A and Class B determination - 3.12125% _____________________________
FIA CARD SERVICES, NATIONAL ASSOCIATION, Servicer By: /s/ Teresa R. Thomas Name: Teresa R. Thomas Title: Vice President