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) March 12, 2010.
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BA
CREDIT CARD TRUST*
(Exact
name of issuing entity as specified in its charter)
(Issuing
Entity of the Notes)
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BA
MASTER CREDIT CARD TRUST II
(Exact
name of issuing entity as specified in its charter)
(Issuing
Entity of the Collateral
Certificate)
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Commission
File Number of depositor: 333-141948
BA
CREDIT CARD FUNDING, LLC
(Exact
name of depositor as specified in its charter)
FIA
CARD SERVICES, NATIONAL ASSOCIATION
(Exact
name of sponsor as specified in its charter)
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Delaware
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Delaware
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(State
or Other Jurisdiction of Incorporation)
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(State
or Other Jurisdiction of Incorporation)
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c/o
BA Credit Card Funding, LLC
214
North Tryon Street
Suite
#21-39, NC1-027-21-04
Charlotte,
North Carolina 28255
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c/o
BA Credit Card Funding, LLC
214
North Tryon Street
Suite
#21-39, NC1-027-21-04
Charlotte,
North Carolina 28255
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(Address
of Principal Executive Office)
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(Address
of Principal Executive Office)
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(704)
683-4915
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(704)
683-4915
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(Telephone
Number, including area code)
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(Telephone
Number, including area code)
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333-141948-02
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333-141948-01
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(Commission
File Numbers)
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(Commission
File Numbers)
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01-0864848
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01-0864848
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(I.R.S.
Employer Identification No.)
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(I.R.S.
Employer Identification No.)
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N/A
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N/A
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(Former
name or address, if changed since last report)
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(Former
name or address, if changed since last report)
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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 (see General Instruction A.2. below):
o Written communication
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
_________________________________
_________________________________
*
In accordance with relevant regulations of the Securities and Exchange
Commission, the depositor files annual and other reports with the Commission on
behalf of the BA Credit Card Trust and the BA Master Credit Card Trust II under
the Central Index Key (CIK) number (0001128250) for the BA Credit Card
Trust.
Section
8 – Other Events.
Item
8.01. Other Events.
Extension
of Discount Option
As
specifically permitted by Section 2.08 of the Pooling and Servicing Agreement
(the "PSA") for BA Master Credit Card Trust II ("Master Trust II"), on March 1,
2009 BA Credit Card Funding, LLC ("Funding") began designating 6.00% of new
principal receivables in Master Trust II arising on and after such date as
"Discount Option Receivables," and applying collections on those Discount Option
Receivables as finance charge collections. This designation of
Discount Option Receivables, which was initially scheduled to end on September
30, 2009, was extended until March 31, 2010. Funding now expects to
continue to designate 6.00% of new principal receivables arising in Master Trust
II as Discount Option Receivables until September 30, 2010.
Affirmation
of the current ratings on outstanding BA Credit Card Trust and Master Trust II
securities is required to effectuate this extension. Funding can not
guarantee that such affirmations will be forthcoming, or that the discounting of
principal receivables will occur as indicated herein.
SIGNATURES
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 hereunto
duly authorized.
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BA
CREDIT CARD FUNDING, LLC
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Acting
solely in its capacity as
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depositor
of BA Master Credit Card Trust II and
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BA
Credit Card Trust
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| By: /s/ Scott W. McCarthy | |||
| Name: Scott W. McCarthy | |||
| Title: Senior Vice President | |||
| March 12, 2010 | |||