WF Card Issuance Trust
09/15/2025 | Press release | Distributed by Public on 09/15/2025 07:08
Asset-Backed Issuer Distribution Report (Form 10-D)
WF Card Issuance Trust
WFCardSeries Monthly Noteholders' Statement
Monthly Period: August 2025
| End of Monthly Period | August 31, 2025 | |||
| Interest Period | August 15, 2025 | throughSeptember 14, 2025 | ||
| Distribution Date | September 15, 2025 | |||
| Days in Interest Period | 31 |
Reference is made to the Indenture (the "Indenture"), dated as of November 14,2023, and the WFCardSeries Indenture Supplement (the "Indenture Supplement"), dated as of November 14, 2023, each by and among WF Card Issuance Trust, as Issuer, U.S. Bank Trust Company, National Association, as Indenture Trustee and Note Registrar, and U.S. Bank National Association, as Bank. Terms used herein and not defined herein have the meanings ascribed to them in the Indenture and the Indenture Supplement, as applicable. Each of the Indenture and the Indenture Supplement has been included as an exhibit to a report on Form 8-K (the "Form 8-K) filed by WF Card Funding, LLC and the WF Card Issuance Trust with the Securities and Exchange Commission under Central Index Key (CIK) Nos. 0001833590 and 0001833494, respectively, on November 14, 2023.
The following computations are prepared with respect to the Transfer Date of September 12, 2025 and with respect to the performance of the Collateral during the related Monthly Period.
| Beginning | Ending | |||||||
|
Number of Accounts (1) |
3,223,832 | 3,218,763 | ||||||
|
Principal Receivables |
$ | 9,267,366,684.12 | $ | 9,291,711,028.68 | ||||
|
Finance Charge Receivables |
$ | 96,197,820.34 | $ | 96,702,346.23 | ||||
|
Discount Option Receivables |
$ | 0.00 | $ | 0.00 | ||||
|
Total Receivables |
$ | 9,363,564,504.46 | $ | 9,388,413,374.91 | ||||
|
Increase in Principal Receivables from Additional Accounts |
$ | 0.00 | ||||||
|
Increase in Finance Charge Receivables from Additional Accounts |
$ | 0.00 | ||||||
|
Increase in Discount Option Receivables from Additional Accounts |
$ | 0.00 | ||||||
|
Decrease in Principal Receivables due to Removed Accounts |
$ | 0.00 | ||||||
|
Decrease in Finance Charge Receivables due to Removed Accounts |
$ | 0.00 | ||||||
|
Decrease in Discount Option Receivables due to Removed Accounts |
$ | 0.00 | ||||||
|
Average Principal Receivables |
$ | 9,198,420,287.10 | ||||||
| (1) |
Accounts include certain accounts that have been closed and have a balance. |
Page 1 of 11
II. Transferor Interest
|
End of Monthly Period Excess Funding Account Balance |
$ | 0.00 | ||
|
End of Monthly Period Minimum Transferor Interest |
$ | 464,585,551.43 | ||
|
End of Monthly Period Transferor Interest |
$ | 4,041,711,028.68 | ||
|
Seller's Interest percentage (2) |
76.98 | % | ||
|
E.U. Risk Retention (3) |
43.50 | % |
| (2) |
Seller's Interest is calculated as End of Monthly Period Transferor Interest divided by the aggregate unpaid principal balance of the outstanding notes issued by the Issuer (including notes held for the life of such notes by Wells Fargo Bank, National Association or its wholly-owned affiliates). Wells Fargo Bank, National Association, as sponsor, currently complies with the U.S. risk retention rules through retention by WF Card Funding, LLC of a "seller's interest," in the form of the Transferor Interest. |
| (3) |
E.U. Risk Retention is calculated as End of Monthly Period Transferor Interest divided by End of the Month Principal Receivables. Wells Fargo Bank, National Association, as "originator" for the purposes of the EU risk retention rules, currently retains a material net economic interest that is not less than five percent of the nominal value of the securitized exposure, which interest is not subject to any credit risk mitigation, short position or other hedge, except to the extent permitted by the EU risk retention rules. |
III. Collections and Allocations
| Trust | Series Allocation | |||||||
|
Principal Receivables Collections |
$ | 3,470,606,855.68 | $ | 1,966,112,562.04 | ||||
|
Other Items |
$ | 14,161,624.85 | ||||||
|
Available Principal Amounts |
$ | 1,980,274,186.89 | ||||||
|
Finance Charge Receivables Collections Excluding Interchange and Investment Earnings |
$ | 128,527,269.92 | $ | 72,811,208.64 | ||||
|
Discount Option Receivables Finance Charge Collections |
$ | 0.00 | $ | 0.00 | ||||
|
Yield from Finance Charges Collected (4) |
16.77 | % | ||||||
|
Interchange |
$ | 69,369,843.20 | $ | 69,369,843.20 | ||||
|
Yield from Interchange (5) |
9.05 | % | ||||||
|
Investment Earnings |
$ | 0.00 | $ | 0.00 | ||||
|
Other Items |
$ | 0.00 | ||||||
|
Available Funds |
$ | 142,181,051.84 | ||||||
|
Default Amounts |
$ | 24,998,279.97 | $ | 14,161,624.85 | ||||
|
Servicer Interchange |
$ | 3,281,250.00 | ||||||
|
Net Servicing Fee |
$ | 5,468,750.00 | ||||||
|
Total Servicing Fee |
$ | 15,330,700.48 | $ | 8,750,000.00 | ||||
|
Weighted Average Available Funds Allocation Amount |
$ | 5,250,000,000.00 | ||||||
|
Average Principal Investor Percentage |
56.6504 | % | ||||||
|
Average Floating Investor Percentage |
56.6504 | % | ||||||
| (4) |
Yield from Finance Charges Collected is calculated as Finance Charge Receivables Collections Excluding Interchange and Investment Earnings plus Discount Option Receivables Finance Charge Collections divided by Average Principal Receivables, as calculated in the trust receivables section above annualized on a 30/360 basis. |
| (5) |
Yield from Interchange is calculated as Interchange divided by Average Principal Receivables, as calculated in the trust receivables section above annualized on a 30/360 basis. |
Page 2 of 11
IV. End of Month Delinquencies
|
Number of Accounts |
Percentage of Total Number of Accounts |
Total Receivables |
Percentage of Total Receivables |
|||||||||||||
|
30 to 59 Days Delinquent |
4,845 | 0.15 | % | $ | 38,850,130.99 | 0.41 | % | |||||||||
|
60 to 89 Days Delinquent |
3,421 | 0.11 | % | $ | 30,460,363.89 | 0.32 | % | |||||||||
|
90 to 119 Days Delinquent |
2,766 | 0.09 | % | $ | 26,944,392.19 | 0.29 | % | |||||||||
|
120 to 149 Days Delinquent |
2,485 | 0.08 | % | $ | 24,179,951.64 | 0.26 | % | |||||||||
|
150 to 179 Days Delinquent |
2,163 | 0.07 | % | $ | 21,177,713.81 | 0.23 | % | |||||||||
|
180 or More Days Delinquent |
3 | 0.00 | % | $ | 20,040.33 | 0.00 | % | |||||||||
|
Total |
15,683 | 0.50 | % | $ | 141,632,592.85 | 1.51 | % | |||||||||
|
Three-Month Average 60+ Delinquency Rate |
1.07 | % | ||
|
Does the Three-Month Average 60+ Day Delinquency Rate equal or exceed the Delinquency Trigger Rate? |
N |
V. Charge-Offs
|
Number of Accounts experiencing a Charge-Off |
3,550 | |||
|
Default Amounts |
$ | 24,998,279.97 | ||
|
Less: Recovery Amounts |
$ | 2,042,302.62 | ||
|
Net Charge-Offs |
$ | 22,955,977.35 | ||
|
Average Net Charge-Off of Accounts experiencing a Charge-Off |
$ | 6,466.47 |
|
August Monthly Period |
July Monthly Period |
June Monthly Period |
||||||||||
|
Gross Charge-Off Rate (6) |
3.26 | % | 3.26 | % | 3.19 | % | ||||||
|
Net Charge-Off Rate (7) |
2.99 | % | 2.96 | % | 2.99 | % | ||||||
| (6) |
Gross Charge-Off Rate is calculated as Default Amounts as calculated in Section V divided by Average Principal Receivables, as calculated in the trust receivables section above annualized on a 30/360 basis. |
| (7) |
Net Charge-Off Rate is calculated as Net Charge-Offs as calculated in Section V divided by Average Principal Receivables, as calculated in the trust receivables section above annualized on a 30/360 basis. |
Page 3 of 11
VI. WFCardSeries Performance Data
|
August Monthly Period |
July Monthly Period |
June Monthly Period |
||||||||||
|
Yield (8) |
32.50 | % | 32.28 | % | 33.08 | % | ||||||
|
Plus: Yield - Collections Of Discount Receivables |
0.00 | % | 0.00 | % | 0.00 | % | ||||||
|
Less: Investor Default Amounts |
3.24 | % | 3.25 | % | 3.46 | % | ||||||
|
(a) Portfolio Yield |
29.26 | % | 29.04 | % | 29.62 | % | ||||||
|
Weighted Average Interest Rates |
4.89 | % | 4.89 | % | 4.89 | % | ||||||
|
Plus: Servicer Interchange |
0.75 | % | 0.75 | % | 0.75 | % | ||||||
|
Plus: Net Servicing Fee |
1.25 | % | 1.25 | % | 1.25 | % | ||||||
|
(b) Base Rate |
6.89 | % | 6.89 | % | 6.89 | % | ||||||
|
Excess Available Funds Percentage |
22.37 | % | 22.15 | % | 22.73 | % | ||||||
|
Quarterly Excess Available Funds Percentage |
22.42 | % | 26.05 | % | 30.05 | % | ||||||
|
Principal Payment Rate (9) |
37.45 | % | 37.80 | % | 36.85 | % | ||||||
| (8) |
WFCardSeries Yield includes 100% allocation of gross interchange plus pro-rata (based on the applicable Floating Investor Percentage) allocation of finance charge receivables collected. |
| (9) |
Principal Payment Rate is calculated as Principal Receivables Collections from Section III above divided by the Principal Receivables balance at the beginning of the Monthly Period. If an Account Addition or Removal occurs during the Monthly Period, a Weighted Average Principal Receivables balance is used. The weighted average is calculated using the Beginning of Period Principal Receivables balance for the number of days up to the Account Addition or Removal Date. The balance is reset to the Beginning Principal Receivables balance on the Account Addition or Removal Date plus the Principal Receivables balance for the Addition or Removal. This balance is used for the remaining days in the Monthly Period. The sum of the Principal Receivables are then divided by the days in the Monthly Period to calculate the average. |
VII. Information Regarding the Current Distribution to Noteholders
|
Tranche |
Fixed/Floating |
Variable Index |
Variable Index Rate |
Note Interest Rate |
Interest Distribution |
Principal Distribution |
Total Distribution |
|||||||||||||||||||||
|
Class A |
||||||||||||||||||||||||||||
|
A2024-1 |
Fixed | N/A | N/A | 4.94 | % | $ | 5,145,833.33 | $ | 0.00 | $ | 5,145,833.33 | |||||||||||||||||
|
A2024-2 |
Fixed | N/A | N/A | 4.29 | % | $ | 3,575,000.00 | $ | 0.00 | $ | 3,575,000.00 | |||||||||||||||||
|
A2025-1 |
Fixed | N/A | N/A | 4.34 | % | $ | 5,425,000.00 | $ | 0.00 | $ | 5,425,000.00 | |||||||||||||||||
|
Total |
$ | 14,145,833.33 | $ | 0.00 | $ | 14,145,833.33 | ||||||||||||||||||||||
|
Class B |
||||||||||||||||||||||||||||
|
B2024-1 |
Fixed | N/A | N/A | 5.27 | % | $ | 1,646,875.00 | $ | 0.00 | $ | 1,646,875.00 | |||||||||||||||||
|
B2025-1 |
Fixed | N/A | N/A | 5.34 | % | $ | 1,668,750.00 | $ | 0.00 | $ | 1,668,750.00 | |||||||||||||||||
|
Total |
$ | 3,315,625.00 | $ | 0.00 | $ | 3,315,625.00 | ||||||||||||||||||||||
|
Class C |
||||||||||||||||||||||||||||
|
C2024-1 |
Fixed | N/A | N/A | 5.81 | % | $ | 1,180,156.25 | $ | 0.00 | $ | 1,180,156.25 | |||||||||||||||||
|
C2025-1 |
Fixed | N/A | N/A | 5.69 | % | $ | 1,155,781.25 | $ | 0.00 | $ | 1,155,781.25 | |||||||||||||||||
|
Total |
$ | 2,335,937.50 | $ | 0.00 | $ | 2,335,937.50 | ||||||||||||||||||||||
|
Class D |
||||||||||||||||||||||||||||
|
D2024-1 |
Fixed | N/A | N/A | 7.51 | % | $ | 821,406.25 | $ | 0.00 | $ | 821,406.25 | |||||||||||||||||
|
D2025-1 |
Fixed | N/A | N/A | 7.15 | % | $ | 782,031.25 | $ | 0.00 | $ | 782,031.25 | |||||||||||||||||
|
Total |
$ | 1,603,437.50 | $ | 0.00 | $ | 1,603,437.50 | ||||||||||||||||||||||
|
Total |
4.89 | % | $ | 21,400,833.33 | $ | 0.00 | $ | 21,400,833.33 | ||||||||||||||||||||
Page 4 of 11
VIII. Information Regarding the Tranches of Notes of the WFCardSeries
A. Principal Amounts as of the Distribution Date
|
Tranche |
Initial Dollar Principal Amount |
Outstanding Dollar Principal Amount |
Adjusted Outstanding Dollar Principal Amount |
Expected Principal Payment Date |
Legal Final Maturity Date |
|||||||||||||||
|
Class A |
||||||||||||||||||||
|
A2024-1 |
$ | 1,250,000,000.00 | $ | 1,250,000,000.00 | $ | 1,250,000,000.00 | 02/16/2027 | 02/15/2029 | ||||||||||||
|
A2024-2 |
$ | 1,000,000,000.00 | $ | 1,000,000,000.00 | $ | 1,000,000,000.00 | 10/15/2027 | 10/15/2029 | ||||||||||||
|
A2025-1 |
$ | 1,500,000,000.00 | $ | 1,500,000,000.00 | $ | 1,500,000,000.00 | 05/15/2028 | 05/15/2030 | ||||||||||||
|
Total |
$ | 3,750,000,000.00 | $ | 3,750,000,000.00 | $ | 3,750,000,000.00 | ||||||||||||||
|
Class B |
||||||||||||||||||||
|
B2024-1 |
$ | 375,000,000.00 | $ | 375,000,000.00 | $ | 375,000,000.00 | 01/15/2031 | 01/18/2033 | ||||||||||||
|
B2025-1 |
$ | 375,000,000.00 | $ | 375,000,000.00 | $ | 375,000,000.00 | 05/17/2032 | 05/15/2034 | ||||||||||||
|
Total |
$ | 750,000,000.00 | $ | 750,000,000.00 | $ | 750,000,000.00 | ||||||||||||||
|
Class C |
||||||||||||||||||||
|
C2024-1 |
$ | 243,750,000.00 | $ | 243,750,000.00 | $ | 243,750,000.00 | 01/15/2031 | 01/18/2033 | ||||||||||||
|
C2025-1 |
$ | 243,750,000.00 | $ | 243,750,000.00 | $ | 243,750,000.00 | 05/17/2032 | 05/15/2034 | ||||||||||||
|
Total |
$ | 487,500,000.00 | $ | 487,500,000.00 | $ | 487,500,000.00 | ||||||||||||||
|
Class D |
||||||||||||||||||||
|
D2024-1 |
$ | 131,250,000.00 | $ | 131,250,000.00 | $ | 131,250,000.00 | 01/15/2031 | 01/18/2033 | ||||||||||||
|
D2025-1 |
$ | 131,250,000.00 | $ | 131,250,000.00 | $ | 131,250,000.00 | 05/17/2032 | 05/15/2034 | ||||||||||||
|
Total |
$ | 262,500,000.00 | $ | 262,500,000.00 | $ | 262,500,000.00 | ||||||||||||||
|
Total |
$ | 5,250,000,000.00 | $ | 5,250,000,000.00 | $ | 5,250,000,000.00 | ||||||||||||||
Page 5 of 11
B. Nominal Liquidation Amount
|
Tranche |
Beginning Nominal Liquidation Amount |
Increases from amounts withdrawn from the Principal Funding Sub-Account in respect of Prefunding Excess Amount |
Reimburse- ments of prior Nominal Liquidation Amount Deficits from WFCardSeries Available Funds |
Increase due to additional notes issued |
Reductions due to reallocations of WFCardSeries Available Principal Amounts |
Investor ChargeOffs |
Reductions due to amounts deposited to the Principal Funding Sub-Account |
Ending Nominal Liquidation Amount |
||||||||||||||||||||||||
|
Class A |
||||||||||||||||||||||||||||||||
|
A2024-1 |
$ | 1,250,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,250,000,000.00 | ||||||||||||||||
|
A2024-2 |
$ | 1,000,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,000,000,000.00 | ||||||||||||||||
|
A2025-1 |
$ | 1,500,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 1,500,000,000.00 | ||||||||||||||||
|
Total |
$ | 3,750,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 3,750,000,000.00 | ||||||||||||||||
|
Class B |
||||||||||||||||||||||||||||||||
|
B2024-1 |
$ | 375,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 375,000,000.00 | ||||||||||||||||
|
B2025-1 |
$ | 375,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 375,000,000.00 | ||||||||||||||||
|
Total |
$ | 750,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 750,000,000.00 | ||||||||||||||||
|
Class C |
||||||||||||||||||||||||||||||||
|
C2024-1 |
$ | 243,750,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 243,750,000.00 | ||||||||||||||||
|
C2025-1 |
$ | 243,750,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 243,750,000.00 | ||||||||||||||||
|
Total |
$ | 487,500,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 487,500,000.00 | ||||||||||||||||
|
Class D |
||||||||||||||||||||||||||||||||
|
D2024-1 |
$ | 131,250,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 131,250,000.00 | ||||||||||||||||
|
D2025-1 |
$ | 131,250,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 131,250,000.00 | ||||||||||||||||
|
Total |
$ | 262,500,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 262,500,000.00 | ||||||||||||||||
|
Total |
$ | 5,250,000,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 5,250,000,000.00 | ||||||||||||||||
Page 6 of 11
C. Interest Funding Sub-Accounts
|
Tranche |
Beginning balance Interest Funding Sub-Account Balances |
Note Interest accrued during the current Interest Period |
Previous shortfall of targeted deposit |
Targeted deposit |
Actual deposit on Transfer Date |
Amount withdrawn for distribution to Noteholders |
Other Withdrawals |
Interest Funding Sub- Account Earnings |
Ending balance Interest Funding Sub-Account Balances |
|||||||||||||||||||||||||||
|
Class A |
||||||||||||||||||||||||||||||||||||
|
A2024-1 |
$ | 0.00 | $ | 5,145,833.33 | $ | 0.00 | $ | 5,145,833.33 | $ | 5,145,833.33 | $ | 5,145,833.33 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
A2024-2 |
$ | 0.00 | $ | 3,575,000.00 | $ | 0.00 | $ | 3,575,000.00 | $ | 3,575,000.00 | $ | 3,575,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
A2025-1 |
$ | 0.00 | $ | 5,425,000.00 | $ | 0.00 | $ | 5,425,000.00 | $ | 5,425,000.00 | $ | 5,425,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Total |
$ | 0.00 | $ | 14,145,833.33 | $ | 0.00 | $ | 14,145,833.33 | $ | 14,145,833.33 | $ | 14,145,833.33 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Class B |
||||||||||||||||||||||||||||||||||||
|
B2024-1 |
$ | 0.00 | $ | 1,646,875.00 | $ | 0.00 | $ | 1,646,875.00 | $ | 1,646,875.00 | $ | 1,646,875.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
B2025-1 |
$ | 0.00 | $ | 1,668,750.00 | $ | 0.00 | $ | 1,668,750.00 | $ | 1,668,750.00 | $ | 1,668,750.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Total |
$ | 0.00 | $ | 3,315,625.00 | $ | 0.00 | $ | 3,315,625.00 | $ | 3,315,625.00 | $ | 3,315,625.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Class C |
||||||||||||||||||||||||||||||||||||
|
C2024-1 |
$ | 0.00 | $ | 1,180,156.25 | $ | 0.00 | $ | 1,180,156.25 | $ | 1,180,156.25 | $ | 1,180,156.25 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
C2025-1 |
$ | 0.00 | $ | 1,155,781.25 | $ | 0.00 | $ | 1,155,781.25 | $ | 1,155,781.25 | $ | 1,155,781.25 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Total |
$ | 0.00 | $ | 2,335,937.50 | $ | 0.00 | $ | 2,335,937.50 | $ | 2,335,937.50 | $ | 2,335,937.50 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Class D |
||||||||||||||||||||||||||||||||||||
|
D2024-1 |
$ | 0.00 | $ | 821,406.25 | $ | 0.00 | $ | 821,406.25 | $ | 821,406.25 | $ | 821,406.25 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
D2025-1 |
$ | 0.00 | $ | 782,031.25 | $ | 0.00 | $ | 782,031.25 | $ | 782,031.25 | $ | 782,031.25 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Total |
$ | 0.00 | $ | 1,603,437.50 | $ | 0.00 | $ | 1,603,437.50 | $ | 1,603,437.50 | $ | 1,603,437.50 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Total |
$ | 0.00 | $ | 21,400,833.33 | $ | 0.00 | $ | 21,400,833.33 | $ | 21,400,833.33 | $ | 21,400,833.33 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
Page 7 of 11
D. Accumulation Reserve Sub-Accounts
|
Tranche |
Beginning balance Accumulation Reserve Sub-Account Balances |
Accumulation Reserve Sub-Account Earnings |
Targeted deposit |
Actual deposit on the Transfer Date |
Amount withdrawn to cover PFA Accumulation Earnings Shortfall |
Withdrawal of excess amounts |
Ending balance Accumulation Reserve Sub-Account Balances |
|||||||||||||||||||||
|
Class A |
||||||||||||||||||||||||||||
|
A2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
A2024-2 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
A2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Class B |
||||||||||||||||||||||||||||
|
B2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
B2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Class C |
||||||||||||||||||||||||||||
|
C2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
C2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Class D |
||||||||||||||||||||||||||||
|
D2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
D2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||
Page 8 of 11
E. Principal Funding Sub-Accounts
|
Tranche |
Beginning balance Principal Funding Sub-Account Balances |
Previous shortfall of targeted deposit |
Targeted deposit |
Actual deposit on Transfer Date |
Amount withdrawn for distribution to Noteholders |
Other Withdrawals |
Principal Funding Sub-Account Earnings |
Ending balance Principal Funding Sub-Account Balances |
||||||||||||||||||||||||
|
Class A |
||||||||||||||||||||||||||||||||
|
A2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
A2024-2 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
A2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Class B |
||||||||||||||||||||||||||||||||
|
B2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
B2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Class C |
||||||||||||||||||||||||||||||||
|
C2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
C2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Class D |
||||||||||||||||||||||||||||||||
|
D2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
D2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
F. Class C Reserve Sub-Accounts
|
Tranche |
Beginning balance Class C Reserve Sub-Account Balances |
Class C Reserve Issuer Deposit Due to New Tranche Issuance |
Class C Reserve Sub-Account Earnings |
Targeted deposit |
Actual deposit on Transfer Date |
Amount withdrawn for application to Class C Notes |
Withdrawal of excess amounts |
Ending balance Class C Reserve Sub-Account Balances |
||||||||||||||||||||||||
|
C2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
C2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||
G. Class D Reserve Sub-Accounts
|
Tranche |
Beginning balance Class D Reserve Sub-Account Balances |
Class D Reserve Issuer Deposit Due to New Tranche Issuance |
Class D Reserve Sub-Account Earnings |
Targeted deposit |
Actual deposit on Transfer Date |
Amount withdrawn for application to Class D Notes |
Withdrawal of excess amounts |
Ending balance Class D Reserve Sub-Account Balances |
||||||||||||||||||||||||
|
D2024-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
D2025-1 |
$ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||
|
Total |
$ | 0.00 | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||
Page 9 of 11
H. Class A Unused Subordinated Amount; Class A Usage of Class B, Class C, and Class D Subordinated Amounts
|
Tranche |
Class A Required Subordinated Amount of Class B Notes |
Class A Required Subordinated Amount of Class C Notes |
Class A Required Subordinated Amount of Class D Notes |
Class A Unused Subordinated Amount of Class B Notes |
Class A Unused Subordinated Amount of Class C Notes |
Class A Unused Subordinated Amount of Class D Notes |
Class A Cumulative Usage of Class B Subordinated Amount |
Class A Cumulative Usage of Class C Subordinated Amount |
Class A Cumulative Usage of Class D Subordinated Amount |
|||||||||||||||||||||||||||
|
A2024-1 |
$ | 156,250,000.00 | $ | 101,562,500.00 | $ | 54,687,500.00 | $ | 156,250,000.00 | $ | 101,562,500.00 | $ | 54,687,500.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
A2024-2 |
$ | 125,000,000.00 | $ | 81,250,000.00 | $ | 43,750,000.00 | $ | 125,000,000.00 | $ | 81,250,000.00 | $ | 43,750,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
A2025-1 |
$ | 187,500,000.00 | $ | 121,875,000.00 | $ | 65,625,000.00 | $ | 187,500,000.00 | $ | 121,875,000.00 | $ | 65,625,000.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
|
Total |
$ | 468,750,000.00 | $ | 304,687,500.00 | $ | 164,062,500.00 | $ | 468,750,000.00 | $ | 304,687,500.00 | $ | 164,062,500.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||
I. Class B Unused Subordinated Amount; Class B Usage of Class C and Class D Subordinated Amounts
|
Tranche |
Class B Required Subordinated Amount of Class C Notes |
Class B Required Subordinated Amount of Class D Notes |
Class B Unused Subordinated Amount of Class C Notes |
Class B Unused Subordinated Amount of Class D Notes |
Class B Cumulative Usage of Class C Required Subordinated Amount |
Class B Cumulative Usage of Class D Required Subordinated Amount |
||||||||||||||||||
|
B2024-1 |
$ | 162,499,996.88 | $ | 87,500,001.56 | $ | 162,499,996.88 | $ | 87,500,001.56 | $ | 0.00 | $ | 0.00 | ||||||||||||
|
B2025-1 |
$ | 162,499,996.88 | $ | 87,500,001.56 | $ | 162,499,996.88 | $ | 87,500,001.56 | $ | 0.00 | $ | 0.00 | ||||||||||||
|
Total |
$ | 324,999,993.76 | $ | 175,000,003.12 | $ | 324,999,993.76 | $ | 175,000,003.12 | $ | 0.00 | $ | 0.00 | ||||||||||||
J. Class C Unused Subordinated Amount; Class C Usage of Class D Subordinated Amounts
|
Tranche |
Class C Required Subordinated Amount of Class D Notes |
Class C Unused Subordinated Amount of Class D Notes |
Class C Cumulative Usage of Class D Required Subordinated Amount |
|||||||||
|
C2024-1 |
$ | 90,446,890.42 | $ | 90,446,890.42 | $ | 0.00 | ||||||
|
C2025-1 |
$ | 90,446,890.42 | $ | 90,446,890.42 | $ | 0.00 | ||||||
|
Total |
$ | 180,893,780.84 | $ | 180,893,780.84 | $ | 0.00 | ||||||
Page 10 of 11
IX. Early Redemption Events
|
Is the amount of Excess Available Funds averaged over the three preceding Monthly Periods less than the Required Excess Available Funds? |
No | |
|
Has an Early Redemption Event, or an event that with the giving of notice or other action would constitute an Early Redemption Event, occurred? |
No |
X. Investor Communication Requests
No activity to report
XI. Repurchase Demand Activity (Rule 15Ga-1)
No activity to report
Wells Fargo Bank, National Association filed its most recent Form ABS-15G with respect to WF Card Issuance Trust with the SEC on February 6, 2025. Wells Fargo Bank, National Association's Central Index Key number is 0000740906.
XII. Asset Review
Information required by Item 1121(d)(1) of Regulation AB concerning the Trust:
No activity to report
Information required by Item 1121(d)(2) of Regulation AB concerning the Trust:
There has been no change to the Asset Representation Reviewer during the Monthly Period.
IN WITNESS WHEREOF, the undersigned has duly executed this Monthly Noteholder's Statement as of September 10, 2025 Wells Fargo Bank, National Association, as Servicer
| By: | /s/ W. Bynum Sharpe | |
| Name: | W. Bynum Sharpe | |
| Title: | Executive Director |
Page 11 of 11
WF Card Issuance Trust published this content on September 15, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 15, 2025 at 13:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]