Chase Bank upsized its first credit card securitization of the year to $1.75 billion on Thursday, according to a regulatory filing. That was more than double the $750 million originally offered.

The class A notes, which were issued off of the Chase Issuance Trust, have a weighted average life of 2.97 years, pay interest of 1.15% a year.

JP Morgan, Barclays and RBC Capital Markets are the lead underwriters on the deal.

Chase follows in the footsteps of Discover Bank, which priced an upsized offering of $800 million credit card-backed notes on Jan. 14. The five-year notes pay interest of one-month Libor plus 43 basis points.

Citigroup is also planning its first credit card securitization of the year, according to a regulatory filing, although that deal has yet to be sized.

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