Exhibit 33.1

Managements Report on Assessment of Compliance with Applicable Servicing Criteria

PNC Bank, National Association, successor to National City Bank (the Asserting Party or the Servicer) is responsible for
assessing compliance as of December 31, 2011 and for the period from January 1, 2011 through December 31, 2011 (the Reporting Period), with the servicing criteria set forth in Title 17, Section 229.1122(d) of the Code
of Federal Regulations (the CFR), excluding the inapplicable servicing criteria as set forth in Exhibit A hereto (such criteria, after giving effect to the exclusions identified on Exhibit A, the Applicable Servicing
Criteria). The transactions covered by this report include all asset-backed securities transactions conducted by National City Credit Card Master Note Trust that were registered with the Securities and Exchange Commission pursuant to the
Securities Act of 1933 where the related asset-backed securities were outstanding at any one time during the Reporting Period (the Platform) as listed in Exhibit B hereto.

The Asserting Party has engaged certain vendors, which are not deemed to be servicers as defined in Item 1101(j) of Regulation AB (the Vendors), to perform specific and limited activities
or activities scripted by the Asserting Party as of and during the Reporting Period, and the Asserting Party elects to take responsibility for assessing compliance with the Applicable Servicing Criteria or portion of the servicing criteria
applicable to such Vendors as set forth in Exhibit A hereto (such criteria, the Applicable Vendor Servicing Criteria).

The
Asserting Party has policies and procedures in place designed to provide reasonable assurance that the Vendors activities comply in all material respects with the Applicable Vendor Servicing Criteria. The Asserting Party (i) has not
identified and is not aware of any material instance of noncompliance by the Vendors with the Applicable Vendor Servicing Criteria and (ii) has not identified any material deficiency in its policies and procedures to monitor the compliance by
the Vendors with the Applicable Vendor Servicing Criteria as of December 31, 2011 and for the Reporting Period.

The Asserting Party
(i) has used the criteria set forth in 17 CFR 229.1122(d) to assess the compliance by the Asserting Party with the Applicable Servicing Criteria for the Reporting Period and (ii) has concluded that the Asserting Party has complied, in all
material respects, with the Applicable Servicing Criteria as of December 31, 2011 and for the Reporting Period with respect to the Platform taken as a whole.

PricewaterhouseCoopers LLP, an independent registered public accounting firm, has issued an attestation report for the Platform on our assessment of compliance with the Applicable Servicing Criteria as of
December 31, 2011 and for the Reporting Period as set forth in this report.

[Signature Page to Follow]



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|                               |  |                                                            
|------------------------------ |  | -----------------------------------------------------------
|PNC Bank, National Association
|                               | 
|Signed:                        |  | /s/ Andrew D. Widner                                       
|Date:                          |  | Name: Andrew D. Widner
Title: Vice President March 27,
2012



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EXHIBIT A



|                                   |  |                                                                                                                                                                                                                                                                   |  |                             |  |                        |  |         
|---------------------------------- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------- |  | ---------------------- |  | --------
|                                   |  |                                                                                                                                                                                                                                                                   |  | APPLICABLESERVICINGCRITERIA |  |                       
|SERVICING CRITERIA                 |  | Performed by                                                                                                                                                                                                                                                      |  | Performed by                |  | INAPPLICABLE SERVICING
|Reference                          |  | Criteria                                                                                                                                                                                                                                                          |  | Servicer                    |  | Vendor(s)              |  | CRITERIA
|General Servicing Considerations  
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(1)(i)                      |  | Policies and procedures are instituted to monitor any performance or other triggers and events of default in accordance with the transaction agreements.                                                                                                          |  | X1                          |  |                        |  |         
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(1)(ii)                     |  | If any material servicing activities are outsourced to third parties, policies and procedures are instituted to monitor the third partys performance and compliance with
such servicing activities.                                                              |  | X                           |  |                        |  |         
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(1)(iii)                    |  | Any requirements in the transaction agreements to maintain a back-up servicer for the pool assets are maintained.                                                                                                                                                 |  |                             |  |                        |  | X       
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(1)(iv)                     |  | A fidelity bond and errors and omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage
required by and otherwise in accordance with the terms of the transaction agreements. |  | X                           |  |                        |  |         
|                                  
|Cash Collection and Administration
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(2)(i)                      |  | Payments on pool assets are deposited into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days of receipt, or such other
number of days specified in the transaction agreements.                            |  | X                           |  | X2                     |  |         
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(2)(ii)                     |  | Disbursements made via wire transfer on behalf of an obligor or to an investor are made only by authorized personnel.                                                                                                                                             |  | X                           |  |                        |  |         
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(2)(iii)                    |  | Advances of funds or guarantees regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as
specified in the transaction agreements.                                         |  |                             |  |                        |  | X       
|                                   |  |                                                                                                                                                                                                                                                                   |  |                            
|1122(d)(2)(iv)                     |  | The related accounts for the transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect
to commingling of cash) as set forth in the transaction agreements.            |  | X                           |  |                        |  |         



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|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                             |  |                        |  |         
|---------------------------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------- |  | ---------------------- |  | --------
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | APPLICABLESERVICINGCRITERIA |  |                       
|SERVICING CRITERIA                 |  | Performed by                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |  | Performed by                |  | INAPPLICABLE SERVICING
|Reference                          |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |  | Servicer                    |  | Vendor(s)              |  | CRITERIA
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                            
|1122(d)(2)(v)                      |  | Each custodial account is maintained at a federally insured depository institution as set forth in the transaction agreements. For purposes of this criterion, federally
insured depository institution with respect to a foreign financial institution means a foreign financial institution that meets the requirements of Rule 13k-1(b)(1) of the Securities Exchange Act.                                                                                                                                                                                                                                                                                                                      |  | X                           |  |                        |  |         
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                            
|1122(d)(2)(vi)                     |  | Unissued checks are safeguarded so as to prevent unauthorized access.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |  |                             |  |                        |  | X       
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                            
|1122(d)(2)(vii)                    |  | Reconciliations are prepared on a monthly basis for all asset-backed securities related bank accounts, including custodial accounts and related bank clearing accounts. These
reconciliations are (A) mathematically accurate; (B) prepared within 30 calendar days after the bank statement cutoff date, or such other number of days specified in the transaction agreements; (C) reviewed and approved by someone other than the
person who prepared the reconciliation; and (D) contain explanations for reconciling items. These reconciling items are resolved within 90 calendar days of their original identification, or such other number of days specified in the transaction
agreements. |  | X                           |  |                        |  |         
|                                  
|Investor Remittances and Reporting
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                            
|1122(d)(3)(i)                      |  | Reports to investors, including those to be filed with the Commission, are maintained in accordance with the transaction agreements and applicable Commission requirements.
Specifically, such reports (A) are prepared in accordance with timeframes and other terms set forth in the transaction agreements; (B) provide information calculated in accordance with the terms specified in the transaction agreements; (C) are filed
with the Commission as required by its rules and regulations; and (D) agree with investors or the trustees records as to the total unpaid principal balance and number of pool assets serviced by the Servicer.                                              |  | X                           |  |                        |  |         
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                            
|1122(d)(3)(ii)                     |  | Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |  | X3                          |  |                        |  |         
|                                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                            
|1122(d)(3)(iii)                    |  | Disbursements made to an investor are posted within two business days to the Servicers investor records, or such other number of days specified in the transaction
agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  |                             |  |                        |  | X       



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|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                             |  |                        |  |         
|------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | --------------------------- |  | ---------------------- |  | --------
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  | APPLICABLESERVICINGCRITERIA |  |                       
|SERVICING CRITERIA        |  | Performed by                                                                                                                                                                                                                                                                                                                                                                                                 |  | Performed by                |  | INAPPLICABLE SERVICING
|Reference                 |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                     |  | Servicer                    |  | Vendor(s)              |  | CRITERIA
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(3)(iv)            |  | Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements.                                                                                                                                                                                                                                                                  |  | X4                          |  |                        |  |         
|                         
|Pool Asset Administration
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(i)             |  | Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents.                                                                                                                                                                                                                                                                               |  |                             |  |                        |  | X       
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(ii)            |  | Pool asset and related documents are safeguarded as required by the transaction agreements                                                                                                                                                                                                                                                                                                                   |  | X                           |  |                        |  |         
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(iii)           |  | Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction
agreements.                                                                                                                                                                                                                                  |  | X                           |  |                        |  |         
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(iv)            |  | Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicers obligor records maintained no more than
two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related pool asset documents. |  | X                           |  | X5                     |  |         
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(v)             |  | The Servicers records regarding the pool assets agree with the Servicers records with respect to an obligors unpaid principal balance.                                                                                                                                                                                                                                                                    |  | X                           |  |                        |  |         
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(vi)            |  | Changes with respect to the terms or status of an obligors pool asset (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in
accordance with the transaction agreements and related pool asset documents.                                                                                                                                                       |  | X                           |  |                        |  |         
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(vii)           |  | Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted
and concluded in accordance with the timeframes or other requirements established by the transaction agreements.                                                                                                       |  | X                           |  |                        |  |         
|                          |  |                                                                                                                                                                                                                                                                                                                                                                                                              |  |                            
|1122(d)(4)(viii)          |  | Records documenting collection efforts are maintained during the period a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at
least a monthly basis, or such other period specified in the                                                                                                                                                             |  | X                           |  |                        |  |         



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|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                             |  |                        |  |         
|------------------ |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------------------- |  | ---------------------- |  | --------
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  | APPLICABLESERVICINGCRITERIA |  |                       
|SERVICING CRITERIA |  | Performed by                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  | Performed by                |  | INAPPLICABLE SERVICING
|Reference          |  | Criteria                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  | Servicer                    |  | Vendor(s)              |  | CRITERIA
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|                   |  | transaction agreements, and describe the entitys activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in
cases where delinquency is deemed temporary (e.g., illness or unemployment).                                                                                                                                                                                                                                                                                                                         |  |                             |  |                        |  |         
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(ix)     |  | Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents.                                                                                                                                                                                                                                                                                                                                                                                                                                          |  | X                           |  |                        |  |         
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(x)      |  | Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, in accordance with the obligors pool asset documents, on at least an
annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are returned to the
obligor within 30 calendar days of full repayment of the related pool assets, or such other number of days specified in the transaction agreements. |  |                             |  |                        |  | X       
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(xi)     |  | Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or
notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements.                                                                                                                                                                                       |  |                             |  |                        |  | X       
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(xii)    |  | Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicers funds and not charged to the obligor, unless the late
payment was due to the obligors error or omission.                                                                                                                                                                                                                                                                                                                                                   |  |                             |  |                        |  | X       
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(xiii)   |  | Disbursements made on behalf of an obligor are posted within two business days to the obligors records maintained by the servicer, or such other number of days specified in
the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                             |  |                             |  |                        |  | X       
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(xiv)    |  | Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements.                                                                                                                                                                                                                                                                                                                                                                                                                                                      |  | X                           |  |                        |  |         
|                   |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |  |                            
|1122(d)(4)(xv)     |  | Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained as set forth in the transaction
agreements.                                                                                                                                                                                                                                                                                                                                                                                                         |  |                             |  |                        |  | X       



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|1 | The Asserting Party monitors events of default as obligated pursuant to the transaction agreements.
|- | ---------------------------------------------------------------------------------------------------

|2 | The Asserting Party processes payments on assets, including payments received by the lockbox vendor First Express, which are deposited in the appropriate custodial and
related clearing accounts.
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3 | The Asserting Party remits amounts to the appropriate party pursuant to the transaction agreements.
|- | ---------------------------------------------------------------------------------------------------

|4 | The Asserting Party reconciles its records relating to disbursements made to the appropriate party pursuant to the transaction agreements.
|- | ------------------------------------------------------------------------------------------------------------------------------------------

|5 | The Asserting Party processes payments on assets, including payments received by the lockbox vendor First Express, which are deposited in the appropriate custodial and
related clearing accounts.
|- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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EXHIBIT B

National City Credit Card Master Note Trust Series 2006-1

National City
Credit Card Master Note Trust Series 2007-1

National City Credit Card Master Note Trust Series 2008-3