Document:

Exhibit
4.9

CONFIRMATION

	
  Date:

  	
  June 28, 2007

  
	
   

  	
   

  
	
  To:

  	
  GE Capital Credit Card Master Note Trust (“Party
  B”)

  
	
   

  	
   

  
	
  From:

  	
  BANK OF AMERICA, N.A. (“Party A”)

  
	
   

  	
   

  
	
  Transaction Reference Number:

  	
  2892610

  

 

The purpose of this letter agreement is to set forth
the terms and conditions of the Transaction entered into between us on the
Trade Date referred to below.  This
letter constitutes a “Confirmation” as referred to in the Master Agreement
specified below.

The definitions and provisions contained in the 2000
ISDA Definitions (as published by the International Swaps and Derivatives
Association, Inc., as such definitions are modified and amended by the Schedule
to the Master Agreement) (the “Definitions”)
are incorporated into this Confirmation.  In the event of any inconsistency between
those definitions and provisions and this Confirmation, this Confirmation will
govern.

This Confirmation supplements, forms a part of, and is
subject to, the ISDA Master Agreement dated as of June 28, 2007, as amended or
supplemented from time to time (the “Master
Agreement”) between you and us. 
All provisions contained in the Master Agreement shall govern this
Confirmation except as expressly modified below.

The capitalized terms used herein and not otherwise
defined herein, in the Master Agreement or in the Definitions shall have the
meanings assigned to them in the Master Indenture, dated as of September 25,
2003, between Party B, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee, as supplemented by the Series 2007-4 Indenture Supplement,
dated as of June 28, 2007, between Party B, as Issuer, and the Indenture
Trustee, both as amended or supplemented from time to time (collectively, the “Indenture”).

The terms of the particular Transaction to which this
Confirmation relates are as follows:

	
  Type of Transaction:

  	
  Class B Notes Interest Rate Swap

  
	
   

  	
   

  
	
  Notional Amount:

  	
  As of any date, USD 46,250,000, minus the aggregate
  amount of principal payments made to the Class B Noteholders on or prior to
  such date.

  
	
   

  	
   

  
	
  Trade Date:

  	
  June 27, 2007

  
	
   

  	
   

  
	
  Effective Date:

  	
  June 28, 2007

  
	
   

  	
   

  
	
  Termination
  Date:

  	
  The earlier of (i) the Payment Date in June 2015;
  (ii) the date on which the Notional Amount is reduced to zero and (iii) an
  Early Termination Date.

  

 

 

	
  Payment Date:

  	
  August 15, 2007 and the 15th day of each calendar month thereafter,
  subject to the Business Day Convention.

  
	
   

  	
   

  
	
  Calculation Period:

  	
  Initially, the period from and including the
  Effective Date to but excluding, August 15, 2007, and for each period
  thereafter, from and including each Payment Date to but excluding the
  following Payment Date.

  
	
   

  	
   

  
	
  Business Day Convention:

  	
  Following

  
	
   

  	
   

  
	
  Business Day:

  	
  New York and Connecticut

  

 

Fixed Rate Amounts:

	
  Fixed Rate Payer:

  	
  Party B

  
	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  
	
  Payment Date:

  	
  Each Payment Date

  
	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  
	
  Period End Dates:

  	
  Last day of each Calculation Period, with No
  Adjustment to Period End Date.

  
	
   

  	
   

  
	
  Fixed Rate:

  	
  5.3965% per annum

  
	
   

  	
   

  
	
  Fixed Rate Day

  	
   

  
	
  Count Fraction:

  	
  30/360

  

 

LIBOR Floating Rate Amounts:

	
  LIBOR Floating Rate Payer:

  	
  Party A

  
	
   

  	
   

  
	
  LIBOR Floating Rate
  Payer

  	
   

  
	
  Payment Dates:

  	
  Each Payment Date

  
	
   

  	
   

  
	
  LIBOR Floating Rate
  Payer

  	
   

  
	
  Period End Dates:

  	
  The last day of each Calculation Period, with
  Business Day Convention applicable.

  
	
   

  	
   

  
	
  Reset Date:

  	
  The first day of each Calculation Period

  
	
   

  	
   

  
	
  LIBOR Floating Rate:

  	
  USD-LIBOR-BBA

  
	
   

  	
   

  
	
  Initial LIBOR Setting:

  	
  5.33103%

  
	
   

  	
   

  
	
  Designated Maturity:

  	
  One month, except for the first Calculation Period,
  which shall be determined by Linear Interpolation.

  
	
   

  	
   

  
	
  Spread:

  	
  None

  

 

 2
 

 

	
  LIBOR Floating Rate Day

  	
   

  
	
  Count Fraction:

  	
  Actual/360

  
	
   

  	
   

  
	
  Compounding:

  	
  N/A

  
	
   

  	
   

  
	
  Calculation Agent:

  	
  Party A

  

 

Account Details

Payments to Party
A:  To be provided in written
instructions.

Payments to Party
B:  To be provided in written
instructions.

[Signature Page Follows]

 3

Please confirm that the
foregoing correctly sets forth the terms of our agreement by executing the copy
of this Confirmation enclosed for that purpose and returning it to us.

	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Mary Beth Knight

  	
   

  
	
   

  	
   

  	
  Name: Mary Beth Knight

  
	
   

  	
   

  	
  Title: Asst. Vice President

  

 

 S-1
 

Accepted and confirmed as
of

the date first above written:

GE CAPITAL CREDIT
CARD MASTER NOTE TRUST
     By: 
The Bank of New York
(Delaware), not in its individual capacity, but solely as Trustee

 

	
  By:

  	
    /s/ Kristine K. Gullo

  	
   

  	
   

  	
   

  
	
   

  	
  Name: Kristine K. Gullo

  	
   

  	
   

  
	
   

  	
  Title: Vice President

  	
   

  	
   

  

 

 S-2Exhibit 4.10

CONFIRMATION

Date:                                                                                                                                                                                                                    June
28, 2007

To:                                                                                                                                                                                                                              GE
Capital Credit Card Master Note Trust (“Party B”)

From:                                                                                                                                                                                                                  BANK
OF AMERICA, N.A. (“Party A”)

Transaction Reference Number:                                                                        2892617

The purpose of this letter agreement is to set forth
the terms and conditions of the Transaction entered into between us on the
Trade Date referred to below.  This
letter constitutes a “Confirmation” as referred to in the Master Agreement
specified below.

The definitions and provisions contained in the 2000
ISDA Definitions (as published by the International Swaps and Derivatives
Association, Inc., as such definitions are modified and amended by the Schedule
to the Master Agreement) (the “Definitions”)
are incorporated into this Confirmation. 
In the event of any inconsistency between those definitions and
provisions and this Confirmation, this Confirmation will govern.

This Confirmation supplements, forms a part of, and is
subject to, the ISDA Master Agreement dated as of June 28, 2007, as amended or
supplemented from time to time (the “Master
Agreement”) between you and us. 
All provisions contained in the Master Agreement shall govern this
Confirmation except as expressly modified below.

The capitalized terms used herein and not otherwise
defined herein, in the Master Agreement or in the Definitions shall have the
meanings assigned to them in the Master Indenture, dated as of September 25,
2003, between Party B, as Issuer, and Deutsche Bank Trust Company Americas, as
Indenture Trustee, as supplemented by the Series 2007-4 Indenture Supplement,
dated as of June 28, 2007, between Party B, as Issuer, and the Indenture
Trustee, both as amended or supplemented from time to time (collectively, the “Indenture”).

The terms of the particular Transaction to which this
Confirmation relates are as follows:

	
  Type of Transaction:

  	
   

  	
  Class C Notes Interest Rate Swap

  
	
   

  	
   

  	
   

  
	
  Notional Amount:

  	
   

  	
  As of any date, USD 32,500,000, minus the aggregate
  amount of principal payments made to the Class C Noteholders on or prior to
  such date.

  
	
   

  	
   

  	
   

  
	
  Trade Date:

  	
   

  	
  June 27, 2007

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  June 28, 2007

  
	
   

  	
   

  	
   

  
	
  Termination
  Date:

  	
   

  	
  The earlier of (i) the Payment Date in June 2015;
  (ii) the date on which the Notional Amount is reduced to zero and (iii) an
  Early Termination Date.

  

 

 

 

	
  Payment Date:

  	
   

  	
  August 15, 2007 and the 15th day of each calendar month
  thereafter, subject to the Business Day Convention.

  
	
   

  	
   

  	
   

  
	
  Calculation
  Period:

  	
   

  	
  Initially, the period from and including the
  Effective Date to but excluding, August 15, 2007, and for each period
  thereafter, from and including each Payment Date to but excluding the
  following Payment Date.

  
	
   

  	
   

  	
   

  
	
  Business Day
  Convention:

  	
   

  	
  Following

  
	
   

  	
   

  	
   

  
	
  Business Day:

  	
   

  	
  New York and Connecticut

  
	
   

  	
   

  	
   

  
	
  Fixed Rate
  Amounts:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer:

  	
   

  	
  Party B

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  	
   

  
	
  Payment Date:

  	
   

  	
  Each Payment Date

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Payer

  	
   

  	
   

  
	
  Period End Dates:

  	
   

  	
  Last day of each Calculation Period, with No
  Adjustment to Period End Date.

  
	
   

  	
   

  	
   

  
	
  Fixed Rate:

  	
   

  	
  5.3965% per annum

  
	
   

  	
   

  	
   

  
	
  Fixed Rate Day

  	
   

  	
   

  
	
   Count Fraction:

  	
   

  	
  30/360

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating
  Rate Amounts:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer:

  	
   

  	
  Party A

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer

  	
   

  	
   

  
	
  Payment Dates:

  	
   

  	
  Each Payment Date

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate Payer

  	
   

  	
   

  
	
  Period End Dates:

  	
   

  	
  The last day of each Calculation Period, with Business
  Day Convention applicable.

  
	
   

  	
   

  	
   

  
	
  Reset Date:

  	
   

  	
  The first day of each Calculation Period

  
	
   

  	
   

  	
   

  
	
  LIBOR Floating Rate:

  	
   

  	
  USD-LIBOR-BBA

  
	
   

  	
   

  	
   

  
	
  Initial LIBOR Setting:

  	
   

  	
  5.33103%

  
	
   

  	
   

  	
   

  
	
  Designated Maturity:

  	
   

  	
  One month, except for the first Calculation Period,
  which shall be determined by Linear Interpolation.

  
	
   

  	
   

  	
   

  
	
  Spread:

  	
   

  	
  None

  

 

 2
 

 

	
  LIBOR Floating Rate Day

  	
   

  	
   

  
	
  Count Fraction:

  	
   

  	
  Actual/360

  
	
   

  	
   

  	
   

  
	
  Compounding:

  	
   

  	
  N/A

  
	
   

  	
   

  	
   

  
	
  Calculation
  Agent:

  	
   

  	
  Party A

  

 

Account Details

Payments to Party A: 
To be provided in written instructions.

Payments to Party B: 
To be provided in written instructions.

[Signature Page Follows]

 3

Please confirm that the
foregoing correctly sets forth the terms of our agreement by executing the copy
of this Confirmation enclosed for that purpose and returning it to us.

	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  
	
   

  	
  By:

  	
  /s/ Mary Beth Knight

  	
   

  
	
   

  	
   

  	
  Name: Mary Beth Knight

  
	
   

  	
   

  	
  Title: Asst. Vice President

  

 

 S-1
 

Accepted and confirmed as
of

the date first above written:

GE CAPITAL CREDIT
CARD MASTER NOTE TRUST
     By: 
The Bank of New York
(Delaware), not in its individual capacity, but solely as Trustee

	
  By:

  	
   

  	
   /s/ Kristine K. Gullo

  	
   

  
	
   

  	
   

  	
  Name: Kristine K. Gullo

  
	
   

  	
   

  	
  Title: Vice President

  

 

 S-2

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