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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Current Report Pursuant</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
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    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">Date of Report (Date of Earliest Event Reported)</TD>
    <TD STYLE="width: 47%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">February 2, 2012</TD></TR>
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">GE Capital Credit Card Master Note Trust</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">RFS Holding, L.L.C.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">GE Capital Retail Bank</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(Exact Name of Issuing Entity, Depositor/Registrant and Sponsor <BR> as Specified in their respective Charters)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">Delaware</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant)</TD></TR>
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    <TD STYLE="width: 48%; vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">333-107495, 333-130030, 333-144945, 333-169151,
        333-107495-02,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">333-130030-01, 333-144945-01,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">333-169151-01</P></TD>
    <TD STYLE="width: 4%; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 48%; vertical-align: bottom; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">57-1173164 (RFS Holding, L.L.C.)<BR> 20-0268039 (GE Capital Credit Card Master Note Trust)</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">(Commission File Numbers for Registrant and Issuing Entity, respectively)</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">(Registrants&rsquo; I.R.S. Employer Identification Nos. for Registrant and Issuing Entity, respectively)</TD></TR>
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    <TD STYLE="width: 69%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">777 Long Ridge Road, Stamford, Connecticut</TD>
    <TD STYLE="width: 31%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">06927</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">(Address of Principal Executive Offices)</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">(Zip Code)</TD></TR>
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    <TD STYLE="width: 100%; border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">(203) 585-6190</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">(Registrant&rsquo;s Telephone Number, Including Area Code)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center">Not Applicable</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; font-style: italic; text-align: center">(Former Name or Former Address, if Changed Since Last Report)</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT> Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT> Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT> Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">o</FONT><FONT STYLE="font-size: 10pt">
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

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    <TD STYLE="width: 15%; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold">Item 1.01.</TD>
    <TD STYLE="width: 85%; padding-right: 0; padding-left: 0; font-size: 10pt; font-weight: bold">Entry into Material Definitive Agreements.</TD></TR>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><B><U>Issuance of Series 2012-2 Notes</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">On February 2, 2012, GE Capital Credit
Card Master Note Trust (the &ldquo;Trust&rdquo;) issued $600,000,000 of Series&nbsp;2012-2 Class&nbsp;A Asset Backed Notes (the
&ldquo;Class&nbsp;A Notes&rdquo;), $75,709,779 of Series&nbsp;2012-2 Class&nbsp;B Asset Backed Notes (the &ldquo;Class&nbsp;B Notes&rdquo;)
and $51,104,101 of Series 2012-2 Class C Asset Backed Notes (the &ldquo;Class C Notes&rdquo;), described in a Prospectus Supplement
dated January 26, 2012 to a Prospectus dated January 17, 2012.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><B><U>Use of Proceeds &ndash; Series
2012-2 Notes</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The public offering of the Class&nbsp;A
Notes and the Class B Notes&nbsp;was made under the registration statement (the &ldquo;Registration Statement&rdquo;) on Form&nbsp;S-3
(File No.&nbsp;333-169151) filed with the Securities and Exchange Commission on September 2, 2010 (as amended by pre-effective
amendment no. 1 on October 29, 2010 and pre-effective amendment no. 2 on November 22, 2010) and declared effective on December
3, 2010.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">The public offering of the Class&nbsp;A
Notes and the Class B Notes terminated on February 2, 2012 upon the sale of all of the Class&nbsp;A Notes. An affiliate of the
depositor purchased all of the Class B Notes and Class&nbsp;C Notes. No underwriting discount was paid to the underwriters with
respect to the Class B Notes and the Class C Notes purchased by such affiliate.&nbsp; The underwriter of the Class&nbsp;A Notes
was Citigroup Global Markets Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">During the period from the effective
date of the Registration Statement through the current reporting period, the amount of expenses incurred in connection with the
issuance and distribution of the Class&nbsp;A Notes with respect to underwriting commissions and discounts was $2,250,000 for the
Class&nbsp;A Notes. &nbsp;After deducting the underwriting commissions and discounts described in the preceding sentence, the net
offering proceeds to the Issuer before expenses for the Class&nbsp;A Notes are $597,531,000. Other expenses, including legal fees
and other costs and expenses, are reasonably estimated to be $800,000 and net proceeds to the Issuer, after deduction of expenses,
are reasonably estimated to be $596,731,000. With respect to the payment of these other expenses and costs, all direct or indirect
payments were made to persons other than persons who are (a)&nbsp;directors or officers of the Issuer, or (b)&nbsp;owners of 10
percent or more of any class of securities of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The net proceeds to RFS Holding, L.L.C.,
after deducting the underwriting commissions and discounts, and expenses above, were used to purchase credit card receivables
from GE Capital Retail Bank ( the &ldquo;Bank&rdquo;), an affiliate of RFS Holding, L.L.C., and to repay intercompany indebtedness
owed by RFS Holding, L.L.C. to RFS Holding,&nbsp;Inc., another affiliate, which indebtedness was incurred primarily to finance
prior purchases of credit card receivables from the Bank. Except as provided in the previous sentence, none of the proceeds were
used for payments to (a)&nbsp;any directors or officers of the Issuer or (b)&nbsp;owners of 10 percent or more of any class of
securities of the Issuer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font-size: 10pt; font-weight: bold">Item 9.01.</TD>
    <TD STYLE="width: 85%; font-size: 10pt; font-weight: bold">Financial Statements and Exhibits.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-left: 0.45in; text-indent: 0in; font-size: 10pt">(a)</TD>
    <TD STYLE="width: 85%; text-indent: 0in; font-size: 10pt">Not applicable.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.45in; text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.45in; text-indent: 0in; font-size: 10pt">(b)</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">Not applicable.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.45in; text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.45in; text-indent: 0in; font-size: 10pt">(c)</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">Not applicable.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.45in; text-indent: 0in; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.45in; text-indent: 0in; font-size: 10pt">(d)</TD>
    <TD STYLE="text-indent: 0in; font-size: 10pt">Exhibits.</TD></TR>
</TABLE>
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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 14%"><B><U>Exhibit No.</U></B></TD>
    <TD STYLE="width: 3%; text-decoration: none">&nbsp;</TD>
    <TD STYLE="width: 83%; text-decoration: none"><B><U>Document Description</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>4.1</TD>
    <TD>&nbsp;</TD>
    <TD>Series 2012-2 Indenture Supplement, dated as of February 2, 2012, between GE Capital Credit Card Master Note
Trust and Deutsche Bank Trust Company Americas, as indenture trustee</TD></TR>
</TABLE>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>February 2, 2012</TD>
    <TD COLSPAN="2">RFS Holding, L.L.C., as depositor</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="padding-left: 9pt; border-bottom: Black 2px solid">/s/ Vishal Gulati</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Name:&nbsp;</TD>
    <TD STYLE="padding-left: 27pt">Vishal Gulati</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD STYLE="padding-left: 27pt">Vice President</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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[{"company-data": {"conformed-name": "RFS HOLDING LLC", "cik": "0001226006", "assigned-sic": "6189", "irs-number": "571173164", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-107495", "film-number": "12572212"}, "business-address": {"street1": "777 LONG RIDGE RD,BUILDING B, 3RD FLOOR", "city": "STAMFORD", "state": "CT", "zip": "06902", "phone": "2035856669"}, "mail-address": {"street1": "777 LONG RIDGE RD,BUILDING B, 3RD FLOOR", "city": "STAMFORD", "state": "CT", "zip": "06902"}}, {"company-data": {"conformed-name": "GE Capital Credit Card Master Note Trust", "cik": "0001290098", "assigned-sic": "6189", "irs-number": "200268039", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-107495-02", "film-number": "12572213"}, "business-address": {"street1": "777 LONG RIDGE RD,BUILDING B, 3RD FLOOR", "city": "STAMFORD", "state": "CT", "zip": "06902", "phone": "2035852351"}, "mail-address": {"street1": "777 LONG RIDGE RD,BUILDING B, 3RD FLOOR", "city": "STAMFORD", "state": "CT", "zip": "06902"}}]
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported)
February 2, 2012
GE Capital Credit Card Master Note Trust
RFS Holding, L.L.C.
GE Capital Retail Bank
(Exact Name of Issuing Entity, Depositor/Registrant and Sponsor
as Specified in their respective Charters)
Delaware
(State or Other Jurisdiction of Incorporation of Issuing Entity and Registrant)
333-107495, 333-130030, 333-144945, 333-169151,
        333-107495-02,
333-130030-01, 333-144945-01,
333-169151-01
57-1173164 (RFS Holding, L.L.C.)
20-0268039 (GE Capital Credit Card Master Note Trust)
(Commission File Numbers for Registrant and Issuing Entity, respectively)
(Registrants' I.R.S. Employer Identification Nos. for Registrant and Issuing Entity, respectively)
777 Long Ridge Road, Stamford, Connecticut
06927
(Address of Principal Executive Offices)
(Zip Code)
(203) 585-6190
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01.
Entry into Material Definitive Agreements.
Issuance of Series 2012-2 Notes
On February 2, 2012, GE Capital Credit
Card Master Note Trust (the "Trust") issued $600,000,000 of Series 2012-2 Class A Asset Backed Notes (the
"Class A Notes"), $75,709,779 of Series 2012-2 Class B Asset Backed Notes (the "Class B Notes")
and $51,104,101 of Series 2012-2 Class C Asset Backed Notes (the "Class C Notes"), described in a Prospectus Supplement
dated January 26, 2012 to a Prospectus dated January 17, 2012.
Use of Proceeds – Series
2012-2 Notes
The public offering of the Class A
Notes and the Class B Notes was made under the registration statement (the "Registration Statement") on Form S-3
(File No. 333-169151) filed with the Securities and Exchange Commission on September 2, 2010 (as amended by pre-effective
amendment no. 1 on October 29, 2010 and pre-effective amendment no. 2 on November 22, 2010) and declared effective on December
3, 2010.
The public offering of the Class A
Notes and the Class B Notes terminated on February 2, 2012 upon the sale of all of the Class A Notes. An affiliate of the
depositor purchased all of the Class B Notes and Class C Notes. No underwriting discount was paid to the underwriters with
respect to the Class B Notes and the Class C Notes purchased by such affiliate.  The underwriter of the Class A Notes
was Citigroup Global Markets Inc.
During the period from the effective
date of the Registration Statement through the current reporting period, the amount of expenses incurred in connection with the
issuance and distribution of the Class A Notes with respect to underwriting commissions and discounts was $2,250,000 for the
Class A Notes.  After deducting the underwriting commissions and discounts described in the preceding sentence, the net
offering proceeds to the Issuer before expenses for the Class A Notes are $597,531,000. Other expenses, including legal fees
and other costs and expenses, are reasonably estimated to be $800,000 and net proceeds to the Issuer, after deduction of expenses,
are reasonably estimated to be $596,731,000. With respect to the payment of these other expenses and costs, all direct or indirect
payments were made to persons other than persons who are (a) directors or officers of the Issuer, or (b) owners of 10
percent or more of any class of securities of the Issuer.
The net proceeds to RFS Holding, L.L.C.,
after deducting the underwriting commissions and discounts, and expenses above, were used to purchase credit card receivables
from GE Capital Retail Bank ( the "Bank"), an affiliate of RFS Holding, L.L.C., and to repay intercompany indebtedness
owed by RFS Holding, L.L.C. to RFS Holding, Inc., another affiliate, which indebtedness was incurred primarily to finance
prior purchases of credit card receivables from the Bank. Except as provided in the previous sentence, none of the proceeds were
used for payments to (a) any directors or officers of the Issuer or (b) owners of 10 percent or more of any class of
securities of the Issuer.
Item 9.01.
Financial Statements and Exhibits.
(a)
Not applicable.
(b)
Not applicable.
(c)
Not applicable.
(d)
Exhibits.
Exhibit No.
Document Description
4.1
Series 2012-2 Indenture Supplement, dated as of February 2, 2012, between GE Capital Credit Card Master Note
Trust and Deutsche Bank Trust Company Americas, as indenture trustee
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
February 2, 2012
RFS Holding, L.L.C., as depositor
By:
/s/ Vishal Gulati
Name:
Vishal Gulati
Title:
Vice President