Capital Management and Funding Strategy

American Express Credit Account Master Trust (AMXCA) 30+ Days Past Due Rate Annualized Net Default Rate 1.4% 1.0% 1.2% 0.8% 1.0% 0.6% 0.8% 0.6% 0.4% 0.4% 0.2% 0.2% 0.0% 0.0% 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23 7/23 8/23 9/23 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23 7/23 8/23 9/23 60% 50% 40% 30% 20% 10% Monthly Payment Rate 35% 30% 25% 20% 15% 10% 5% Portfolio Yield 0% 0% 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23 7/23 8/23 9/23 9/22 10/22 11/22 12/22 1/23 2/23 3/23 4/23 5/23 6/23 7/23 8/23 9/23 AM EX 19

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