American Express Credit 10-Q 2012 Q3 Quarterly report

EXHIBIT 12.1

AMERICAN EXPRESS CREDIT CORPORATION

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

		Nine Months Ended September 30, 2012			Years Ended December 31,
					2011			2010			2009		2008	2007
Earnings:
Net income	$	266		$	397		$	348		$	362	$	864	$         725
Income tax (benefit) provision		(51	)		(48	)		(24	)		8		132	60
Interest expense		571			707			598			629		1,618	2,046
Total earnings	$	786		$	1,056		$	922		$	999	$	2,614	$      2,831
Fixed charges — Interest expense	$	571		$	707		$	598		$	629	$	1,618	$      2,046
Ratio of earnings to fixed charges		1.38			1.49			1.54			1.59		1.62	1.38