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EXHIBIT 12.1
AMERICAN EXPRESS CREDIT CORPORATION
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
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| | Three Months Ended March 31, 2013 | | Years Ended December 31, | |||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||
Earnings: | ||||||||||||||||||||||
Net income | $ | 111 | $ | 339 | $ | 397 | $ | 348 | $ | 362 | $ 864 | |||||||||||
Income tax (benefit) provision | (12 | ) | (51 | ) | (48 | ) | (24 | ) | 8 | 132 | ||||||||||||
Interest expense | 170 | 749 | 707 | 598 | 629 | 1,618 | ||||||||||||||||
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Total earnings | $ | 269 | $ | 1,037 | $ | 1,056 | $ | 922 | $ | 999 | $ 2,614 | |||||||||||
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Fixed charges — Interest expense | $ | 170 | $ | 749 | $ | 707 | $ | 598 | $ | 629 | $ 1,618 | |||||||||||
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Ratio of earnings to fixed charges | 1.58 | 1.38 | 1.49 | 1.54 | 1.59 | 1.62 | ||||||||||||||||
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