Exhibit 5.2

      [Letterhead of American Express Receivables Financing Corporation II]


                                November 5, 2003

American Express Receivables Financing Corporation II
200 Vesey Street
Mail Stop 01-31-12
New York, New York 10285

Re: American Express Credit Account Master Trust, Registration Statement on
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    Form S-3
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Ladies and Gentlemen:

         I have acted as counsel to American Express Receivables Financing
Corporation II (the "Transferor") in connection with the above-referenced
Registration Statement on Form S-3 being filed concurrently herewith with the
Securities and Exchange Commission (the "Registration Statement") under the
Securities Act of 1933, as amended (the "Act"), relating to the proposed
issuance and sale of Asset Backed Certificates (the "Certificates") of the
American Express Credit Account Master Trust to which the Transferor and
American Express Centurion Bank will transfer receivables (the "Receivables")
generated from time to time in a portfolio of designated card accounts. The
American Express Credit Account Master Trust was formed pursuant to the Pooling
and Servicing Agreement, dated as of May 16, 1996, among American Express
Centurion Bank, the Transferor, American Express Travel Related Services
Company, Inc., as Servicer (the "Servicer") and The Bank of New York, as trustee
(the "Trustee"), as amended by the First Amendment to the Pooling and Servicing
Agreement, dated as of March 30, 2001 (as so amended, the "Pooling Agreement").
The Certificates will be issued and delivered in accordance with the terms of a
specified Series Supplement to the Pooling Agreement.

         I or members of my staff have examined the forms of Pooling Agreement,
Series Supplement and Underwriting Agreement included as exhibits to the
Registration Statement. In addition, we have examined and considered executed
originals or counterparts, or certified or other copies, identified to my
satisfaction as being true copies, of such certificates, instruments, documents
and other corporate records of the Transferor and matters of fact and law as I
deem necessary for the purposes of the opinion expressed below. Capitalized
terms not otherwise defined herein have the respective meanings assigned to such
terms in the Pooling Agreement.

         In my examination I have assumed the genuineness of all signatures, the
authenticity of all documents submitted to me as originals, the conformity to
original documents of all documents submitted to me as certified or photostatic
copies and the authenticity of the original of such latter documents.

         Based upon the foregoing, and subject to the qualification that I am
admitted to the practice of law in the State of New York and do not purport to
be expert in the laws of any jurisdiction other than the State of New York, I am
of the opinion that, assuming the due execution and delivery of the Pooling
Agreement and applicable Series Supplement thereto substantially in the form
filed as an exhibit to the Registration Statement, upon the issuance,
authentication and delivery of the Certificates in accordance with the
provisions of such Pooling Agreement and such Supplement, against payment
therefor, the Certificates will be legally issued, fully paid and
non-assessable.




         I consent to the filing of this opinion as an exhibit to the
Registration Statement and to the reference to me under the caption "Legal
Matters" in the Prospectus included in the Registration Statement.

                                                     Very truly yours

                                                     /s/ Carol V. Schwartz

                                                     Carol V. Schwartz
                                                     Group Counsel

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