American Express Credit Account Master Trust's issuance is an ABS securitization backed by a pool of receivables generated by designated consumer American Express credit card accounts and pay-over-time revolving credit features associated with certain credit card accounts that are owned by American Express National Bank. We assigned our preliminary rating to the class A notes. The preliminary rating reflects our view of the transaction's credit support and payment and legal structures, among other factors. AUSTIN (S&P Global Ratings) April 11, 2024--S&P Global Ratings today assigned its preliminary rating to American Express Credit Account Master Trust's fixed-rate asset-backed series 2024-2 class A certificates (see list). The note issuance is an ABS securitization backed by a pool of receivables generated by designated