EXHIBIT 12.2AMERICAN EXPRESS COMPANYCOMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES(Dollars in millions)

|                               |  | Six                |       |                                    |      |        |  |      |       |  |      |       |  |     
|------------------------------ |  | ------------------ | ----- | ---------------------------------- | ---- | ------ |  | ---- | ----- |  | ---- | ----- |  | ----
|                               |  | Months             |       |                                    |      |        |  |      |       |  |      |       |  |     
|                               |  | Ended              |       |                                    |      |        |  |      |       |  |      |       |  |     
|                               |  | June
          30, |       | Years
          Ended December 31,
|                               |  | 2008               |       |                                    | 2007 |        |  | 2006 |       |  | 2005 |       |  | 2004
|Earnings:                      |  |                    |       |                                    |      |        |  |      |       |  |      |       |  |     
|Pretax income from             |  |                    |       |                                    |      |        |  |      |       |  |      |       |  |     
|continuing
        operations  |  | $                  | 2,120 |                                    | $    | 5,566  |  | $    | 5,139 |  | $    | 4,053 |  | $   
|Interest expense               |  |                    | 1,843 |                                    |      | 4,327  |  |      | 3,132 |  |      | 2,324 |  |     
|Other adjustments              |  |                    | 77    |                                    |      | 143    |  |      | 139   |  |      | 150   |  |     
|Total earnings (a)             |  | $                  | 4,040 |                                    | $    | 10,036 |  | $    | 8,410 |  | $    | 6,527 |  | $   
|                               |  |                    |       |                                    |      |        |  |      |       |  |      |       |  |     
|Fixed charges:                 |  |                    |       |                                    |      |        |  |      |       |  |      |       |  |     
|Interest
        expense       |  | $                  | 1,843 |                                    | $    | 4,327  |  | $    | 3,132 |  | $    | 2,324 |  | $   
|Other adjustments              |  |                    | 58    |                                    |      | 106    |  |      | 106   |  |      | 151   |  |     
|Total fixed charges (b)        |  | $                  | 1,901 |                                    | $    | 4,433  |  | $    | 3,238 |  | $    | 2,475 |  | $   
|                               |  |                    |       |                                    |      |        |  |      |       |  |      |       |  |     
|Ratio of earnings              |  |                    |       |                                    |      |        |  |      |       |  |      |       |  |     
|to fixed
        charges (a/b) |  |                    | 2.13  |                                    |      | 2.26   |  |      | 2.60  |  |      | 2.64  |  |     

Included in interest expense in the above computation is interest expense related to the cardmember lending activities, international banking operations, and charge card and other activities in the Consolidated Statements
of Income.  Interest expense does not include interest on liabilities recorded under Financial Accounting Standards Board (FASB) Financial Interpretation No. 48, Accounting for Uncertainty in Income Taxes  an interpretation of FASB
Statement No. 109. American Express policy is to classify such interest in income tax provision in the Consolidated Statements of Income.

For purposes of the earnings computation, other adjustments include adding the amortization of capitalized interest, the net loss of affiliates accounted for under the equity method whose debt is not
guaranteed by the Company, the minority interest in the earnings of majority-owned subsidiaries with fixed charges, and the interest component of rental expense and subtracting undistributed net income of affiliates accounted for under the equity
method.

For purposes of the fixed charges computation, other adjustments include capitalized interest costs and the interest component of rental expense.

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