# EDGAR Filing Document

**Accession Number:** 0001003509
**File Stem:** 0000000000-25-009010
**Filing Date:** 2025-8
**Character Count:** 8865
**Document Hash:** b06e6f3a7ee260889474b0884eb7496a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-009010.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000000000-25-009010

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250822

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN EXPRESS RECEIVABLES FINANCING CORP III LLC
- **CENTRAL INDEX KEY:** 0001283434
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-288939

**BUSINESS ADDRESS:**
- **STREET 1:** 115 WEST TOWNE RIDGE PARKWAY
- **STREET 2:** ROOM 454
- **CITY:** SANDY
- **STATE:** UT
- **ZIP:** 84070
- **BUSINESS PHONE:** 212-640-2000

**MAIL ADDRESS:**
- **STREET 1:** 115 WEST TOWNE RIDGE PARKWAY
- **STREET 2:** ROOM 454
- **CITY:** SANDY
- **STATE:** UT
- **ZIP:** 84070
**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST
- **CENTRAL INDEX KEY:** 0001003509
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **ORGANIZATION NAME:** Office of Structured Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-288939

**BUSINESS ADDRESS:**
- **STREET 1:** 115 WEST TOWNE RIDGE PARKWAY
- **CITY:** SANDY
- **STATE:** UT
- **ZIP:** 84070
- **BUSINESS PHONE:** 212-640-2000

**MAIL ADDRESS:**
- **STREET 1:** 115 WEST TOWNE RIDGE PARKWAY
- **CITY:** SANDY
- **STATE:** UT
- **ZIP:** 84070
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001193125-25-164554

## Text-Extract

```

                                                             August 22, 2025

Christa Marvelli
President
American Express Credit Account Master Trust
115 W Towne Ridge Pkwy, Room 454
Sandy, Utah 84070
Sandy, Utah 84070

        Re: American Express Credit Account Master Trust
            American Express Receivables Financing Corporation III LLC
            Registration Statement on Form SF-3
            Filed July 25, 2025
            File Nos. 333-288939 and 333-288939-01
Dear Christa Marvelli:

       We have reviewed your registration statement and have the following
comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Registration Statement on Form SF-3
Use of Proceeds, page 60

1.     We note your disclosure that American Express Receivables Financing
Corporation
       III LLC ("RFC III") will receive the net proceeds from the sale of
certificates and will
       use those proceeds to purchase additional receivables from American
Express
       National Bank ("AENB") or for its general company purposes, including
repayment
       of loans made by AENB to RFC III. Please revise to clarify whether any
of the
       proceeds from the offering will be used by the issuing entity or if all
net proceeds will
       be paid directly to RFC III to use for its own purposes. If the issuing
entity will use a
       portion of the proceeds, revise to disclose how the issuing entity
intends to use the
       proceeds, including the approximate amount intended to be used for each
such
       purpose. Refer to Item 504 of Regulation S-K. If the issuing entity will
not use any of
 August 22, 2025
Page 2

       the proceeds, revise to clarify whether the payment of net proceeds
directly to RFC III
       will result in a reduction of the Transferor Amount.
Series Provisions
Interest Payments, page 62

2.     The website address listed in the definition of "FRBNY's Website" on
page 66 does
       not appear to be a functioning website. Please revise your disclosure to
provide the
       correct website address for accessing the applicable SOFR rates on the
Federal
       Reserve Bank of New York's website. Please also revise any references
included in
       any applicable transaction documents filed as exhibits to the
registration statement.
The Trustee, page 113

3.     We note your disclosure that the holders of a majority of investor
certificates have the
       right to direct the time, method or place of conducting any proceeding
for any remedy
       available to the trustee under the pooling and servicing agreement. We
also note
       Exhibit 4.1 Section 13.03 provides limitation on rights of
certificateholders to institute
       a proceeding, including the numerous conditions required, such as
offering to
       indemnify the trustee. However, please clarify if certificateholders
have the same
       limitations if they were to institute proceedings against the trustee
for not meeting its
       responsibilities set forth in the PSA.
Forward-Looking Statements, page 140

4.     We note your statement that you undertake no obligation to update or
revise any
       forward-looking statements, whether as a result of new information,
future events or
       otherwise. This disclaimer does not appear to be consistent with your
disclosure
       obligations. Please revise to clarify that you will update this
information to the extent
       required by law.
General

5.     Please confirm that the depositor and any issuing entities previously
established,
       directly or indirectly, by the depositor or any affiliate of the
depositor have been
       current and timely with Exchange Act reporting during the last twelve
months with
       respect to asset-backed securities involving the same asset class.
Please refer to
       General Instruction I.A.2. of Form SF-3.
6.     We note throughout your form of prospectus that you use conditional
and/or future
       language to describe certain structural and other features that may be
included,
       specified, or described in a "related supplement." For example, your
disclosure under
       the section entitled "The Pooling and Servicing Agreement Generally -
Funding
       Period" provides that "[f]or any series, the related supplement may
specify" that
       certain conditions may be present during a Funding Period and that the
"related
       supplement will specify the initial invested amount for such series..."
We also note
       that recent prospectuses filed pursuant to Rule 424(b) include the same
conditional
       and/or future language, but the prospectuses themselves do not appear to
provide deal-
       specific disclosure related to the features. The language appears to
suggest that your
       prospectus is a form of base prospectus where an accompanying prospectus
       supplement with specific terms related to a series of certificates will
be included.
 August 22, 2025
Page 3

       Please revise as necessary throughout your prospectus to make clear that
your
       registration statement includes a single form of prospectus. Refer to
General
       Instruction IV of Form SF-3.
7.     Relatedly, the registration statement should fully describe the assets,
structural
       features, credit enhancement, or other features reasonably contemplated
at the time of
       effectiveness, except for information that is not known or reasonably
available.
       See Section III.A.3.b. of the 2004 Regulation AB Adopting Release
(Release No. 33-
       8518) (Dec. 22, 2004). Accordingly, such conditional and/or future
language should
       be replaced throughout to include actual descriptions (bracketed if
necessary) of any
       such features reasonably contemplated at present with respect to the
certificates to be
       offered through this prospectus. To the extent any such features are not
intended to be
       used, they should be removed.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Hodan Siad at 202-679-7829 or Kayla Roberts at
202-551-3490 with
any questions.

                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of
Structured Finance

```

### Attached PDF Documents

**Attachment 1:** `filename1`

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