On September 22, 2026, American Express Credit Account Master Trust issued a new series of asset-backed securities. The transaction, titled Series 2026-1, involved the issuance of two classes of certificates.
The Trust issued $1,250,000,000 in Class A 4.99% Asset Backed Certificates. Additionally, the Trust issued $53,572,000 in Class B 5.39% Asset Backed Certificates. The total value of the issued securities is $1,303,572,000.
The issuance was supported by a supplemental agreement to the Trust's Fourth Amended and Restated Pooling and Servicing Agreement, which was originally dated April 1, 2018. The Series 2026-1 Supplement was executed on September 22, 2026.
The issuer of the securities is American Express Receivables Financing Corporation III LLC, which serves as the Depositor for the Trust. The sponsor of the transaction is American Express National Bank.
