American Express disclosed delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for June 2024. Total Card Member loans reached $113.6 billion, with U.S. Consumer loans at $85.0 billion and U.S. Small Business loans at $28.6 billion.For U.S. Consumer cards, the 30-day delinquency rate was 1.3%, while the net write-off rate (principal only) was 2.3%. U.S. Small Business cards showed a 30-day delinquency rate of 1.4% and a net write-off rate of 2.4%. The three-month average net write-off rates were 2.4% for Consumer and 2.3% for Small Business portfolios.The American Express Credit Account Master Trust reported an annualized default rate of 1.5% for June 2024, with a total 30+ days delinquent amount of $0.2 billion on an ending principal balance of $25.8 billion. The company noted that Trust performance may differ from the overall portfolio due to variations in loan characteristics and calculation methods.

American Express disclosed delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for June 2024. Total Card Member loans reached $113.6 billion, with U.S. Consumer loans at $85.0 billion and U.S. Small Business loans at $28.6 billion.For U.S. Consumer cards, the 30-day delinquency rate was 1.3%, while the net write-off rate (principal only) was 2.3%. U.S. Small Business cards showed a 30-day delinquency rate of 1.4% and a net write-off rate of 2.4%. The three-month average net write-off rates were 2.4% for Consumer and 2.3% for Small Business portfolios.The American Express Credit Account Master Trust reported an annualized default rate of 1.5% for June 2024, with a total 30+ days delinquent amount of $0.2 billion on an ending principal balance of $25.8 billion. The company noted that Trust performance may differ from the overall portfolio due to variations in loan characteristics and calculation methods.