American Express disclosed delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for October, September, and August 2024. As of October 31, 2024, total U.S. Consumer Card Member loans stood at $88.0B, with a 30-day delinquency rate of 1.4% and a net write-off rate of 2.4%. U.S. Small Business Card Member loans totaled $30.5B, with a 1.5% delinquency rate and a 2.2% net write-off rate.The company's total Card Member loans for U.S. Consumer and U.S. Small Business segments reached $118.5B. American Express also provided data on the American Express Credit Account Master Trust, reporting an ending total principal balance of $25.7B and an annualized default rate of 1.5% for October 2024.The report notes that these statistics may differ from the Lending Trust's monthly Form 10-D filings due to variations in loan characteristics, calculation methods, and other factors. The company emphasizes that monthly statistics may be subject to variability caused by factors such as seasonality and timing of information received from third parties.

American Express disclosed delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for October, September, and August 2024. As of October 31, 2024, total U.S. Consumer Card Member loans stood at $88.0B, with a 30-day delinquency rate of 1.4% and a net write-off rate of 2.4%. U.S. Small Business Card Member loans totaled $30.5B, with a 1.5% delinquency rate and a 2.2% net write-off rate.The company's total Card Member loans for U.S. Consumer and U.S. Small Business segments reached $118.5B. American Express also provided data on the American Express Credit Account Master Trust, reporting an ending total principal balance of $25.7B and an annualized default rate of 1.5% for October 2024.The report notes that these statistics may differ from the Lending Trust's monthly Form 10-D filings due to variations in loan characteristics, calculation methods, and other factors. The company emphasizes that monthly statistics may be subject to variability caused by factors such as seasonality and timing of information received from third parties.