American Express disclosed its U.S. Consumer and Small Business Card Member lending portfolio statistics for May 2024. Total Card Member loans reached $112.2B, with U.S. Consumer loans at $84.0B and Small Business loans at $28.2B.The delinquency rates for loans 30 days past due remained stable, with U.S. Consumer cards at 1.3% (down from 1.4% in April) and Small Business cards steady at 1.4%. The net write-off rate for Consumer cards improved to 2.4% from 2.5%, while Small Business write-offs increased to 2.5% from 2.2%.The American Express Credit Account Master Trust, representing a portion of the total portfolio, reported an annualized default rate of 1.4% for May 2024, improving from 1.6% in April. The Trust's total principal balance stood at $25.8B with $0.2B in 30+ days delinquent accounts.

American Express disclosed its U.S. Consumer and Small Business Card Member lending portfolio statistics for May 2024. Total Card Member loans reached $112.2B, with U.S. Consumer loans at $84.0B and Small Business loans at $28.2B.The delinquency rates for loans 30 days past due remained stable, with U.S. Consumer cards at 1.3% (down from 1.4% in April) and Small Business cards steady at 1.4%. The net write-off rate for Consumer cards improved to 2.4% from 2.5%, while Small Business write-offs increased to 2.5% from 2.2%.The American Express Credit Account Master Trust, representing a portion of the total portfolio, reported an annualized default rate of 1.4% for May 2024, improving from 1.6% in April. The Trust's total principal balance stood at $25.8B with $0.2B in 30+ days delinquent accounts.