American Express disclosed its U.S. Consumer and Small Business Card Member lending portfolio statistics for August 2024. Total Card Member loans reached $117.4 billion, with U.S. Consumer loans at $87.3 billion and Small Business loans at $30.1 billion.The delinquency rates remained stable, with 30-day past due loans at 1.3% for Consumer cards and 1.4% for Small Business cards. Net write-off rates showed slight changes, with Consumer cards at 2.2% (up from 2.1% in July) and Small Business cards steady at 2.3%.The American Express Credit Account Master Trust, representing a portion of securitized loans, reported an ending principal balance of $25.7 billion with an annualized default rate of 1.4%, showing an increase from July's 1.2% but improvement from June's 1.5%.

American Express disclosed its U.S. Consumer and Small Business Card Member lending portfolio statistics for August 2024. Total Card Member loans reached $117.4 billion, with U.S. Consumer loans at $87.3 billion and Small Business loans at $30.1 billion.The delinquency rates remained stable, with 30-day past due loans at 1.3% for Consumer cards and 1.4% for Small Business cards. Net write-off rates showed slight changes, with Consumer cards at 2.2% (up from 2.1% in July) and Small Business cards steady at 2.3%.The American Express Credit Account Master Trust, representing a portion of securitized loans, reported an ending principal balance of $25.7 billion with an annualized default rate of 1.4%, showing an increase from July's 1.2% but improvement from June's 1.5%.