American Express disclosed its November 2024 U.S. lending portfolio performance, with total Card Member loans reaching $120.0 billion, up from $118.5 billion in October. The 30-day delinquency rates remained steady at 1.4% for Consumer cards and 1.5% for Small Business cards.In the Consumer segment, which holds $89.3 billion in loans, the net write-off rate decreased to 2.0% from October's 2.4%. However, the Small Business portfolio, totaling $30.7 billion, saw its write-off rate increase slightly to 2.3% from 2.2%. The American Express Credit Account Master Trust, representing $25.9 billion in securitized loans, maintained a lower annualized default rate of 1.3%.

American Express disclosed its November 2024 U.S. lending portfolio performance, with total Card Member loans reaching $120.0 billion, up from $118.5 billion in October. The 30-day delinquency rates remained steady at 1.4% for Consumer cards and 1.5% for Small Business cards.In the Consumer segment, which holds $89.3 billion in loans, the net write-off rate decreased to 2.0% from October's 2.4%. However, the Small Business portfolio, totaling $30.7 billion, saw its write-off rate increase slightly to 2.3% from 2.2%. The American Express Credit Account Master Trust, representing $25.9 billion in securitized loans, maintained a lower annualized default rate of 1.3%.