The company said its U.S. Consumer Card Member total loans were $82.3 billion as of March 31, 2024, $82.6 billion as of April 30 and $84.0 billion as of May 31, and that loans 30 or more days past due as a percentage of total loans were 1.4%, 1.4% and 1.3%, respectively.

1. 01

   The company said its U.S. Consumer Card Member total loans were $82.3 billion as of March 31, 2024, $82.6 billion as of April 30 and $84.0 billion as of May 31, and that loans 30 or more days past due as a percentage of total loans were 1.4%, 1.4% and 1.3%, respectively.

2. 02

   American Express said the net write-off rate on principal only for U.S. Consumer Card Member loans was 2.3% in March 2024, 2.5% in April and 2.4% in May, and that average loans were $81.3 billion, $82.4 billion and $83.3 billion.

3. 03

   The company said its U.S. Small Business Card Member total loans were $27.6 billion as of March 31, 2024, $27.7 billion as of April 30 and $28.2 billion as of May 31, and that the net write-off rate on principal only was 2.5% in May, while loans 30 or more days past due as a percentage of total loans were 1.4%.

4. 04

   The company presented, based on Form 10-D, that the Lending Trust’s total principal balance at the end of May 2024 was $25.8 billion, its annualized default rate net of recoveries was 1.4%, and its amount 30 or more days delinquent was $0.2 billion.

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Original filing

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