American Express said the total loans for U.S. Consumer Card Member loans were $84.0 billion as of May 31, 2024, $85.0 billion as of June 30, and $85.9 billion as of July 31.

1. 01

   American Express said the total loans for U.S. Consumer Card Member loans were $84.0 billion as of May 31, 2024, $85.0 billion as of June 30, and $85.9 billion as of July 31.

2. 02

   The company said the net write-off rate (principal only) for U.S. Consumer Card Member loans was 2.4% in May, 2.3% in June, and 2.1% in July, and that the share of loans 30 days past due was 1.3% in all three months.

3. 03

   American Express said total loans for U.S. Small Business Card Member loans changed from $28.2 billion in May 31 to $29.2 billion in July 31, and that the net write-off rate based on principal only went from 2.5% in May to 2.3% in July.

4. 04

   The company said the annualized default rate, net of recoveries, for American Express Credit Account Master Trust was 1.4% in May, 1.5% in June, and 1.2% in July, and that the ending total principal balance was $25.8 billion in all three periods.

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