The company disclosed that total U.S. Consumer Card Member loans were $85.0 billion as of June 30, 2024, $85.9 billion as of July 31, and $87.3 billion as of August 31.

1. 01

   The company disclosed that total U.S. Consumer Card Member loans were $85.0 billion as of June 30, 2024, $85.9 billion as of July 31, and $87.3 billion as of August 31.

2. 02

   The company said the share of U.S. Consumer card loans 30 or more days past due was 1.3% in each of June, July and August. It said the net write-off rate, based on principal only, was 2.3%, 2.1% and 2.2%, respectively.

3. 03

   The company disclosed that total U.S. Small Business Card Member loans were $28.6 billion as of June, $29.2 billion as of July, and $30.1 billion as of August. It said the share of loans 30 or more days past due was 1.4% in all three months.

4. 04

   The company said the annualized default rate, net of recoveries, for American Express Credit Account Master Trust was 1.5% for June, 1.2% for July, and 1.4% for August. It also said the amount of loans 30 or more days delinquent was $0.2 billion each month.

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Original filing

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