American Express said that, as of September 30, 2024, U.S. Consumer Card Member loans totaled $86.8 billion, with 1.4% of total loans 30 days or more past due, and that the net write-off rate on principal only for September was 1.9%.

1. 01

   American Express said that, as of September 30, 2024, U.S. Consumer Card Member loans totaled $86.8 billion, with 1.4% of total loans 30 days or more past due, and that the net write-off rate on principal only for September was 1.9%.

2. 02

   The company said that, as of September 30, 2024, U.S. Small Business Card Member loans totaled $29.9 billion, with 1.5% of total loans 30 days or more past due, and that the net write-off rate on principal only for September was 2.1%.

3. 03

   American Express said the net write-off rate on principal only for the 3 months ended September 30, 2024 was 2.1% for U.S. Consumer Card Member loans and 2.2% for U.S. Small Business Card Member loans. Total U.S. Consumer and U.S. Small Business Card Member loans were $116.7 billion.

4. 04

   The company said the Lending Trust's ending total principal balance as of September 2024 was $25.5 billion, and its annualized default rate, net of recoveries, was 1.3%. It also said the loans in this trust do not have the same characteristics as the total U.S. Consumer and U.S. Small Business Card Member loan portfolios.

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