The company disclosed that total U.S. Consumer Card Member loans were $88.0 billion as of October 31, 2024, $86.8 billion as of September 30 and $87.3 billion as of August 31, and that the 30 days past due rates were 1.4%, 1.4% and 1.3%, respectively.

1. 01

   The company disclosed that total U.S. Consumer Card Member loans were $88.0 billion as of October 31, 2024, $86.8 billion as of September 30 and $87.3 billion as of August 31, and that the 30 days past due rates were 1.4%, 1.4% and 1.3%, respectively.

2. 02

   American Express said the net write-off rate (principal only) for U.S. Consumer Card Member loans was 2.4% in October 2024, 1.9% in September and 2.2% in August. This rate excludes interest and fees and is based on principal only.

3. 03

   The company said total U.S. Small Business Card Member loans were $30.5 billion as of October 31, 2024, the 30 days past due rate was 1.5%, and the net write-off rate on a principal-only basis was 2.2%. Combined total Card Member loans for U.S. Consumer and U.S. Small Business were $118.5 billion.

4. 04

   The company reported that for the October 2024 period, the American Express Credit Account Master Trust had an annualized default rate, net of recoveries, of 1.5%, an ending total principal balance of $25.7 billion, and total 30+ days delinquent of $0.2 billion.

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Original filing

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