The company disclosed that total loans for U.S. Consumer Card Member loans were $86.8 billion as of September 30, 2024, $88.0 billion as of October 31, and $89.3 billion as of November 30.

1. 01

   The company disclosed that total loans for U.S. Consumer Card Member loans were $86.8 billion as of September 30, 2024, $88.0 billion as of October 31, and $89.3 billion as of November 30.

2. 02

   American Express said the net write-off rate on a principal-only basis for U.S. Consumer Card Member loans was 1.9% for September 2024, 2.4% for October, and 2.0% for November, and that the share of 30 days past due loans was 1.4% in all three months.

3. 03

   The company said total loans for U.S. Small Business Card Member loans were $30.7 billion as of November 30, 2024, the share of 30 days past due loans was 1.5% in all three months, and the principal-only net write-off rate was 2.1% for September, 2.2% for October, and 2.3% for November.

4. 04

   American Express said the annualized default rate, net of recoveries, for American Express Credit Account Master Trust was 1.3% for September 2024, 1.5% for October, and 1.3% for November, and that ending total principal balance as of the end of November was $25.9 billion.

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Original filing

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