The company disclosed total U.S. Consumer Card Member loans of $92.6 billion as of December 31, 2024, $89.4 billion as of January 31, 2025, and $87.8 billion as of February 28, 2025. It said the net write-off rates based on principal only were 2.1%, 2.3% and 2.5%, respectively.

1. 01

   The company disclosed total U.S. Consumer Card Member loans of $92.6 billion as of December 31, 2024, $89.4 billion as of January 31, 2025, and $87.8 billion as of February 28, 2025. It said the net write-off rates based on principal only were 2.1%, 2.3% and 2.5%, respectively.

2. 02

   The company disclosed total U.S. Small Business Card Member loans of $29.6 billion as of December 31, 2024, $30.1 billion as of January 31, 2025, and $30.2 billion as of February 28, 2025. Past-due loans of 30 days or more as a percentage of total loans were 1.5%, 1.6% and 1.6%, respectively.

3. 03

   The company said it reclassified Card Member loans of $758 million related to its Lowe’s small business cobrand portfolio to loans held for sale on the Consolidated Balance Sheets, effective as of December 1, 2024. It said these loans are not included in the table, which reflects only loans held for investment.

4. 04

   The company disclosed annualized default rates, net of recoveries, for American Express Credit Account Master Trust of 1.2% for December 2024, 1.5% for January 2025, and 1.8% for February 2025. Ending total principal balances were $26.9 billion, $25.5 billion and $24.7 billion, respectively.

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Original filing

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