American Express has released delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member lending portfolios for February, January, and December 2024. As of February 28, 2025, total U.S. Consumer Card Member loans stood at $87.8 billion, with a delinquency rate of 1.4% and a net write-off rate of 2.5%. U.S. Small Business Card Member loans totaled $30.2 billion, with a delinquency rate of 1.6% and a net write-off rate of 2.6%.

The report also provides credit performance data for the American Express Credit Account Master Trust. As of February 28, 2025, the trust’s total principal balance was $24.7 billion, with an annualized default rate of 1.8%, up from 1.2% in December 2024.

The company noted that these figures exclude loans related to its Lowe’s small business co-brand portfolio, which were reclassified as held for sale in December 2024. American Express highlighted that reported credit performance may vary due to seasonality, timing of holidays, and differences in loan characteristics between securitized and non-securitized portfolios.