American Express Company disclosed its U.S. Consumer and U.S. Small Business Card Member lending portfolios' delinquency and write-off rates for December 2024 through a Form 8-K report filed with the SEC. As of December 2024, American Express reported total U.S. Consumer Card Member loans at $92.6 billion with a steady delinquency rate of 1.4% and a net write-off rate of 2.1%. The U.S. Small Business Card Member loans totaled $29.6 billion, maintaining a 1.5% delinquency rate and a net write-off rate of 2.4%. Additionally, the company noted a reclassification of $758 million in loans related to its Lowe’s small business co-brand portfolio as held for sale, which were not included in the December figures.

The filing highlights a consistent performance in loan repayments and credit management across both portfolios with negligible fluctuations in delinquency rates over the reported months. American Express also provided information on the credit performance of its Lending Trust, offering a more detailed view of the broader financial health and stability within its credit operations. The American Express Credit Account Master Trust reported a minor variation in its annualized default rates, net of recoveries, marking them at 1.2% for December 2024. These metrics are integral for understanding American Express's risk management and financial steadiness in its lending practices.