American Express October U.S. consumer write-off rate rose to 2.2% from 1.9% in September
American Express disclosed monthly credit statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment for October, September and August 2025. The U.S. Consumer net write-off rate rose to 2.2% in October from 1.9% in September, while its 30-day delinquency rate held at 1.4%, and total held-for-investment card loans rose to $126.4 billion from $124.8 billion.
Key points
- U.S. Consumer net write-off rate (principal only) was 2.2% in October 2025, up from 1.9% in September and 2.0% in August.
- U.S. Consumer 30-days-past-due loans were 1.4% of total loans in October, unchanged from September and up from 1.3% in August.
- U.S. Small Business net write-off rate was 2.6% in October, up from 2.5% in September and down from 2.7% in August.
- Total Card Member loans held for investment were $126.4 billion at October 31, 2025, compared with $124.8 billion at September 30, 2025.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 17, 2025.
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