American Express November U.S. Consumer write-off rate 2.1%, down from 2.2% in October
American Express filed monthly delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment for the months ended November, October and September 2025. Consumer net write-off rates eased in November, while Small Business rates rose slightly, and total held-for-investment loans reached $129.1 billion.
Key points
- U.S. Consumer net write-off rate was 2.1% in November 2025, versus 2.2% in October and 1.9% in September.
- U.S. Small Business net write-off rate was 2.7% in November 2025, versus 2.6% in October and 2.5% in September.
- Consumer and Small Business loans held for investment totaled $129.1 billion at November 30, 2025, up from $126.4 billion at October 31, 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 December 15, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.