American Express monthly U.S. card loans fell to $126.4 billion by February 28, 2026
American Express released its monthly U.S. Consumer and Small Business card loan delinquency and write-off statistics for the months ended February 28, January 31 and December 31, 2025-2026. Total held-for-investment loans fell from $131.0 billion at December 31, 2025 to $126.4 billion at February 28, 2026, while the consumer 30-day delinquency rate rose to 1.4% from 1.3%, so shareholders should watch whether these credit trends continue.
Key points
- Total U.S. Consumer and Small Business held-for-investment loans were $126.4 billion on February 28, 2026, down from $128.6 billion on January 31 and $131.0 billion on December 31, 2025.
- U.S. Consumer 30-day delinquency rate was 1.4% in February, up from 1.3% in December 2025; the net write-off rate was 2.0%, down from 2.1% in December.
- U.S. Small Business net write-off rate was 2.8% in February, up from 2.7% in December, and its 30-day delinquency rate was steady at 1.7%.
- The Lending Trust annualized default rate, net of recoveries, was 1.3% for February 2026, compared with 1.1% in January and 1.2% in December 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 March 16, 2026.
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.