AMERICAN EXPRESS COMPANY

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AMERICAN EXPRESS CO : Regulation FD Disclosure (form 8-K)

05/16/2022 | 12:03pm EDT

Item 7.01 Regulation FD Disclosure




American Express Company (the "Company") is hereby furnishing below delinquency
and write-off statistics for the U.S. Consumer Card Member lending portfolio of
its Global Consumer Services Group operating segment and the U.S. Small Business
Card Member lending portfolio of its Global Commercial Services operating
segment for the months ended April 30, March 31 and February 28, 2022.

                            American Express Company
                     U.S. Consumer and U.S. Small Business
                   Delinquency and Write-off Rate Statistics


    As of and for the months ended April 30, March 31 and February 28, 2022

(Billions, except percentages)

                                                    April 30,           

March 31, February 28,

                                                      2022                2022                 2022
U.S. Consumer Card Member loans:
Total loans                                       $     60.5          $     59.1          $      56.8
30 days past due loans as a % of total                   0.7  %              0.8  %               0.8  %
Average loans                                     $     59.8          $     58.0          $      56.7
Net write-off rate - principal only (a)                  0.9  %              0.8  %               0.9  %

U.S. Small Business Card Member loans:
Total loans                                       $     18.6          $     18.1          $      16.9
30 days past due loans as a % of total                   0.5  %              0.6  %               0.6  %
Average loans                                     $     18.4          $     17.5          $      16.7
Net write-off rate - principal only (a)                  0.6  %              0.7  %               0.6  %

Total Card Member loans - U.S. Consumer and U.S. $ 79.2 $ 77.2 $ 73.7 Small Business

(a) Net write-off rate based on principal only (i.e., excluding interest and/or fees).




The statistics presented above provide information that is additional to the
data reported by the American Express Credit Account Master Trust (the "Lending
Trust") in its monthly Form 10-D report filed with the Securities and Exchange
Commission. The Card Member loans that have been securitized through the Lending
Trust do not possess identical characteristics with those of the total U.S.
Consumer or U.S. Small Business Card Member loan portfolios, which include
securitized and non-securitized Card Member loans. The reported credit
performance of the Lending Trust may, on a month-to-month basis, be better or
worse as a result of, among other things, differences in the mix, vintage and
aging of loans, the use of end-of-period principal loan balances to calculate
write-off statistics in the Lending Trust compared to the use of average loan
balances over the reporting period used in the statistics of the U.S. Consumer
and U.S. Small Business Card Member loan portfolios, as well as other mechanics
of the calculation for the Lending Trust net write-off rate, which is impacted
by any additions to the Lending Trust within a particular period.



                                      -2-
--------------------------------------------------------------------------------

Set forth below is certain information regarding the credit performance of the
Lending Trust for its three most recent monthly reporting periods, as reported
in its Form 10-D report filed with respect to each such period.


                  American Express Credit Account Master Trust

(Billions, except percentages)

                                  April 1, 2022                March 1, 2022               February 1, 2022
                                     through                      through                      through
                                  April 30, 2022               March 31, 2022             February 28, 2022
Ending total principal        $             25.3           $             25.0           $              24.2
balance
Defaulted amount              $             0.03           $             0.03           $              0.03
Annualized default rate, net                 0.7   %                      0.6   %                       0.8  %
of recoveries
Total 30+ days delinquent     $              0.1           $              0.1           $               0.1



                                      -3-

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