Item 7.01 Regulation FD Disclosure
American Express Company (the "Company") is hereby furnishing below delinquency and write-off statistics for theU.S. Consumer Card Member lending portfolio of itsGlobal Consumer Services Group operating segment and theU.S. Small Business Card Member lending portfolio of its Global Commercial Services operating segment for the months endedMarch 31 ,February 28 andJanuary 31, 2021 and the three months endedMarch 31, 2021 . American Express Company U.S. Consumer and U.S. Small Business Delinquency and Write-off Rate Statistics As of and for the months endedMarch 31 ,February 28 andJanuary 31, 2021 and the three months endedMarch 31, 2021 (Billions, except percentages) (Preliminary) (Preliminary) Three Months Ended March March 31, February 28, January 31, 31, 2021 2021 2021 2021U.S. Consumer Card Member loans: Total loans$ 48.3 $ 47.5 $ 48.7 $ 48.3 30 days past due loans as a % of 0.9 % 1.0 % 1.0 % 0.9 %
total
Average loans$ 47.9 $ 48.1 $ 50.0 $ 49.0 Net write-off rate - principal 1.1 % 1.4 % 1.3 % 1.3 %
only (a)
U.S. Small Business Card Member loans: Total loans$ 13.3 $ 12.8 $ 12.9 $ 13.3 30 days past due loans as a % of 0.6 % 0.6 % 0.7 % 0.6 %
total
Average loans$ 13.1 $ 12.9 $ 12.8 $ 13.0 Net write-off rate - principal 0.7 % 1.0 % 1.4 % 1.0 %
only (a)
Total Card Member loans -
$ 61.6 $ 61.6
Consumer and
(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 theAmerican Express Credit Account Master Trust (the "Lending Trust") in its monthly Form 10-D report filed with theSecurities and Exchange Commission . The Card Member loans that have been securitized through theLending Trust do not possess identical characteristics with those of the totalU.S. Consumer orU.S. Small Business Card Member loan portfolios, which include securitized and non-securitized Card Member loans. The reported credit performance of theLending 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 theLending Trust compared to the use of average loan balances over the reporting period used in the statistics of theU.S. Consumer andU.S. Small Business Card Member loan portfolios, as well as other mechanics of the calculation for theLending Trust net write-off rate, which is impacted by any additions to theLending Trust within a particular period. -2- -------------------------------------------------------------------------------- Set forth below is certain information regarding the credit performance of theLending 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)
March 1, 2021 February 1, 2021 January 1, 2021 through through through March 31, 2021 February 28, 2021 January 31, 2021
Ending total principal $ 23.1 $ 22.6 $ 23.3 balance Defaulted amount $ 0.04 $ 0.04 $ 0.04 Annualized default rate, net 0.9 % 1.2 % 1.1 % of recoveries Total 30+ days delinquent $ 0.1 $ 0.1 $ 0.2 -3-
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