American Express (AXP) said Monday the net write-off rate for US consumer card member loans in August rose to 2.2% from 2.1% in July.
The net write-off rate for US small business card member loans remained at 2.3%, the company said in a regulatory filing.
The August write-off rates are based on principal only, excluding interest or fees.
Total US-based consumer and small business card member loans rose to $117.4 billion in August from $115.1 billion in July.
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