12:36 PM EDT, 09/16/2024 (MT Newswires) -- 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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