01:23 PM EDT, 03/17/2025 (MT Newswires) -- American Express ( AXP ) said Monday the net writeoff rate for US consumer card loans rose to 2.5% in February from 2.3% in January.

The net writeoff rate for US small business card loans increased to 2.6% in February from 2.5% in January, the company said in a regulatory filing.

The writeoff rates are based on principal only, excluding interest or fees.

Total US-based consumer and small business card loans declined to $118.0 billion in February from $119.5 billion in January, the company said.

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