Capital Management and Funding Strategy
Card Member Credit Metrics
Q4'19
Q2'22
Q3'22
Q4'22
Q1'23
Q2'23
Q3'23
Card Member Loans Net Write-off Rate*
2.3%
0.8%
0.8%
1.1%
1.5%
1.7%
1.8%
Card Member Receivables Net Write-off Rates*
1.9%
0.8%
1.0%
1.4%
1.9%
1.9%
1.9%
Corporate Net Write-off Rates**
0.8%
0.3%
0.4%
0.6%
0.6%
0.6%
0.6%
Card Member Loans 30+ Days Past Due**
***
1.5%
0.7%
0.9%
1.0%
1.1%
1.1%
1.3%
Card Member Receivables 30+ Days Past Due**
1.4%
0.8%
1.1%
1.3%
1.4%
1.2%
1.1%
***
30+
*Net write-off rates based on principal losses only (unavailable for Corporate). See Statistical Tables for the third quarter of 2023, available at ir.americanexpress.com, for net write-off rates
including interest and fees. ** Corporate Net Write-off Rate is based on principal and fee losses related to U.S Corporate, International Corporate and Global Clients receivables.
Days past due represent Global Consumer and Global Small Business Services Card Member Loans and Card Member Receivables (unavailable for Corporate).
AM
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