American Express February Write-off Rate 3.8%

American Express Company AXP reports write-off statistics for the lending portfolio of its U.S. Card Services operating segment for the months ended December 31, 2010, and January 31 and February 28, 2011.

Total Loans $ 51.6B, $49.5B , and $ 48.3B

30 days past due loans as a % of total 2.1%, 2.1%, and 2.0%

Average loans $ 50.1, $50.5B, and $48.9B

Net write-off rate 4.1%, 3.8%, and 3.8%