American Express Co. cardholders borrowed less on using their cards in February compared with the two previous months, AmEx reported this week in a U.S. Securities and Exchange Commission filing.
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AmEx managed $48.3 billion in card loans at the end of last month, down 2.4% from $49.5 billion in January and down 6.4% from $51.6 billion in December. The percentage of card loans 30 days past due also dropped to 2% of total loans at the end of February from 2.1% in both January and December, according to the filing.
