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Card Member Receivables and Card Member Loans (Tables)

6 Months Ended

Jun. 30, 2020

Accounts Receivable And Loans Tables [Abstract]

Card Member receivables as of June 30, 2020 and December 31, 2019 consisted of:


(Millions)	2020		2019
Global Consumer Services Group ^(a)(b)	$	1,532	$	9,847
Global Commercial Services ^(b)	8,577		15,710
Card Member receivables ^(c)	10,109		25,557
Less: Reserve for credit losses	184		162
Card Member receivables, net ^(d)	$	9,925	$	25,395

(a)Comprised of International Consumer Services as of June 30, 2020 and U.S. and International Consumer Services as of December 31, 2019.

(b)During the three months ended March 31, 2020, $7.2 billion of U.S. Consumer and Small Business Card Member receivables were transferred out of the Charge Trust resulting in a reduction of the same amount in Credco’s participation interest in such receivables. Refer to Note 1 for additional information.

(c)Net of deferred discount (expense) revenue totaling $(73) million and $75 million as of June 30, 2020 and December 31, 2019, respectively.

(d)Card Member receivables modified in a troubled debt restructuring (TDR) program were immaterial.

Card Member loans detail

Card Member loans as of June 30, 2020 and December 31, 2019 consisted of:


(Millions)	2020		2019
Global Consumer Services Group ^(a)	$	504	$	697
Less: Reserve for credit losses	23		10
Card Member loans, net ^(b)	$	481	$	687

(a)Comprised of International Consumer Services.

(b)Card Member loans modified in a TDR program were immaterial.

Aging of Card Member receivables and loans

The following table presents the aging of Card Member receivables and Card Member loans as of June 30, 2020 and December 31, 2019:


2020 (Millions)	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total
Card Member Receivables:
Global Consumer Services Group	$	1,503	$	7	$	5	$	17	$	1,532
Global Commercial Services
Global Small Business Services	782		2		2		7		793
Global Corporate Payments ^(a)	(b)		(b)		(b)		154		7,784
Card Member Loans:
Global Consumer Services Group	$	493	$	3	$	2	$	6	$	504


2019 (Millions)	Current		30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total
Card Member Receivables:
Global Consumer Services Group	$	9,766	$	29	$	16	$	36	$	9,847
Global Commercial Services
Global Small Business Services	1,996		10		5		9		2,020
Global Corporate Payments ^(a)	(b)		(b)		(b)		105		13,690
Card Member Loans:
Global Consumer Services Group	$	689	$	3	$	2	$	3	$	697

(a)Global Corporate Payments (GCP) reflects global, large and middle market corporate accounts. Delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member’s billing statement date. In addition, if collection procedures are initiated on an account prior to the account becoming 90 days past billing, the associated Card Member receivable balance is classified as 90 days past billing. These amounts are shown above as 90+ Days Past Due for presentation purposes. See also (b).

(b)Delinquency data for periods other than 90+ days past billing is not available due to system constraints. Therefore, such data has not been utilized for risk management purposes. The balances that are current to 89 days past due can be derived as the difference between the Total and the 90+ Days Past Due balances.

Credit quality indicators for loans and receivables

The following tables present the key credit quality indicators as of or for the six months ended June 30:


	2020									2019
			Net Write-Off Rate ^(a)			30+ Days Past Due as a % of Total			Net Write-Off Rate ^(a)			30+ Days Past Due as a % of Total
Card Member Receivables:
Global Consumer Services Group	1.45	%		1.89	%		1.11	%		0.65	%
Global Small Business Services	2.13	%		1.39	%		1.36	%		0.94	%
Global Corporate Payments	1.26	%		(b)			(c)			(b)
Card Member Loans:
Global Consumer Services Group	2.03	%		2.18	%		1.55	%		0.90	%

(a)Represents the amount of Card Member receivables or Card Member loans owned by Credco that are written off, net of recoveries, expressed as a percentage of the average Card Member receivables or Card Member loans balances in each of the periods indicated.

(b)For GCP Card Member receivables, delinquency data is tracked based on days past billing status rather than days past due. Delinquency data for periods other than 90+ days past billing is not available due to system constraints. 90+ Days Past Billing as a % of total is 1.98% and 0.66% for the six months ended June 30, 2020 and 2019, respectively.(c)Net loss ratio was the credit quality indicator for GCP Card Member receivables for prior periods, and represents the amount of Card Member receivables owned by Credco that are written off, net of recoveries, expressed as a percentage of the volume of Card Member receivables purchased by Credco. The net loss ratio for the six months ended June 30, 2019 was 0.06%.