American Express is putting more aside to counter defaults on loans
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American Express has seen its quarterly profits climb, following a strong rise in credit card use, especially by international cardholders.
The US credit card and travel services firm saw profits for the three months to June reach $1.057bn (£513.3m), from $945m in the same period last year.
The results - which beat forecasts - were also helped by a $65m tax break.
The rise in credit card use comes as several banks have seen a rise in defaults on credit card loans.
Last week both JP Morgan Chase and Capital One Financial said their level of write-offs from bad debt had increased in the quarter compared to last year.
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