The Before & After of Consolidating
Here's the same $5,000 of card debt, told two ways — keep paying minimums, or consolidate into one fixed Discover loan:
Illustration only. Card figures assume 2% minimum payments on $5,000 at 22% APR. Your numbers will vary.
Why Borrowers Consolidate with Discover
Slash Your Interest Rate
Average credit card APR now tops 22%. Our fixed rates start at 6.99% — less than a third of that — so more of each payment attacks your principal.
One Payment, One Due Date
Replace 3, 4, or 5 different card payments with a single predictable payment. No more juggling due dates or minimums.
A Real Payoff Date
Credit card minimums can stretch debt for decades. A fixed 12–60 month term gives you a guaranteed debt-free date.
Zero Fees, Ever
No origination fees, no balance transfer fees, no prepayment penalties. The APR you see is the total cost of your loan.
How to Consolidate Your Debt in 3 Steps
Check your rate in 60 seconds
Tell us how much you owe across your cards and your desired amount from $200 to $5,000. A soft credit pull shows your personalized fixed rate — with zero impact to your score.
Pick a term that fits your budget
Choose 12 to 60 months. Shorter terms save the most interest; longer terms lower your monthly payment. Every option is fee-free with a rate that never changes.
Pay off your cards and go forward
Funds arrive in your bank account as early as the next business day. Pay off each balance, keep the cards open to help your credit utilization, and enjoy one simple payment.
Is Debt Consolidation Right for You?
- Your combined card APRs are meaningfully higher than the rate you qualify for
- You have steady income to cover one fixed monthly payment
- Your total unsecured debt is $5,000 or less (our maximum loan amount)
- You're committed to not re-running balances up on the cleared cards
If your debt exceeds $5,000 or your credit is still recovering, start with our guide on how to consolidate credit card debt for alternative strategies.