Fast Loan Advance Credit Card Consolidation Loans Online
Swap high, variable card APRs for one fixed-rate loan with a payoff date you can see from day one.
- Borrow $1,000 to $5,000
- Checking your rate won't affect your credit score
- Funds as soon as the next business day
Fact-checked by the Fast Loan Advance Editorial Team. Updated October 17, 2026.
What is a credit card consolidation loan?
Credit card consolidation uses one installment loan to pay off several card balances. Instead of juggling minimum payments that barely touch the principal, you make one fixed payment that clears the debt by a set date.
Card APRs often sit above 20% and change with the market. A fixed-rate consolidation loan locks in your cost, and paying cards down to zero lowers your credit utilization, which can lift your credit score.
Pros and things to know
Why borrowers choose it
- Fixed rate that never rises
- One payment instead of several
- Lower utilization can raise your score
- No balance transfer fee
Good to know
- Best savings need a rate below your card APRs
- Keep paid-off cards from filling up again
- Origination fee may apply
What a credit card consolidation loan costs
Representative examples, each including a 5% origination fee added to the loan balance.
| Example | $2,000 | $4,000 | $5,000 |
|---|---|---|---|
| APR | 19.99% | 15.99% | 12.99% |
| Term | 24 months | 36 months | 48 months |
| Origination fee | $100.00 | $200.00 | $250.00 |
| Monthly payment | $106.87 | $147.64 | $140.82 |
| Total of payments | $2,564.90 | $5,315.00 | $6,759.28 |
Examples are for illustration. Your APR, fees and term depend on your credit, income and state, and appear in your loan agreement before you sign.
Credit Card Consolidation payment calculator
Adjust the amount, term and APR to estimate your monthly payment.
Estimates exclude origination fees.
- Number of payments
- 36
- Total interest
- $1,061.90
- Total repaid
- $5,061.90
How it compares
| Feature | Consolidation loan | Balance transfer card | Minimum payments only |
|---|---|---|---|
| Rate | Fixed | 0% intro, then variable | Variable, often 20%+ |
| Fees | Possible origination fee | 3% to 5% of balance | Late fees if missed |
| Payoff date | Set from day one | Depends on you | Can take many years |
| Approval with fair credit | Common | Harder | Not applicable |
Typical industry figures for comparison. Related guide: Cash advance loan vs. payday loan: which costs less?.
How to get a credit card consolidation loan
- Check your optionsComplete the 2-minute request. It uses a soft credit check.
- Review your offerSee your APR, payment and total cost before you commit.
- Get your fundsSign online and receive money as soon as the next business day.
Credit Card Consolidation FAQ
How does credit card consolidation work?
The loan pays off your card balances, and you repay the loan in fixed monthly payments over 12 to 48 months.
Is a consolidation loan better than a balance transfer card?
It can be if you won't pay off the balance during a 0% intro period or don't qualify for one. A loan has a fixed rate and no transfer fee.
Will consolidating my cards raise my credit score?
It may. Paying cards down lowers your credit utilization, and on-time installment payments build positive history.
Should I close my cards after consolidating?
Usually not. Keeping them open but unused helps your utilization and credit age.
How much can I consolidate?
Credit card consolidation loans range from $1,000 to $5,000.
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