Deciding between a personal loan and a balance transfer credit card depends on your circumstance. Take a look at the Annual Percentage Rate (APR) for each option. Consider the personal loan terms and repayment schedule. For card balance transfers, consider the balance transfer introductory APR and standard variable APR that applies after the intro APR period expires. Look for any fee that applies to each option, like an origination fee for a personal loan or a balance transfer fee for each balance transfer request. Discover Personal Loans does not charge any origination fees. Regardless of your decision, Discover can provide personal loan or balance transfer credit card options for different levels of need.