Cardmember loans are essentially personal loans extended by credit card issuers to their customers. Rather than using a credit card to make purchases or take out cash advances, a cardmember loan gives consumers the option to borrow a specific amount of money at a fixed interest rate and pay it back in monthly installments over a set period of time.

This type of lending can be particularly appealing for individuals who have high credit card balances or are looking to consolidate multiple debts into a single loan with a potentially lower interest rate. However, it's important to note that cardmember loans often come with origination fees, and missing payments can negatively impact a borrower's credit score.

Overall, cardmember loans are one example of the many different financial products and services available in the industry, designed to meet the borrowing needs of a diverse range of consumers.