Shoppers Help Center

You can make payments on your Bread Pay Loan™ (credit card debt consolidation) via ACH electronic transfer from your bank account or a personal debit card. You cannot make payments on your Bread Pay Loan™ (credit card debt consolidation) with a credit card, business debit card, Bill Pay, or by check.

The Annual Percentage Rate or APR is the cost of credit as a yearly rate. You may have been offered an APR that ranges from 5.99% to 16.99%, depending on your individual creditworthiness. Your APR was given to you in the Truth In Lending Disclosure when you accepted your Bread Pay Loan™ terms. You can also view your APR online in the Bread Financial Member Portal in the “Payment Plans” area.

Bread Pay Loans™ cancellations can only be completed before 11:59pm EST on the day that your Bread Pay Loan was initiated. You will not be eligilbe to cancel your Bread Pay Loan™ after that time because Bread Financial™ immediately disburses funds to pay off your credit accounts, making a cancellation no longer possible.
If your Bread Pay Loan is eligible for cancelation, you can cancel it via the Bread Financial Member Portal using the following steps:
– Visit member-portal.breadpayments.com/login
– Enter the email address and mobile phone number associated with your account. We will then text you a 4- digit verification code.
– Enter the verification code in the field provided to log in.
-Scroll to the bottom of your Bread Pay Loan details, and locate the grey text that reads, “”Need to cancel your loan? Click here to cancel.””
-Click on the link, and follow the cancellation prompts

Your first payment is due one month after all of your approved debt consolidation transfers are complete. We’ll send you a message via email once your loan starts that includes your monthly payment date and monthly payment amount.

You should continue to make payments on any credit card accounts you are consolidating until the accounts show they have been paid, as this may take several days. You may have a remaining balance if your credit card issuer assessed interest or additional purchases were made that were not included when you applied for your Bread Pay Loan™.

Review your credit card balance with your existing credit card issuer. The proceeds from your Bread Pay Loan™ will appear as a payment on your existing credit card. You should continue to make payments on any credit card accounts you are consolidating until the accounts show they have been paid. It may take several days for the payment to process to your credit card. You may have a remaining balance if your credit card issuer assessed interest or additional purchases were made that were not included when you applied for your Bread Pay Loan.

You may also log into the Bread Financial Member Portal to check on the status of your transfers.

You may consolidate up to 5 eligible credit cards.

You can consolidate balances from most credit card accounts, except those issued by Comenity Bank or Comenity Capital Bank, creditors who are unable to accept electronic payment and require a paper check or non-U.S. creditor accounts.

Not sure if your account is a Comenity account? Check the back of your credit card or visit Comenity.net.

You can transfer balances for most credit card accounts, with the exception of credit cards
issued by Comenity Bank and Comenity Capital Bank, creditors who are unable to accept payment electronically and require a paper check, or foreign (i.e., non-U.S.) accounts.

Not sure if your credit card account is issued by Comenity Bank or Comenity Capital Bank? Check the back of your credit card or visit Comenity.net.

Note: Only credit card accounts are eligible to transfer their balance using Bread Pay Loans™ (debt consolidation). Other types of debt, such as Bread Pay Installment Loans™, are not ineligible for balance transfers using Bread Pay Loans.