Applied for a Debt Consolidation Loan

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Ok, I would love to hear what you all think on this. I have some credit card debt that has been pretty stagnant due to poor spending habits and also very high interest rates that make it so I barely pay any of the balance with my monthly payments. I have about 5K in credit card debt from student tuition and other things. I have no idea what my APR is but I know it has to at least be 15% (since when did APRs get so high, even with good credit? Is this a new thing? I remember when I started out with credit cards 8+ years ago interest rates were much better....like 10%. Hmm. A discussion for another day I suppose). Anyway, I had one loan with my credit union when I bought my car - took out a 5 year note and paid it off in less than 2 - and the interest rates were great - 2%. I noticed the other day that they offered "Debt Consolidation Loans" with an interest rate of 7%. Less than half of what my credit card is, which would surely help me pay it off much more quickly.... There's a catch. After emailing with my credit union loan guy, he says one condition of the consolidation loan is that you close your credit cards. HUH?! I told him I really didn't want to close both of them - especially since the Visa I have, I've had since like 2008. I know that helps your credit to have credit accounts with longevitiy - plus, when I first opened it, I had a credit limit of $250. I have built that up to almost a credit limit of 15K. Not that I need that much of a credit limit, but it sure feels like a nice safety net. The loan guy is going to see if they would make an exception for me to keep one card. So here's my question for you - would you rather: A) Have ONE monthly loan payment (they figured out it would be $175 a month) at a 7% interest rate - and possibly have to close both of your credit card accounts? OR B) Have your same debt split between two credit cards paying 15% APR - but still be able to keep your cards open? I'm really split on this issue. Have you ever gotten a debt consolidation loan? What would you do?