Kardashian Debit Card: Canceled!

Watercooler

By Nads | Tuesday, November 30, 2010 | 8:34 am | 12 Comments
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Posted in: Watercooler

kardashians card

I got wind of the Kardashian prepaid debit card while on Thanksgiving break, and thought it was the most ridiculous thing I’d ever seen, but it didn’t surprise me that the girls had plastered their likeliness on a debit card (they do it everywhere else)–anyway, to much disappointment of the lender, the card has been canceled.

Connecticut Attorney General Richard Blumenthal did  a really nice job of spotlighting how ridiculous the terms of the card were, which then in turn made the Kardashians pull the plug on their own image on the card.

I guess the fine print, which most people don’t read said that the card could reach fees upward of a $100 a year, ATM withdrawal fees, cancelations, and talking with a live phone operator.

The Kardashian lawyers wrote a “notice of termination” to the card companies, and part of the letter said, “The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults.”

If they were so concerned, why did they agree to terms in the first place??? I’m glad they did the right thing in the end, but still…

I’m so happy that the Attorney General raised his concerns. Kids that get prepaid credit cards don’t know any better, and they’re simply being robbed. I remember when I got my first credit card, I’d racked up sales on a few tops, Doc Martens, and whatever else I could get my hands on until I hit my HUGE limit of $500, needless to say, I learned my lesson quickly. Because at 18, I didn’t have an extra $500 plus 19% interest to spend. It’s the dumb fees, and interest that get you every time. I wish they had prepaid cards back then, because I wouldn’t have found myself in debt, but this should be a good lesson for kids that credit cards are evil. And of course there are a lot of prepaid cards that aren’t bad, but you have to be careful.

For those that have bought the Kardashian card, it’s still good for use for 30 days, and after the 30 days are up, the card company will give you a refund of your balance, and any fess.

About

Although comedy is her profession, Nadine has accomplished a lot in her young age. She is a national champion black belt, a world-class soccer player, and an avid snowboarder. She started playing soccer at the age of 4, and continued playing through college where she majored in Biology, but quickly realized her destiny was to tell jokes, not to wear a lab coat. So she decided to be funny while finishing her Bachelors Degree in biology and continued on to get her M.B.A. Nadine’s comedy style is much like her athleticism, fearless. She’s made her way up the comedy ladder very quickly, and has become a club favorite at many of the country’s top comedy clubs, including the Improv chain. Performing in the Boston Comedy Festival and being noted as the “one of the youngest and brightest up and comers” and traveling to the Middle East to entertain the troops are just a few of her notable accomplishments. These days Nadine splits time between the stage, a radio studio, her computer blogging, and a television studio. Nadine’s TV, Radio, Writing credits include: national commercials, talking head roles on E! Entertainment, Showtime’s Hot Tamales Live, The Skinny: Fat Free News, The Sunny Side of The Truth: Real World Hollywood, TVgasm, Zazreport, Daddy’s Girls, Jerseylicious, celebrity interviews on Mania TV, a weekly half-hour television show that syndicates to colleges across the country for National Lampoon and a nightly radio show on XM Satellite Radio.

12 Comments

  1. 1
    notwithoutmytv
    Posted November 30, 2010 at 9:10 am

    “OMG! It’s KimK!!! These shoes must be free!!! I luv KimK!!!”

    If the average teenage retard runs up $500 in debt and learns from it, then that’s about the cheapest lesson they could learn. They had to pass a law to stop texting while driving in my state. Because the little dingbats where smearing themselves and their friends all over the highway on a daily basis.

    And I better not see you little bastards on my lawn again, either. I’ll go all Gran Torino on your buttocks.

  2. 2
    Clair Clair
    Posted November 30, 2010 at 9:49 am

    I found this little tidbit:

    Just to buy the card and use it costs $59.95 for six months, or $99.95 for 12 months. That does not include any money on the card. The person buying the card must add money onto it.

    The initial feels were just the start. After those six or 12 months are up, it costs $7.95 a month to keep using the card. Users have to pay $1.50 to withdraw cash from an ATM, and $1 to check their balance. Talking to a customer representative on the phone costs $1.50 for each call, and canceling the card costs $6.

  3. 3
    2muchbravo
    Posted November 30, 2010 at 9:55 am

    OMG! Those are ridiculous terms! Positive public personas my arse!

  4. 4
    Nads
    Posted November 30, 2010 at 1:40 pm

    holy shit clair! that’s NUTS. for a PREPAID?????

  5. 5
    notwithoutmytv
    Posted November 30, 2010 at 1:46 pm

    How much extra does it cost to get the version where their clothes fall off if you tip the card?

  6. 6
    Jess Chapman
    Posted November 30, 2010 at 7:01 pm

    Do I really want my kid to have Kim K’s tits pressed up against his/her credit card? That’s my motivation to oppose it.

  7. 7
    sarcasatire sarcasatire
    Posted November 30, 2010 at 8:07 pm

    @Nads: I ran up my $500 limit on my first credit card, too. Was it one of those companies that hang out on college campuses and give students free pizza for filling out an application? (My sophmore friend didn’t tell me until it was too late that I could have put down a fake name and address to get the pizza. Oops)

  8. 8
    sarcasatire sarcasatire
    Posted November 30, 2010 at 8:10 pm

    Why not just get your kid a checking account with overdraft protection. The cards have a Visa/MC logo and they still can only spend what they have..plus the fees are alot smaller.

    Are high fees how pre-paid cards make money? Because Russell Simmons has his Rush Card pre-paid Visa. I wonder if he also has ridiculous fees on his.

  9. 9
    Robin Robinez
    Posted November 30, 2010 at 9:30 pm

    How does giving a kid a card with overdraft protection teach them responsabilty? It doesn’t teach them how to manage what money that they have. It teaches them that they will be bailed out if they screw up. With a few fee’s included, they can mismanage their money all they want. Next thing you know, they will be expecting Govt cheese to feed their kid…

  10. 10
    sarcasatire sarcasatire
    Posted November 30, 2010 at 10:57 pm

    “How does giving a kid a card with overdraft protection teach them responsabilty?”

    It doesn’t. My point was considering a way to give a child a set spending amount, while hoping to pay less fees than those charged by a pre-paid card. I believe that since it is marketed to youngsters (I think), their parents would put the money on the card for them so they have a set amount to spend. I’m sure a parent would check the bill each month, and if it’s over and in need of overdraft protection, take the card away. But it’s still cheaper than those fees from the Kardashian card (and countless others). A kid would probably just pay for things in cash but a debit card is great because it allows the teen to shop but not have access to so much cash. If I had a teen, I would think that the only thing they can’t buy with a debit card, is drugs. So I would give them a debit card and just a few dollars for misc items, so I could keep track of their spending. What? Yea..they’d probably hate me while they’re young, but they’ll thank me later.

    I’m not sure where the gov’t cheese part comes in, but if a person had to rely on welfare to live(if that’s what you mean), I doubt they’d be shopping with any type of credit card, pre-paid or not. Someone may want to get their priorities straight.

  11. 11
    Jeanine Schaefer
    Posted November 30, 2010 at 11:07 pm

    Word, Sarcas! My son is only (almost) ten, but I fully intend on getting him a pre-paid debit card for precisely those reasons. The only thing I did spend the majority of my cash on was weed when I was young, so if I can prevent him from making the same mistakes, I’m certainly going to. Or at least try to.

  12. 12
    sarcasatire sarcasatire
    Posted December 3, 2010 at 9:49 pm

    @Jeanine: You and I are both young enough to remember all the sneaky things we did as teens, yet responsible enough to try and prevent our kids from following in our footsteps. That means we’ll be ‘unpopular’ for a few years, but it’s worth the sacrifice to see our kids prosper into well-adjusted adults.

    Of course, I’m way of ahead of myself. Mine isn’t even a year old yet! lol

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