Kardashian Debit Card Comes to an End.
Posted: November 29th, 2010 | Author: Joe | Filed under: Credit | Tags: Credit Cards, debit cards, news, Opinion | No Comments »
The Kardashians had a debit card? Who knew?
I sure didn’t, but then I don’t much care about Kim or any other Kardashian…
It looks as though they had loaned their likenesses to a prepaid debit card issued by The Revenue Resource Group, but that card had some questionable fees and so they have pulled out of the deal after taking some heat for it. The Connecticut attorney general is on The Revenue Resource Group’s case about possible violations of state laws and potential violation of the new financial regulations in the Dodd-Frank bill.
Apparently the card has almost $100 in fees per year, and $1.50 ATM fee on top of that.
I dunno if that violates any laws, or even if it should violate any laws. What I do know is that $100 a year for ANY card – debit or credit, rewards or not – is way too much. In fact, I would go so far as to say any fee for using a card makes that card not worth using.
But the best part may be the lawyer’s quote:
“The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults,” he wrote. “They have been successful in doing so because they are recognized as honest, ethical, and fun-loving individuals who are kind and caring to others.
I suppose it is hard to argue that Kim’s home made adult film that cemented her search-worthy status on the internet doesn’t appeal to young (male) adults. 
