AG Blumenthal Rips Fees Linked To ‘Kardashian Kard’

NEW YORK (WCBS 880/1010 WINS) — Keeping up with the Kardashians can get pretty expensive – especially when using the new pre-paid credit card recently unveiled by sisters Kim, Kourtney and Khloe.

The Kardashian Prepaid MasterCard is “a fast and convenient way to manage money,” according to its official website, but the card has come under scrutiny due to its terms, conditions and fees.

Connecticut Attorney General and Senator-elect Richard Blumenthal called the fees “outrageous” and criticized marketing the card to teenagers.

“We’re warning parents that these so-called Kardashian Kards are really an outrageously expensive form of pre-paid debit card that belies the promise of affordability,” Blumenthal said, adding the cards “also send the wrong lessons about managing money.”

“These debit cards should be destined to failure, but they seem to exploit the Kardashian image or aura of luxury and extravagance,” Blumenthal said.

The card offers a six-month plan for $59.95 and a 1-year plan for $99.95. The cost of both cards includes a $9.95 purchase fee, $5 minimum deposit and a $7.95 monthly fee after the first year.

Additional fees include $1.50 fee for withdrawing money at an ATM, a $1 fee to check balances at an ATM and $6 to cancel the card.

Blumenthal has sent a letter to University National Bank, which issues the card, expressing concern over the “menu of fees” and asking for more specifics.

“I am deeply disturbed by this card’s high fees combined with its appeal to financially unsophisticated young adults. In reality, no family can “keep up with the Kardashians” using this card,” Blumenthal wrote in the letter.

Blumenthal also said the card’s fees raised “considerable ethical, and perhaps legal questions.”

“They’re not linked to a bank account, so they’re not subject to any government regulation or oversight,” Blumenthal said.

University National Bank said it will review Blumenthal’s request.

Comments

One Comment

  1. Anonymous says:

    KKK?!?!?!? You’re an idiot!. All the girls names begin with K because their mom’s name is Kim. There is also Kylie and Kendal. I’m so sick of people bringing race into discussions it has no business being.

    As far as the card goes, its an outrageous ripoff and they should all be ashamed of themselves.

  2. Kevin says:

    The middle one must be Aundrea the Giants kid. What a gorilla looking gal

    1. Anonymous says:

      Kevin,
      I was thinking more along the lines of Alice the Goon (From Popeye)
      Lets all be Fabulous like the Kardashians Yea Right. To them, We Po’ folk are just cattle

      K hloe
      K ortney
      K im
      Hmmm Interesting you think maybe one of their parents might have been a wee bit racist………Just some food for thought

  3. Kevin says:

    Presenting the true leeches of the world, the Kardashians

  4. charidy says:

    it’s a quick get me more richer scam ! !!!!shame shame shame

  5. Anonymous says:

    Lets all be Fabulous like the Kardashians Yea Right. To the We Po’ folk are just cattle

    K hloe
    K ortney
    K im
    Hmmm Interesting you think maybe one of their parents might have been a wee bit racist………Just some food for thought

  6. otto says:

    Those charges are INSANE !!!

    Shame on those Kardashians😦

  7. Anonymous says:

    There are plenty of GOUGERS in society and kardashians are one of them

Comments are closed.

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