The Kardashians Want Out of Their Credit Card Deal
Not responsible spending
We all thought it was the worst idea in the world when we heard the Kardashian sisters would have their faces on a credit card. Responsible spending? The Kardashians? It turns out it was a pretty bad idea. And now the Kardashians want out of the agreement.
Read: The Kardashian Credit Card Was Supposed to Teach Kids About Money
Would you want your kid to have a Kardashian credit card? From the amount of shopping and spending the Kardashian girls do on Keeping Up with the Kardashians, I'm thinking it's probably not a good idea. And now the sisters are learning the card could bring some of their fans into debt and they want out!
So, the Kardashian MasterCard is a pre-paid debit card, making it sound pretty harmless and perfect for young people, right? Not so fast. There are so many hidden fees involved with the card, which according to E! Online, investigators are calling, "pernicious and predatory fees." And that is something the girls do not want to represent..
Kim, Kourtney, and Khloe Kardashians attorney has sent a letter of termination to the Revenue Resource Group. They want to stop representing the card. Allegedly, the card will cost users $59.95 to activate it for six months, plus $1.50 every time cash is withdrawn from an ATM, $1 per balance check. and $1.50 for every customer service call. Isn't that the most ridiculous thing you've ever heard?
Read: Kim Kardashian Represents Charmin Bathrooms
The Kardashian sisters' attorney wrote in his letter, "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."
We called it from the start; the Kardashians representing a credit card is a very, very bad idea. Lesson learned? I hope so!