Kim, Kourtney, and Khloe Kardashian of E!’s Keeping up with the Kardshians are usually pretty savvy when it comes to business matters, but they’re not exactly winning over many people with the release of their prepaid MasterCard–especially those in the financial industry. What’s their problem with the card? We’ve got all the details.
The Kardashian sisters of E!’s Keeping up with the Kardashians have many successful business ventures–their clothing boutiques, signature scents, the reality shows–but it doesn’t look like they’ll be adding their new prepaid debit card to that list any time soon.
Since last week’s release of the Kardashian MasterCard, it’s been panned by many in the financial sector. What do they have to say?
According to the experts, like most prepaid debit cards, the Kardashians’ comes with fees. But their claim is that the Kardashian MasterCard comes with a lot more fees–fees to use the card, monthly fees after the initial phase ends, card replacement fees, ATM withdrawal fees, fees if your card is declined, fees for talking to a live operator at the service center, and fees to cancel your account. And that’s just the short list!
But the biggest problem that personal finance experts (and many parents) have with the card is that it’s marketed to teens; teens looking to try to “keep up” with the fabulous Kardashian sisters, who don’t have the best spending habits themselves.
According to TMZ , Khloe Kardashian owes $18,490.74 in back taxes, and Kim has admitted to having a shopping addiction. So they’re not exactly the best role models in that respect.
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Photo Credit: E!