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Another For The Discard Pile

Special credit cards are fun for people.  They like cards that have pictures of themselves for ID purposes or a picture of their family or the logo of their favorite sports team.  Or their favorite negative female stereotype.

On November 12, it was reported that the Kardashian Sisters were going to release a specially branded prepaid Kardashian MasterCard.  Khloe Kourtney Kim (sorry, I can't tell them apart without a scorecard) said, "When we were growing up, we didn’t have credit, we didn’t know what it was like to try and get your first credit card (does anybody really believe that?  -- G).  But with this one you don’t need credit, you don’t even need a bank account.  We wanted to provide people with something where they could learn their budgets, there is a spending limit on it. We are so excited that so many people are into this idea."

(Side note:  People reported, "R&B singer Brandy Norwood’s mother filed a lawsuit Monday against Kim Kardashian accusing her of running up more than $120,000 in credit card charges without permission.  The suit, which also names Kardashian’s siblings Khloe, Kourtney and Robert Jr., alleges they ran up the charges on the mother’s card in 2006 and 2007. It seeks the return of the money plus 10 percent interest.  In the lawsuit, Norwood’s mother, Sonja Norwood, who is also her manager, alleges Kim Kardashian had only been authorized in 2004 to make one purchase on the Norwood American Express card in Kim’s then-capacity as a stylist for Brandy (Brandy’s brother, Ray J, also appeared in the infamous sex tape with Kim).  But later, Kardashian, now starring in the E! reality show, Keeping Up with the Kardashians, made unauthorized purchases and passed on Norwood’s card number to her siblings, who also then made unauthorized purchases, including for items in two Kardashian family-owned clothing stores, Dash and Smooch, for a total of $120,636."  Real good choice to teach credit responsibility.)

So, what are the terms for this card?  To start with, card fees of $60 for six months or $100 for 12 months, with a $7.95 fee every month thereafter, cash to be split among the Kardashian Klones.  But wait, there's more!  You also get socked for ATM transactions, cancellations, and for talking with a phone operator.  Richard Blumenthal is the Connecticut AG and senator-elect. On Black Friday, he kicked over the ant hill, sending out a press release warning people of this stupidity.

Today, the Kardashians cancelled the agreement for the card, and it is now officially history.

An interesting game.  Only took one card to go from "down one" to "down three."

Comments

( 1 comment — Leave a comment )
blood_of_winter
Dec. 1st, 2010 12:14 am (UTC)
I know this sounds harsh, but if someone uses a product solely on a celebrity endorsement without looking into it, then they get what they deserve. I do think however, that warning people was a good thing as the K clan didnt have a chance to profit.
( 1 comment — Leave a comment )

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