Thursday, November 11, 2010
...Kardashian Debit Kard
Well it seems as if the Kardashians are trying to keep America in debt. They launched their new debit card and so far all of the money experts are frowning upon it. Farnoosh Torabi wrote, "According to the card's fine print, the card will run you $99.95 for a year or $59.95 for six months. After that it's $7.95 per month. There are also the typical ATM withdrawal fees. By contrast, a recent Consumers Union survey that looked at 19 prepaid cards found that activation fees tended to start at $3 and reach as high as $40." This is normal, I guess, but the main problem is that the cards will be market towards tweens and teens who, as we know, are GREAT with money...NOT! These cards will become something like a fashion accessory and will be used to buy a lot of junk and the bills will just keep adding up. The spokesperson for MasterCard claimed that this is a good learning tool for teens to gain responsibility with money and it will also help parents monitor their kids spending. I have an even better idea, why not just add your kids to your account(s) and monitor them that way, it is cheaper, possibly even FREE. Again I think this is a typical case of a celebrity cashing in on a product they know nothing about or would not actually use themselves. This just further ties in the theory I have about Kim Kardashian being a very selfish person who just plays a role for the cameras, they all may be that way actually. For a fact they all seem a little too desperate for cash, from the mother down to the daughters. This could end up being a bad idea on their part if things backfire. I am giving this card a Digit Down.
Labels:
Debt,
Kardashian,
Teens
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