Kardashian debit card? Even Kardashians panned it.(Read article summary)
Kardashian debit card, criticized for high fees, was terminated after less than a month in operation.
Prepaid debit cards are not the best of deals. They come with lots of fees without all the protections of a credit card.
But even by those standards, the Kardashian debit card stood out for its high fees: a $9.95 activation fee and charges of $7.95 per month, with a $1.50 fee to call customer support and a $6.00 fee to shut down the card.
Which is why reality quickly caught up with the E! reality-show sisters. Criticized by personal-finance guru Suze Orman and on the verge of an investigation by Connecticut's attorney general, the Kardshians through a lawyer said Monday they no longer wanted their names associated with the card.
Existing cards will be active for 30 days and then receive refunds of any balances and any pre-paid fees, University National Bank said in a statement.
So how many people actually ponied up for the celebrity card? All of 250, according to the bank.