You Don't Need To Be Da Booty's Sugar Daddy To Lose a Fortune on Kimmie Sugar Britches!
Screaming "Kancel This Kard!" at the top of his lungs, noted financial analyst Bill Hardekopf of LOWCARDS.com has warned comsumers about doing business with the Kardashians!
"Last week, the Kardashian sisters launched a new credit card targeted at teens, one of the worst products to enter the financial market in a long time," Hardekopf wrote in an editorial posted on the MONEY BUILDER website, "The card is very expensive and using the Kardashians as financial role models to impressionable teenagers is already being questioned by financial experts around the country."
But the stinging criticism doesn't stop there.
"The card is a prepaid MasterCard debit card with the Kardashian sisters’ picture on the plastic and is done in partnership with Mobile Resource Card, providers of custom prepaid card programs," Hardekopf warns, "The card is promoted as a way for parents to monitor their children’s spending while teaching them money management skills."
Hardekopf, the Ceo of LowCards, which is a site that helps consumers understand the complex world of credit cards continues, "The fees do not stop after the card is purchased. ATM withdrawals cost $1.50 in addition to ATM fees. Automatic bill pay using the card costs $2 per item. There is a 2.5% fee for instant transfers that are made from a credit card or debit card. If you want to add money to the card, tack on an additional $1. It will cost you $6 to close the account. Have a question on the card? That will be $1.50 to speak with a live operator."
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