Thursday, December 2, 2010

Financial Fail of the Year: The Kardashian Kard

The Kardashian sisters have suffered a number of public relations embarrassments from sex tapes to DUIs. Now they can add failed financial venture to their list of high-profile failures.

The Kardashian Kard, which bore the infamous sisters’ names and faces, has been discontinued after being renounced by almost everyone who took a few minutes to glance at the fine print. Connecticut Attorney General Richard Blumenthal slammed the card saying, “Keeping up with the Kardashians is impossible with this card, where consumers lose money before they use money. Even before consumers spend a dime, the Kardashian Kard fees swallow the card’s value.”

University National Bank who issued the Kardashian Kard has assured consumers that all of the approximately 50 Kardashian Kard holders will be refunded for the amount on the card as well as any additional fees.

I guess the reassuring end to this story is that public pressure can stop predatory cards, and only 50 people were silly enough to get the Kardashian Kard in the first place.

To learn more about responsible credit card usage, go to http://blog.mycreditspecialist.com, and sign up for a free credit evaluation at http://www.mycreditspecialist.com.

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