Celebrity endorsements rarely make much sense. Despite what Hulk Hogan and Troy Aikman have said, for instance, it’s foolish …
Kardashian Kard
Kardashian Kard Debacle: Exhibit A for Why You Should Be Wary of Celeb-Endorsed Products
The fee-laden prepaid debit card endorsed by the Kardashian sisters was universally panned as a ripoff and a joke when it came out in November. A consumer would have been hit with well over $100 in fees if using the card for a year. Now that the “Kard” has been killed off and the inevitable lawsuits have been filed, the situation is only …
The Banks’ Great Plastic Hope: Prepaid Debit Cards
Over the years, the primary way banks make money has shifted from collecting interest on loans to collecting fees from customers using their debit and credit cards and other bank products. As regulations make it more difficult to collect some fees—namely, debit card overdrafts—banks are growing more interested in prepaid debit cards.
Fee-Heavy Kardashian Kard Is Killed Off
Less than a month ago, the Kim Kardashian and her reality show sisters introduced a prepaid debit card—the Kardashian Kard—that featured Kim’s ample cleavage, along with monster fees, including a $99.95 charge to use it for a year. It’s just been announced that the card has been pulled off the market—perhaps because the sisters had …
