“Kardashian Kard” Cancelled Over Suspicious Fees
The Kardashians have moved to sever their ties with a special debit card that is now the subject of an investigation by the Connecticut Attorney General over allegations that it may be charging consumers with illegal fees.
The Kardashian sisters–Kim, Khloe, and Kourtney–filed a document to terminate its deal with the MasterCard-supported “Kardashian Kard,” saying that the ongoing investigation could hurt the “positive public persona” of the family. “The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults. Unfortunately, the negative spotlight turned on the Kardashians as a result of the Attorney General’s comments and actions threatens everything for which they have worked,” Kardashians lawyer Dennis Roach said in a statement.
The investigation was brought about by a complaint that the “Kard” carries with it what Connecticut A.G. Richard Blumenthal described as “outrageous” fees that could reach at least $100 a year. The debit card, released by a St. Paul, Minnesota-based lender, costs $9.95 plus a monthly fee of $7.95. Consumers are also charged every time they use the card to withdraw through ATMs and even just by talking to a company phone operator.
United National Bank, the lender behind the Kard, said it is cancelling the debit card pending investigation. Consumers will also receive a refund, the bank said.