Kim Kardashian is canceling her debit card

Just about 3 weeks ago, Kim Kardashian was hosting a fancy party in New York to announce the Kardashian Mastercard, a pre-paid debit card that she hoped would teach todays young people about managing their money.

But then nerds who were probably ugly or flat chested and jealous of Kim starting claiming the card is loaded with hidden fees. CNN Money says…

While regular bank debit cards are typically free and don’t charge any fees, a 12-month Kardashian Kard costs $99.95 just to own, including a card purchase fee of $9.95 and 12 monthly fees of $7.95. After the first year, consumers must continue to pay the $7.95 monthly fee.
On top of these initial fees, it costs Kardashian Kard users $1 every time they add money to their card, and it costs $1.50 to speak with a live operator. If they want to pay their bills automatically using the card, they’ll be charged $2 per transaction.

And some dork from the Peoples Republic of Connecticut said…

“Among the prepaid debit cards now on the market, the Kardashian Kard is particularly troubling because of its high fees combined with its appeal to financially unsophisticated young adult Kardashian fans,” said Connecticut Attorney General Richard Blumenthal in a warning issued Friday. “Keeping up with the Kardashians is impossible using these cards.”

Ohhh, zing. I get it. What he doesn’t say is that these fees are standard for pre-paid cards.

That’s because, like the new Kardashian MasterCard, prepaid cards are loaded with charges — including activation fees as high as $40, monthly fees of up to $10, paper statement fees of as much as $5.95, inactivity fees up to $9.95 and customer service fees as high as $3.95.

But now Kim has to cancel it, even though she actually charges less than some other pre-paid cards. As if a girl with breasts this big could be anything less than a complete angel. You’ve just made yourself a powerful new enemy, Connecticut Attorney General Richard Blumenthal.