Kardashian Kard Already Kaput

What's Hot


2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

After less a month on the market, the ill-conceived Kardashian Kard - a debit card aimed at teens - has already been canceled.

Seems like only last week that we told you to Keep Away from the Kardashian Kard. Oh, wait – it was last week.

Following is a press release we just got from Consumers Union …

WASHINGTON, D.C. – Just a few weeks after launching their own prepaid debt card, the Kardashians have decided to pull it from the market after being roundly criticized for marketing their high cost “Kardashian Kard” to teens.

Consumers Union, the nonprofit publisher of Consumer Reports, had criticized the Kardashians last week for cashing in on their celebrity status by hawking a prepaid card loaded with hidden fees and weak consumer protections.

“After enduring a week of bad publicity, the Kardashians have made the right call by pulling out of the prepaid card business,” said Gail Hillebrand, director of Consumers Union’s Defend Your Dollars campaign (www.DefendYourDollars.org).  “But other prepaid card rip-offs are rampant in the marketplace and consumers remain vulnerable to high fees and weak protections.

“The newly authorized Consumer Financial Protection Bureau should make reining in abusive prepaid card practices a top priority,” said Pam Banks, policy counsel for Consumers Union.  “Any other celebrity or business that is thinking of associating its name with a prepaid card should take a close look at the fees and protections, and say “no thanks” unless the fees are low and the missing consumer protections are added.”

As we said in our original story, while the Kardashian Kard was particularly bad, nearly all pre-paid debit cards are costly and should be avoided – even those endorsed by the latest flavor-of-the-month.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Costco Releases Dozens of New Deals

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,996 more deals!