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Monday, November 22, 2010

Kim Kardashion Launches Prepaid Credit Card, KARD

Kim Kardashian teamed up with MasterCard to create a prepaid credit card targeted to teens as young as 16 years old. The card allows parents to put a predetermined amount of money on the card, then track their teens' spending habits via cell phone.

"It is clear that the Kardashians are very wealthy, Kim also just spent $30,000 on a purse," a representative for Mobile Resource said in a statement to ABCNews.com. "They can well afford their expenditures. They wanted to take state of the art technology to their fan base, providing them with a vehicle to protect their money and control and track their spending with all instant alerts to their cell phone."

The Kardashian card isn't the first prepaid credit card targeted at teens. The Visa Buxx card, which also allows parents to put a fixed sum of money on an account, was launched last decade.

Kardashian Prepaid MasterCard:
Card Purchase (Includes monthly fees for 6 months) $59.95
Card Purchase (Includes monthly fees for 12 months) $99.95
Monthly Fee (Applies after initial purchase period) $7.95
Card Replacement - Primary or Companion $9.95
ATM Withdrawal - Domestic $1.50
ATM Inquiry or Decline - Domestic $1.00
ATM Withdrawal - International $2.50
ATM Inquiry or Decline - International $2.00
Point of Sale - Decline -Domestic $1.00
Point of Sale - Decline - International $1.00
External Checking or Savings Transfer (To/From) $1.00
Account to Account Transfer * $1.00
Retail Load Fee (MoneyGram) $1.00
Load Account by Debit/Credit Card ** $1.00
Cancel Account - Request Balance Mailed by Check $6.00
Service Center Care-Live operator $1.50
Bill Pay - Per Item $2.00
Replacement Card Expedite Fee (Overnight) $25.00
* Fee for transferring money from external accounts and to other cardholder accounts
** 2.5% surcharge of transaction amount applies


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