Kardashian Sisters cancelling the ties with Kardashian Kard (prepaid debit card )

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The Kardashian sisters - Kim, Khloe and Kourtney doesn't want to be involved anymore with the prepaid debit card that they previously endorsed after it was discovered that it carries high fees.

Last November 10, the "Kardashian Kard" was launched and it received a significant complains from consumers. Investigations is being conducted if the prepaid debit card violated state laws to protect consumers.

Kardashians' Legal counsel said: "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."

If your asking how outrageous are the fees:

• Just to buy the card and use it costs $59.95 for six months, or $99.95 for 12 months.
• After those six or 12 months are up, it costs $7.95 a month to use the card.
• Users have to pay $1.50 to withdraw cash from an ATM, and $1 to check their balance.
• Talking to a customer representative on the phone costs $1.50 for each call.
• Cancellation of the card costs $6.

Also, according to the terms and conditions on the Kardashian Kard website.

"Losing the card results in a charge of $9.95. If the loss is reported within two days, then losses are limited to $50. But if the loss or theft is not reported, and the issuer believes the user knew it was lost or stolen, then losses could be as high as $500."

It's a financial chaos. The people affiliated with the card blindsided their consumers. 

Posted in: Khloe Kardashian, Kim Kardashian, Kourtney Kardashian, Scam-Scandals-Controversy