The Kardashian sisters have been facing a lot of controversy recently, and their association has not gone down very well with the general public. They have been the target of media criticism for a quite a while now, and are being bashed by the media for having supported a credit card that is “predatory” in nature.
After facing criticism for almost a month, the Kardashians have finally managed to cancel their prepaid credit card and any association with the issuing bank, and forced them out of Minnesota.
The Minnesota lender, the University National Bank has been forced to cancel its prepaid debit card following an order by the Connecticut Attorney General, Richard Bluementhal. He stated that the prepaid credit card carried fees that were simply “outrageous”, as it did not follow fair practices by targeting young adults who were unaware of these charges.
The card that was “keeping up with the Kardashians”, was a big hit ever since its launch on the 9th of November with over 250 customers in its fold. The credit card was branded “Kardashian Kard”, and was being used by these customers since then. However, after the cancelation of credit card, the customers may use it for an additional 30 days and after that period, will receive the refund of the up-front fees as well as balance refunds.
The agreement with the Kardashians` company (Dash Dolls LLC), is to be reviewed by the St. Paul-based company. They have stated that they will ensure all clients are not further put out, and they would get their refunds with “as little inconvenience as possible”.
Blumenthal has taken note of the fact that the prepaid credit card had burdened the fans of the Kardashian sisters by unnecessarily charging them with outrageous fees, such as the $100-fee that is charged per annum, as well as cancelation fees, ATM withdrawals fees and even fees for talking with the phone operator.
As per the letter that was released by the Kardashians` legal counsel, Dennis Roach, the sisters decided to pull out of the credit card agreement, and thereby allowed the bank to use the credit card as per their style of functioning.
Their legal counsel also stated that the Kardashian sisters had worked very hard to build a good image, especially with youth, and this negative impact was due to the tie-up with the credit card. He also stated that the comments made by the Attorney General had threatened all the hard work the sisters had toiled for.
