Kim Kardashian's Credit Card May Be The Worst Credit Card Ever



Kim Kardashian’s new credit card, “The Kardashian Kard,” has a terrible pricing model. Worse than you might expect.It’s a prepaid card, which means it targets kids. Fair enough.

But it costs between $60 and $100 to activate — an unprecedented starter fee for prepaid cards.

Celent analyst Zilvinas Bareisis tells American Banker: “I am baffled — this card doesn’t seem to make sense at all, it appears to be targeted at teenagers, yet with ridiculous fees. If there is such a thing as a luxury prepaid market, then it’s not going to be the teens.

Here’s the full list of abnormally high fees:

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 centre 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

Don’t miss: Here’s 10 Ways Credit Card Companies Are Still Screwing You

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