A while back the Kardashian family had the bright idea of working with an organization to sale their own Mastercard Debit cards. The sisters decided to cut ties when news broke that the venture targeted teens and carries high fees.
Some of the “predatory” fees were:
- Consumers charged $59.95 to use the card for six months, or $99.95 for twelve months.
- Another monthly fee of $7.95
- Checking the balance $1
- Withdraw funds from cash machine $1.50
- Replacement cards cost $9.95
- Cancelling the card $6.
The backlash from selling a card to young adults who definitely do not understand what they would be getting into was enough to make the sisters run for the hills. Well now they are being sued by their former business partners in the deal.
The Revenue Resource Group, LLC filed a lawsuit in Fresno, CA claiming the Kardashians breached their contract when they pulled out of a deal to be the faces of a controversial MasterCard-approved prepaid debit card.
As we previously reported, the K-ladies claimed they quit the deal because they had no idea the card was loaded with hidden, possibly illegal fees … fees that caused the Attorney General of Connecticut to open an investigation into the card.
Revenue Resource Group claims the sisters signed a two-year deal that they should have honored — and since the fam backed out, RRG has been crushed by a wave of bad publicity.
RRG wants the women to fork over more than $75 mil to make things right.
Man I tell you, some of these celeb’s need to read the fine print on what they are getting them selves into. In fact I doubt the Kardashians could care less if the card was not good for their fans. Them backing out of the deal was strictly a PR move. They going to have to spend a lot of money to fight this one. That shouldn’t be hard, they get a new reality show every week. If this means more of them on TV I am going to be sick.