Kardashian Kard Canceled Over "Outrageous" Fees

The Kardashian sisters' new credit card, The Kardashian Kard has been canceled over its high fees. The pre-paid debit card, which launched three weeks ago, was aimed at young adults, the same group that watches the sisters' hit reality show 'Keeping Up With the Kardashians.'

A Minnesota lender on Monday stopped sales of the card, after Connecticut Attorney General Richard Blumenthal said the card carried "outrageous" fees that unfairly targeted financially unsophisticated young adults.

From CNN:

While regular bank debit cards are typically free and don't charge any fees, a 12-month Kardashian Kard costs $99.95 just to own, including a card purchase fee of $9.95 and 12 monthly fees of $7.95. After the first year, consumers must continue to pay the $7.95 monthly fee.

On top of these initial fees, it costs Kardashian Kard users $1 every time they add money to their card, and it costs $1.50 to speak with a live operator. If they want to pay their bills automatically using the card, they'll be charged $2 per transaction.

Blumenthal announced on Friday that his office had launched an investigation into whether the "Kardashian Kard" violated a Conn. state gift card law designed to eliminate "pernicious and predatory fees."

The 250 morons who own the card would receive refunds of balances and up-front fees.