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Kardashians 'Terminate' MasterCard Deal

11/29/2010 6:30 PM PST BY TMZ STAFF

The Kardashian family has officially pulled the plug on the new "Kardashian Kard" -- a prepaid debit card backed by MasterCard -- over allegations that it's riddled with hidden, possibly illegal fees.

Kardashian MasterCard Kard

The family fired off a "Notice of Termination" to the companies behind the Kard moments ago -- stating they're sick of the "negative spotlight" since the Attorney General of Connecticut opened an investigation to determine if the Kard violates consumer protection laws.

The A.G. was concerned over several fees associated with the Kard -- which reportedly costs $9.95 to own ... plus 12 monthly fees of $7.95. It also costs $1.50 every time the owner wants to add money to the Kard.

In the letter, obtained by TMZ, Kardashian lawyers write, "The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults."

The lawyers claim the investigation "threatens everything for which [The Kardashians] have worked" -- so the family has decided to "terminate the agreement ... effective immediately."


103 COMMENTS

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46.

Throwback kid    

I don't think the Kardashian's did the right thing, they simply caved into the pressure from all the negative press about what a ripp off their card was!

They read the contract when they entered into the deal, they are as greedy as they come. But this one couldn't slip by the public, they were called to task on it and they folded.

1391 days ago
47.

Bill McKay    

Why are these 3 "famous"?.....oh yeah. They're tramps with no talent, nasty personas and a propensity for being sluts.

A debit card sponsored by them? Maybe they should remarket it as a HCA (Health Care Expense Account) so your treatment for the various ailments after coming in contact with them is tax free

1391 days ago
48.

john johnson    

In the letter, obtained by TMZ, Kardashian lawyers write, "The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults."

.....OH YEAH?!?!?! KIM SHOWING OFF HER TITS ON THE FRONT OF THE CARD IS REALLY ROLE-MODEL MATERIAL. AND ITS ALSO KEEPS HER IN THE RUNNING FOR THE NOBEL PRIZE IN HUMANITY WHEN SHE RISES TO FAME AFTER A SEX TAPE, WAY TO GO HO!

1391 days ago
49.

john johnson    

hey, harvey, i think u may have hit the motherload with this crummy story. these trashbags for role models of goodwill and humanity just can't seem to be eliminated from TMZs storylines of the day. maybe this story's headline should have read: "W.W.L.N.D."-WHAT WOULD LESLIE NIELSEN DO?

1391 days ago
50.

Cordellia    

That's actually a lot better deal than my card. I don't see what the big deal is unless they're charging transaction fees on top of that. Most prepaid debit cards give you an option to pay per transaction (which I DON'T recommend unless you truly never use it) or pay monthly. Mine is $9.99 per month plus $4.95 to reload. Theirs is a lot better deal unless you're not telling us something. There must be other fees 'cause those are nothing.

1391 days ago
51.

Janet    

Greed.

1391 days ago
52.

val    

Nothing more to say ... THE CREDIT CARD WAS A SCAM FOR YOUNG KIDS AND 100 YEAR UP FRONT PLUS ALL ALL ALL THE XTRAS .. PURE GREED WITHOUT THE GUN .. ON THEIR TALK SHOWS WE HAVE TO SEE THEIR ******* AND KIM'S SEX TAPE IS FOR ALL OF US .. GREAT .. JUST HORRIBLE NO CLASS WONDERS .. I THINK THE MOTHER IS THE BIGGEST TRAMP OF ALL.

1391 days ago
53.

Strunz28    

The devil does have a conscience...

1391 days ago
54.

Trooper Tom    

The fees for this card were availabe on day one and no one can tell me these money hungry skanks didn't know about them. They thought that every one thinks they are wonderful and would run out and get the card. These skanks promote any thing that gets them attention for christ sakes the skanky ho Kim turned up at the opening of a toilet in Times Square

1391 days ago
55.

Mr Baxter    

You have a really sad life if you have a Kardashian Kard

1391 days ago
56.

ADR    

CAN THEY TERMINATE JUST LIKE THAT??? I am pretty sure they would have known the legalities before putting their name and image on to plastic. Their Mom is not a dumbass and I am sure they overlooked the fees at the beginning. Now they are doing damage control because of the backlash they are receiving now... stupid girls!!!

I hope Mastercard sues them for every penny they've got and their name AND image goes with it... I hate seeing them around...

1391 days ago
57.

Ann    

They and their lawyers most undoubtedly "read the fine print" and knew what was going on. If the negative publicity didn't keep getting refreshed they would have kept adding to their pocketbooks.

Shame shame shame

1391 days ago
58.

Donna    

Since the Kardashian Moneymaking credit card scheme was scrapped and the book will likely fail what is next they try starting a dirty chat line and result to selling their junk on the street corners out of car trunks to benefit the no shame Kardashian Family.

1391 days ago
59.

GRYFFINDOR!    

well they wouldn't be true armenians unless they scammed other people of their money!

1391 days ago
60.

Mee    

From NO CLOTHES TO LEGITIMATE BUSINESS.

Not sure if it was the other way around (the termination)

Mastercard has a REPUTATION to uphold and not so much for the other party who can barely keep clothes on.

1391 days ago
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