Just three weeks ago, the Kardashian sisters came out with their new debit card, the Kardashian Kard, which was aimed at supposedly teaching teens how to save money and be more financially responsible. Yeah, good luck with that one.

Apparently I wasn’t the only one that was skeptical about the intentions of the Kardashians. After the Attorney General busted a cap on their ginormous butts, they have decided to call it quits with the card.

The family has sent a notice of termination to the companies behind the Mastercard, saying that they’re sick of the negative spotlight in regard to the card. The Attorney General of Connecticut called them out after investigating the hidden fees of the card and was determining if the card violated consumer protection laws.

To own the card, the consumer had to fork over $9.95, a monthly fee of $7.95 and a fee of $1.50 every time someone adds money to use it.

“Daily Fill” has more:

You even have to pay extra to deposit funds to the card, and to add insult to injury, there’s also an ATM withdrawal fee (in addition to regular ATM charges of course). And if you get tired of the card, it costs $6 to close it.
Of course if you don’t close the “Kard”, it costs $7.95 per month to keep it open, so maybe it’s just better to cut your losses, if you somehow were enticed into getting one of these.

The Kardashian’s lawyer, stated, “The Kardashians have worked extremely long and hard to create a positive public persona that appeals to everyone, particularly young adults.” They went on to say that the investigation “threatens everything for which they have worked” so they have decided to “terminate the agreement….effective immediately.”

You know what I think happened? I think they finally caught on to the fact that they couldn’t swindle the masses with this ridiculous card. It was insane for them to think they could hose people on such a grand scale. Shame on them!

image credit: fame pictures