So we have prepaid debit cards from Russell Simmons, RushCard, and now one is coming from the Kardashian sisters. Russell Simmons built up a hip-hop empire but the Kardashian sisters?!? Wasn’t Kim’s initial claim to fame a “straight-to-DVD-movie” a la her friend Paris Hilton? Are people really going to get this card? Do people, or kids, really care?
I don’t know. Maybe I would be more apt to get some kind of heavy metal card. The Metallica Black Card would have promise. Or a better black card could be the Spinal Tap Card (“this card goes to 11!”). Maybe an iron Iron Maiden Card (it could have some awesome album art). How about a Guns N Roses Appetite for Credit Card?
Or better yet, we can have some famous investors cards. Maybe the Peter Lynch Invest in What You Know card? The card analyzes your spending and invests in companies of stores you frequent. Of course we would need the Warren Buffet card, which would invest in well-known companies that have great valuations.
What do you think would make a great endorsement card?
While you think about that, here are some great articles to check out:
Oblivious Investor: Buying Fixed Immediate Annuities
Bible Money Matters: The Great Big List Of 75 Frugal Gifts You Can Give This Christmas
The Wisdom Journal: My new eBook will soon be released
Generation X Finance: Maximizing Your Wardrobe: Looking Great for Less
Dough Roller: A Review of Ebates.com
Simple Financial Lifestyle: How a simple “NO” can simplify your personal finances
My Super Charged Life: Smart Ways to Save Money in a Tough Economy
Personal Dividends: Are You Ready for the Credit Bureaus to Estimate Your Income?
CreditCards.com Blog: Emily’s list: Trim your debt and fat edition
Military.com Paycheck Chronicles: The Mortgage Interest Fallacy
PT Money: 25 Christmas Gift Ideas Under $25
The Military Wallet: 2011 Thrift Savings Plan Contribution Limits
Good Financial Cents: Is College Overrated? The Top 12 Highest Paying Jobs with NO College Degree
Cash Money Life: Wash Sale Rule for Investment Losses
Soldier of Finance: How To Get a Free Credit Score (kind of) and Credit Report Through Quizzle.com
The Smarter Wallet: Racial Profiling & Accent Discrimination: How It Affects Our Finances
Personal Finance By The Book: 5 Roth Conversion Myths
Cash Flow Sherpas: 4 Money Smart Holiday Gifts
Studenomics: Are Student Loans Good Debt?
The Blog of Tim Ferris: 8 Exotic Destinations You Can Afford
My Dollar Plan: How Do You Decide When You Are Done Having Kids?
Million Dollar Journey: Ways to Save Money on Winter Tires
Brip Blap: wealth is not zero-sum
And here are the carnivals Free From Broke participated in:
Carnival of Wealth #11 – Nov 7 2010 Edition — Personal Dividends
Dodgeblogium » All Saints BoMS…
The 282nd Carnival of Personal Finance
Dodgeblogium » BoMS things are getting interestin’
The 254th Festival of Frugality – It’s Hard to be Frugal During the Holidays
Carnival of Financial Planning – Edition #165 – November 12, 2010
Haha. The heavy metal cards are hilarious. I’m not as creative as you are, but how about Johnny Cash Man In Black Card?
Great roundup. I am proud to be a part of it!
Yes! I like a Man in Black card! I can hear him saying “I once maxed a card just to see my credit score die.”
The “man in black” card. That’s a great idea. You better pitch that idea to someone quick – it’s a sure winner. I’d even get one!
Thanks for the link!
I’m running out to the ad agencies right now!
Thanks for the mention FFB!
You’re very welcome MDJ.
I had to do a double-take when I first read that because I thought it said a RICHARD Simmons card. LOL
Haha! Now that would be a funny card. Perhaps every time you were gonna make a useless purchase a guy in short-shorts pops out to stop you?
I thought it said Richard Simmons, too!
Thanks for the mention.
Dan Ray from CreditCards.com here. Enjoyed the post. We did a story a couple years back (if it’s cool to post the link, it’s http://www.creditcards.com/credit-card-news/celebrity-credit-cards-1273.php) that examined the history of the celebrity-faced plastic, and found that almost all of them flop.
Gone are the Reba card, the David Bowie card, the Hulk Hogan card, the Alan Jackson card. Turns out that while we love celebrities, we don’t love them enough to sit on them in our wallets.
Besides, with the Kardashian card, there are a big volume of fees. Look up “Mobile Resource Card” — they’re the actual issuer — and check out their fee schedule. There are about 25 fees associated with their cards — the $7 purchase fee, $7 companion card fee, $5 monthly maintenance fee, the $5 big ass-ets fee, the $7 abuse Bruce Jenner fee (I made the last two up).
Anyway, while this is aimed at kids, there are better and lower-cost ways to introduce kids to plastic, and to monitor their use of it.
Ughh, sounds like some horrible fees! Thanks for the info. [Now a Thin White Duke/Spider From Mars card does sounds interesting.]
I was thinking this same thing the other day. When the Kardashian’s made the news for leaving that credit card event early, I kept thinking what the heck. Granted I heard it was a prepaid credit card type of thing, I am beginning to think that enough is enough.
I honestly wonder if the Kardashian’s read/ understood/ or cared about their “Kard’s” conditions before agreeing to this. I’m sure they only focused on the media-, marketing- & money-making-frenzy end of things. With all the backlash from financial pros and anyone with common sense, I wonder if they’re embarrassed. They should just stick to selling perfume and hot duds.
I wouldn’t be surprised if all they saw was how big the contract was. I don’t think they will be embarrassed by any financial pro backlash.