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Justin Bieberís Fee-Ridden Prepaid Debit Card Targets Teens
Going Banking Rates.con ^

Posted on 01/06/2013 4:41:02 AM PST by SMGFan

In recent months, a slew of celebrity-endorsed prepaid cards have been introduced to the market. From Magic Johnson and Suze Orman to Russell Simmons, it seems everyone wants to offer the public a checking account and debit card rolled into one.

Teen star Justin Bieber is the latest celebrity to jump on the prepaid bandwagon. But unlike most cards previously produced, his card is reportedly geared toward teenagers. With many prepaid cards catching a lot of flak from financial experts for having high fees, will his card be viewed as one that actually benefits its audience?

Cited from: http://www.gobankingrates.com/checking-account/justin-bieber-fee-ridden-prepaid-debit-card-targets-teens/#ixzz2HCLCJ988

(Excerpt) Read more at gobankingrates.com ...


TOPICS: Business/Economy; Culture/Society
KEYWORDS: justinbieber; magicjohnson; russellsimmons; suzeorman
Perfect for the low information voters.

He is an alledged pot smoker. Great spokesman!

Kim Kardashian etc fended off credit card firm's lawsuit in 2011 after they stopped being their spokesman .

1 posted on 01/06/2013 4:41:13 AM PST by SMGFan
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To: SMGFan

I don’t care about the spokesman. I’m more concerned with the lessons we’re teaching about debt and reliance on credit.


2 posted on 01/06/2013 4:57:19 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: cripplecreek

I don’t care about the spokesman. I’m more concerned with the lessons we’re teaching about debt and reliance on credit
= = = = = = = = = = = = = = = = = = = = = = = = = = = =
I ‘love’ the ads on the idiot box...

NEVER AGAIN PAY AN OVER DRAFT FEE. (screamed out)

This card ensures it etc....without ‘telling’ anyone if you have a 150 credit and your bill is 150.01 it gets rejected.
Definitely better than the vultures that would ‘allow’ it to go thru then charge 35 or so bucks for the ‘act of kindness’ in covering the penny.

I know, 150 means 150, just making a point...


3 posted on 01/06/2013 5:07:33 AM PST by xrmusn (6/98 "It is virtually impossible to clean the pond as long as the pigs are still crapping in it")
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To: SMGFan

Kids a ltle creep and as a performer, IMHO, he stinks. And he bears some responsibility in the death of that photographer. They should take away his license, impound his car........for a couple of years.


4 posted on 01/06/2013 5:17:00 AM PST by Sacajaweau
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To: xrmusn

America’s addiction to magic money is killing us. I realize a debit card isn’t quite the same as a credit car but its close enough. Kind of like a gateway drug.

And we wonder why spending is out of control in America.


5 posted on 01/06/2013 5:21:20 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: cripplecreek

The affect of moral relativism.. having association with celebrity overrides getting ripped off.


6 posted on 01/06/2013 5:21:20 AM PST by Track9 ("The nightly "news" is for the ignorant.")
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To: Sacajaweau

WHAT? Beiber wasn’t even in the car - someone else was using it. The death of the photog is no one’s fault except for the photog.


7 posted on 01/06/2013 5:23:00 AM PST by Gabz (Democrats for Voldemort.)
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To: Sacajaweau
And he bears some responsibility

How does he bear responsibility for what some stalkarazzi does?

8 posted on 01/06/2013 5:25:38 AM PST by BipolarBob (Happy Hunger Games! May the odds be ever in your favor.)
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To: SMGFan

My son is taking the required course in school next term about managing home finances. I can’t wait to see how they position debt. (and I can’t wait to show him a mortgage amortization table!)


9 posted on 01/06/2013 5:31:50 AM PST by gotribe
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To: gotribe; KC_Lion
If you're interested in another little lesson to teach your son, KC_lion sent me this interesting video of a speech by Calvin Coolidge about federal debt and its effect on the American people. He calls the debt of $7.5 billion a "Stupendous sum".

President Coolidge, 1st Presidential Film (1924)

Also kind of interesting that the first "talkie" film of a president was about debt.
10 posted on 01/06/2013 5:43:19 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: gotribe; cripplecreek

I would take Silent Cal’s advice over Justin Beiber anyday.


11 posted on 01/06/2013 5:56:33 AM PST by KC_Lion (Build the America you want to live in at your address, and keep looking up.-Sarah Palin)
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To: KC_Lion

Its easy to understand why Coolidge was Reagan’s favorite.


12 posted on 01/06/2013 6:03:45 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: SMGFan

An entertainment industry that dumbs down Americans and helps those who encourage frivolous spending and more debt represent an immense asset to creating critical thinkers and a culture of responsibility ( sarcasm intended).


13 posted on 01/06/2013 6:41:59 AM PST by apoliticalone
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To: cripplecreek

Interesting link to that first Presidential movie of a speech.

The creation of the Federal Reserve, the income tax, a culture of debt, and Hollywood propaganda machine has made America what it is today.


14 posted on 01/06/2013 6:54:11 AM PST by apoliticalone
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To: apoliticalone

Excellent post. The self-interested entertainment industry, the corrupt “educational” establishment and the mendacious main stream media are largely responsible for dumbing down the country. The result is a naive and gullible population. Critical thinking is discouraged in Amerika.


15 posted on 01/06/2013 7:06:13 AM PST by Starboard
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To: apoliticalone

The creation of the Federal Reserve
********
Are you suggesting that you can’t print your way to prosperity? /sarc


16 posted on 01/06/2013 7:08:07 AM PST by Starboard
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To: SMGFan

Just another sign of moral and intellectual decay. Societal Entropy.


17 posted on 01/06/2013 7:11:35 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: Starboard

just as if you’re standing in a bucket and trying to lift yourself up by the handle.


18 posted on 01/06/2013 8:01:55 AM PST by SkyDancer (Live your life in such a way that the Westboro church will want to picket your funeral.)
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To: SMGFan

Without cards like these the next stop for a person who would have one is a loanshark.

Prettying up the credit card situation ala Obama and Elizabeth Warren, BECAUSE IT’S **”FAIR”** AND SHIFTS THE RESPONSIBILITY&DEBT FROM THE DEBTORS TO THOSE OF US WHO PAY OUR BILLS AND LIVE WITHIN OUR MEANS, leaves a gigantic hole in the credit-seeker’s lives- they aren’t going away, and they’ll always need the money.

It’s business, and the credit companies shouldn’t be expected to lend and lose, per government agencies like Fannie&Freddie, student loans, etc.

Common sense.

Enough of these idiots who think with their hormones.


19 posted on 01/06/2013 8:04:56 AM PST by 4buttons
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To: cripplecreek
I was thinking about how they'll learn about interest when the
student loan bills come flying in. Hard lessons the hard way. Let them pay..
20 posted on 01/06/2013 8:07:07 AM PST by MaxMax (Gun free zones was the invitation to gun bans)
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To: SMGFan

Never mind the punk who’s endorsing this card — my question is, how can a teenager be approved for a card like this? Don’t you have to be over 18 to enter into a contract (which this would be)?


21 posted on 01/06/2013 10:03:09 AM PST by Fast Moving Angel (A moral wrong is not a civil right: No religious sanction of an irreligious act.)
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