The Hello Kitty Debit Master Card lets little girls shop till they drop. It’s supposed to teach money management.
Hello Kitty’s lesson comes with a cost. The activation fee is $14.95 (and another $14.95 if you renew after a year). There is a $2.95 monthly maintenance fee, a $1.50 ATM-withdrawal fee and a $1-per-minute fee to talk to a customer service agent.
Hello Kitty. Good-bye, money.
“It’s no different than an allowance; just a safer way to manage an allowance because if you’re a parent, you can find every place your daughter spent her money: how much, when and where,” (Legend Credit’s Peter) Klamka said. “You get a higher level of control than just giving your daughter $100 and say, ‘Go to the mall.’ “
I achieved an even higher level control by never giving my daughter $100 to go to the mall.