Katie Price to launch her own credit card
katie price is set to launch her own credit card, personally branded ‘pink and girly’, aimed at young women. The credit card will complement the range of jewellry, clothing and cosmetics that are also planned to hit our shops sometime next year.
The idea of a Jordan or Katie Price branded credit card has caused concern amongst consumer groups who say this could encourage young women to get into debt.
debt on our doorstep CEO, Damon Gibbons said: “This is a totally irresponsible idea. Jordan is a very influential celebrity who has a lot of young fans who want to be just like her.
“Giving them a credit card endorsed by Jordan herself will encourage youngsters to spend cash on living a lifestyle they wouldn’t normally be able to fund.
“UK debt is currently up to around £1.3trillion. The last thing young people need is to be sold a glossy celebrity-backed credit card.”
A spokeswoman for Katie Price said: “This is something we are in talks with financial companies about doing in the next year.
“It will be the Katie Price credit card and it will be her own card rather than something Katie just puts her name to.”
I’m not that sure if Katie will be funding this with her own money! I’m sure; if it goes ahead then the credit card will be funded by one of the big credit card companies who already provide other brands or banks with credit card facilities for their customers.
I think this is a good idea for Katie Price, I wonder how long it will be before we see more celebrities fronting credit cards? If young people are stupid enough to spend money they don’t have then maybe we need to think about increasing the eligability age of a credit card and loan or mortgage to 21 years old?
At 18 years of age I knew I was spending money on a credit card that I couldn’t repay at the time. It didn’t stop me, and having a celebrity on the credit card wouldn’t have made a bit of difference. The bank where I held my current account posted out the credit card offer, all I had to do was sign one peice of paper and post it back in a pre-paid envolope! Much easier and far more influential than a celebrity branded credit card.
In fact it’s not really much different to the football credit cards that are already available today, it’s just a celebrity as opposed to a football club.