Justin Bieber Endorses Teeny-Bopper Prepaid Debit Card

by Nate Wooley | January 7, 2013 10:28 am

[1]Teen idol Justin Bieber is sponsoring a prepaid debit card aimed at his followers.

The new card, created by BillMyParents (PINK:BMPI[2]), is part of the SpendSmart program which promotes responsible spending to youngsters, Forbes reports[3]. In addition to sponsoring the card, Bieber is producing a series of videos advocating responsibility to the card’s owners and to teach good spending habits.

As a part of the agreement, Bieber will promote the card to his legions of social media fans. At present, the teen heartthrob has more than 48 million fans on Facebook (NASDAQ:FB[4]) and 30 million on Twitter.

The card does come loaded with fees, however. Owners will be assessed monthly fees ($3.95) as well as being billed for items such as loading money onto the card (up to $2.95), card replacement ($7.95), ATM charges (up to $1.50) and an inactivity charge if the card isn’t used for 90 days ($3/month).

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Endnotes:

  1. [Image]: https://investorplace.com/wp-content/uploads/2012/07/Bieber.jpg
  2. BMPI: http://studio-5.financialcontent.com/investplace/quote?Symbol=BMPI
  3. Forbes reports: http://www.forbes.com/sites/moneybuilder/2013/01/07/justin-bieber-promotes-prepaid-debit-card/
  4. FB: http://studio-5.financialcontent.com/investplace/quote?Symbol=FB
  5. Photographer Killed After Taking Pics of Justin Bieber’s Car: https://investorplace.com/2013/01/photographer-killed-after-taking-pics-of-justin-biebers-car/
  6. Top Celebs Gone Good 2012: https://investorplace.com/2012/12/top-celebs-gone-good-2012/
  7. Celebrity Email Hacker Gets 10 Years in Prison: https://investorplace.com/2012/12/hollywood-hacker-gets-10-years-in-prison/

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