Friday, 14 November 2014

Banks Deny to Issue Credit Cards to Freelancers, Bloggers and Entrepreneurs

Pakistan ranks in top 5 nations with freelancers. To be more precise, Pakistan stands 4th on Elance.com and 5th on oDesk for all the freelance work that is done on these websites.

Top 10 Freelancers Countries (elance.com):



Freelancers, bloggers and entrepreneurs, who work from home are denied by Pakistani Banks to have the facility of credit cards because they don’t have offices.

Bloggers, freelancers always need these credit cards for hosting/services online that help in doing their businesses effectively. Infact, they can’t do their businesses without these services that they buy online with credit cards.

Banks have the requirement that one must have an office address and a home address to be able to comply with credit card issuance policy. This was instructed by State Bank of Pakistan to all the banks.

Please note: Standard Chartered debit cards work online but they fail to get the reimbursed funds, in case of refund. Moreover, there are certain services that accept just credit cards and not the debit cards just because of this very problem.

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