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29

There are several things that go into your credit history. I believe this applies to most credit systems, but I should warn you that most of my information is US-centric. There may be variations in other countries. Some factors: on time payment of a recurring expense - things you pay for after you receive them, rent, utilities, or a cell phone contract may ...


19

Would it be a good decision for someone ... to build up his credit history to apply for credit cards with "worse" terms than average, such as larger interest, shorter or no grace period, etc.? It depends on what terms you can get. In your position I would consider these terms a high priority: No annual fee. A normal length grace period, or at least one ...


17

You could of course request payment in EUR or USD, maybe keep a PayPal account and just leave the funds in PayPal unless you need to withdraw the money in local currency? Either currency would be fine because the problem you are trying to overcome is the instability in the ruble. EUR and USD both accomplish that. If you can get local clients to pay in EUR ...


9

I'm the contrarian on the site. I believe that credit cards are the spawn of the devil and should be avoided at all costs. I have lived with and without them, and can confidently say life is much more relaxed without them. Instead of getting a credit card, build up your cash reserves. If you want to get rich, do rich people stuff. Rich people don't ...


6

I have heard that I can give 10k as a gift in cash for my aunt to take on the plane. Please don't, for her own safety. Don't know when was the last you've been to Russia, but that's not a place to walk around with $10K in cash in your pocket. For the rest, the 20k, I am not sure what is the best course of action. Would something like Western Union, ...


6

Asset diversification If you have significant assets, such as a large deposit, then diversification of risks such as currency risk is good practice - there are many good options, but keeping 100% of it in roubles is definitely not a good idea, nor is keeping 100% of it in a single foreign currency. Of course, it would be much more beneficial to have done ...


5

Merchants might need to see the code as a condition of sale. It provides proof to the card issuer (i.e. your bank) that the card is present. At least in the US, occasionaly the signature pad at a store says "please hand card to cashier." The cashier looks at the back and needs to type in the CVC2 code to verify the transaction. If it were blacked out, ...


5

My suggestion, if available in your country (I'm in the USA), is to start with something called a Secured Credit Card. This is more or less guaranteed for someone without any credit history and usually has favorable terms. The catch is the secured part - it requires up front escrow of the full credit limit. For example, for a credit limit of $1000 on the ...


4

The Russian ETFs may be broad, but a quick glance at ERUS and RBL's sector breakdown shows they're 45% and 47% energy sector, and their top holding is Gazprom comprising 9% and 14% of each ETF respectively, with plenty more oil and gas companies in their top 10 too. A harder question would be how to invest in Russia and avoid oil I think (and even then, the ...


4

Short answer: Yes. If you haven't yet established a good credit history, you're not going to get the best possible terms on a credit card. Suck it up and get a card with mediocre terms. When I was young, this meant a very small credit limit and a higher interest rate. Then keep your spending within the credit limit, and pay it off every month so the ...


3

All the EMV contactless payment cards (paypass, expresspay, paywave etc) will sometimes 'request to go online' when making a transaction, which translates into asking for a PIN. The info you received with the card should have included something about this. For example, the Mastercard information about PayPass includes the note "Contactless" payments are ...


3

Something else to consider. A waiter could just as easily swipe your card on their own device(many exist for smart phones) and charge your card or steal data this way. The act of giving your card to someone else makes you at risk even with this number covered. If you want to be protected completely i would carry cash.


3

Avoid exchanging in airports, hotels and other typical tourist locations as you get much worse rates (this is true not only in Russia). Only banks can run currency exchange operations in Russia. Find any regular bank outlet and exchange there. Euros are as common as USD, thus there won't be any problems. Be prepared that no one will speak English or any ...


3

You could do nothing for a while longer. Foreign exchange simply means your services are cheaper and imports and more expensive, local transactions are otherwise unaffected. Your main worry is whether the government's attempts to revert these issues will create inflation within Russia. Local clients will likely not care to pay you in Euros, Dollars, or ...


2

The ruble was, is and will be very unstable because of unstable political situation in Russia and the economy strongly dependent of the export of raw resources. What you can do? I assume, you want to minimize risk. The best way to achieve that is to make your savings in some stable currency. Euro and Swiss Franc are currently very stable currencies, so ...


2

Generally, it would be an accountant. Specifically in the case of very "private" (or unorganized, which is even worse) person - forensic accountant. Since there's no will - it will probably require a lawyer as well to gain access to all the accounts the accountant discovers. I would start with a good estate attorney, who in turn will hire a forensic ...


2

Several options are available. Bank card She may ask the US bank to issue a debit card (VISA most probably) to her account, and mail this card to Russia. I think this can be done without much problems, though sending anything by mail may be unreliable. After this she just withdraws the money from local ATM. Some withdrawal fee may apply, which may be ...


2

I had my parents co-sign to get my first credit card. I had the same insufficient credit history status at your age. Until I had my first car loan, and paid it off I wasn't taken seriously by creditors. After that and a few years of work history, I had mailboxes full of credit card offers.


1

You're in luck - only 2 countries are regressive enough to tax you based on your citizenship regardless of where you live / where you earn your income, and you're in one of them. Apart from the US, only Eritrea taxes based on citizenship.


1

According to the Social Security Administration's FAQ, there is no general requirement to have your funds deposited in a US-based bank; you just need to live in a country where the SSA can send benefits. A quick glance suggests Russia is one of those countries, so I would contact the SSA to figure out the details of setting up such internationals deposits.


1

It seems like you were both the merchant and consumer in this transaction. This is generally against the terms of service for credit cards. That aside, merchants always pay a percent of the transaction as a fee. It's how credit cards work.


1

I've consulted the Bank's stuff, they give the fillowing answer: 3DS service is used for verification only, it knows nothing about Banks fees. Also the tranfer was made from InternetBank client of target card Bank. It also knows nothing about source Banks fees. In this situation unfortunately there were not technical possibility to inform me about fees.


1

Bitcoins are very liquid. They can be sold or spent very easily. And you don't depend on the banks being solvent to keep your Bitcoin funds, since you can keep them yourself in an offline wallet. I'm not sure what's the legality of Bitcoin in Russia, though.


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