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Credit Cards

Reward Points

Credit card companies have implemented a clever tactic to incentivize card usage - reward points. For instance, Citibank card holders earn one point for every 100 rupees spent using their card. These points can then be exchanged for various rewards such as gifts, product purchases, and even for covering annual fees. Essentially, each point holds a value of one rupee.

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Understand the meaning and definition of Minimum Payment in the context of stock market, trading, and investments.

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