An encryption key is a sequence of random bits that acts as the foundation of any cryptographic process. It instructs the encryption algorithm on how to transform readable data (plaintext) into an unreadable form (ciphertext). Without the correct key, even if someone intercepts the ciphertext, they cannot reconstruct the original
A billing cycle is the recurring period during which a credit card, utility, or subscription service records your usage, calculates charges, and generates a statement. In credit cards, it is the duration between two statement dates, usually 28 to 31 days. All transactions posted in that window contribute to the
A foreign transaction fee is a charge taken by a bank or card issuer when you pay in a foreign currency or when your transaction is processed by a foreign bank, even if you are in India. It is usually a percentage of the transaction value, often 1% to 3%
Rewards redemption is the process of exchanging the points or credits you have earned from a program into real benefits. These benefits can be cash, cashback, e-gift vouchers, discounts, bill payments, products, or services. In other words, it is the act of cashing in the points you accumulated on a
A zero forex markup credit card lets you pay in foreign currencies without the usual issuer markup that many cards add during currency conversion. This means that your bill stays close to the network exchange rate, which is often the most cost-effective way to spend abroad or shop on international
A gold exchange is a financial marketplace where gold is bought and sold, either as physical coins and bars or as financial instruments such as futures, options, electronic receipts, and digital contracts. Historically, the term also refers to the gold exchange standard, where currencies were pegged to gold reserves held
Quick definition - Premium credit cards are high-end payment cards built for people with higher income, strong credit, or significant monthly spends. These cards bundle richer rewards, airport lounge access, concierge help, superior travel cover, partner privileges, and higher limits. Fees are higher, but when used well, the value can
Quick take: If you want the purest gold, choose 24K. For daily wear jewelry, 22K is ideal. A 1 carat diamond weighs 0.2 grams. Check the BIS hallmark to confirm the karat of your gold jewelry. What is Karat?Karat (written as K) is a unit that measures the
What makes a credit limit increase important for everyday spending? When your larger expenses cluster around travel, appliances, or medical emergencies, a higher limit adds flexibility without forcing you to open a new card. How does a limit enhancement relate to your credit score? A bigger limit can lower your