M16S / Tamilnad Mercantile Bank / Tamilnad Mercantile TMB Phoenix (RuPay) Credit Card
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Tamilnad Mercantile TMB Phoenix (RuPay) Credit Card
The Tamilnad Mercantile TMB Phoenix (RuPay) Credit Card costs Rs 500 a year, waived if you spend Rs 1,00,000 in a year. The forex markup is 3.5%. Read from the issuer's own documents on 11 Oct 2026.
- Annual fee
- Rs 500+ GST
- Fee waived at
- Rs 1,00,000annual spend
- Base return
- —
- Forex markup
- 3.5%
- Interest
- 2%a month
Apply on tmb.bank.inOpens the bank’s own page.
Fees
| Joining fee | Free |
|---|---|
| Annual fee | Rs 500 |
| Annual spend that waives the fee | Rs 1,00,000 |
| Fee notes | No joining or issuance fee. Renewal Rs 500 a year, waived on calendar-year spend of Rs 1,00,000 or more. Replacement Rs 100. |
Travel and perks
| Forex markup | 3.5% |
|---|
Charges and eligibility
| Interest per month | 2% |
|---|---|
| Late payment fee | Rs 250 + GST if minimum amount due is not paid |
| Cash advance fee | 3% of amount, min Rs 30 (per Rs 1,000 or part) at TMB ATMs; 3% plus other bank charges elsewhere; cash limit 25% of credit limit |
| Eligibility | Individual or proprietor with a TMB current account, 1 year vintage; 2 ITRs; annual income Rs 3 lakh+; CIBIL 700+. |
| Fine-print notes | RuPay Platinum aimed at business spending. Interest 24% a year. Minimum repayment 10% of billed amount, min Rs 500. TMB's MITC page (tabs: Visa/Master, RuPay Wings, RuPay Phoenix) did not render its content, so terms are from product pages only. No reward programme, lounge access or fuel surcharge waiver is mentioned on any TMB card page. BankBazaar still lists older names (TMB General, TMB India Card). Cards are issued to existing TMB customers. |
Questions
- What is the annual fee of the Tamilnad Mercantile TMB Phoenix (RuPay) Credit Card?
- Rs 500 a year, before GST. It is waived if you spend Rs 1,00,000 in a year.
- What is the forex markup on the Tamilnad Mercantile TMB Phoenix (RuPay) Credit Card?
- 3.5% of each foreign-currency transaction, before GST.