Tamilnad Mercantile Bank (TMB) is a regional bank that was established in 1921 and is headquartered in Thoothukudi, Tamil Nadu. With 552 branches spread across India, TMB has been serving its customers for decades, providing a number of banking services.
TMB offers credit cards to its customers to meet their vast financial needs. The TMB Wings RuPay Credit Card is designed to assist with bill payments, groceries, fees, and other day-to-day expenses. It comes with features such as a free credit period of 45 days, insurance coverage for personal accidents, and lost card liability. The TMB Phoenix RuPay Credit Card was created for business customers and allows transactions on utilities, tax payments, and insurance. The TMB Platinum and TMB Titanium Credit Cards serve cardholders with different financial requirements, providing benefits such as no joining fee, flexible credit limits, and additional insurance coverage. TMB offers a variety of credit cards to make banking easier and safer for its customers.
TMB Wings RuPay Credit Card
If you are looking for a credit card to help with bill payments, groceries, fees, and other expenses, the TMB Wings RuPay is the best choice. With no joining fee, this card is valid for three years. The annual charge is ₹250, along with taxes, which are waived on spending ₹50,000 in any quarter of the calendar year. Other features include a free credit period of 45 days, a free add-on card, and foreign currency markup charges of 3.5%. This card offers security to its users by providing insurance coverage, which includes personal accident death coverage of ₹2 lakhs and lost card liability of up to ₹50,000. To be eligible for this card, users need to have an SB account with the bank for at least 1 year, a minimum annual income of ₹3 lakhs, and a CIBIL score of at least 700. They would also need to provide the latest 3 month’s payslips or IT returns for the last 2 years.
TMB Phoneix RuPay Credit Card
The TMB Phoneix RuPay Credit Card is introduced exclusively for business customers so that they can make transactions on utilities, tax payments, insurance, etc. This card comes with no joining fee but has an annual fee of ₹500 plus taxes, which can be waived on spending ₹1 lakh in the previous year. The eligibility criteria for this card are that applicants must have a current account with Tamilnad Mercantile Bank for at least one year, have filed at least 2 income tax returns of ₹3 lakhs or more per year, and possess a CIBIL score of at least 700 as per the latest report. They would even need to provide their latest income tax returns for the past 2 years. This card offers insurance coverage, which includes free personal accident death coverage and lost card liability so that applicants feel secure when making transactions or traveling.
TMB Platinum Credit Card
The TMB Platinum Credit Card is best suited for people who can maintain their individual term deposits of ₹50,000 and above for a minimum period of 3 years with the bank. With no joining or annual fee, this card offers flexibility to its cardholders with a maximum limit of ₹5 lakhs and a minimum card limit of ₹20,000. The card provides the benefit of a cash advance of up to 25% of the credit card limit and a maximum daily cash withdrawal limit of ₹25,000. The EMV chip card variant offers tap-and-go payment capabilities at no extra cost. Cardholders can also enjoy a free credit period of up to 45 days. The TMB Platinum Credit Card provides insurance cover, including lost card liability up to ₹50,000 and personal accidental death coverage of ₹5 lakhs for cardholders. With easy repayment methods such as mobile banking, internet banking, and over-the-counter payments at branches, this card guarantees a secure banking experience.
TMB Titanium Credit Card
If you have a credit card, you would love to have flexible credit limits. The TMB Titanium Credit Card provides flexible credit limits without charging an additional fee. This card comes with no joining fee or annual fee, making it a lifetime-free card. Users get a maximum card limit of ₹5 lakhs and a minimum card limit of ₹20,000. The validity of the card is 3 years, and it also offers a free credit period of up to 45 days. Users will get the benefit of insurance coverage where they will receive lost card liability of up to ₹50,000 and personal death accident coverage of ₹5 lakhs. Users will receive a GREEN PIN, and then they can generate the PIN by inserting the card into TMB ATM using OTP or by using the credit card customer portal by providing the card number, expiration date, date of birth, and OTP. Free add-on cards will be offered to spouses and children above the age of 18. To be eligible for this card, the applicant needs to have an annual income of ₹2 lakhs or more.
Bottom Line
Tamilnad Mercantile Bank provides credit cards to meet the financial preferences of its customers. The TMB Wings RuPay Credit Card is designed for everyday expenses, the TMB Phonenix Credit Card is created for businesses, while the TMB Platinum and TMB Titanium Credit Cards offer flexible credit limits. The bank aims to make banking secure and comfortable for its customers by offering features such as free credit periods, insurance coverage, and no joining fees on certain cards. TMB offers credit card options to make transactions easier and for financial security for personal or business use. Customers can choose the card that best suits their needs and for a reliable banking experience with Tamilnad Mercantile Bank.