TMB Phoenix RuPay Credit Card: Key Highlights to Know About

Bio

Sandipan Mitra is the CEO and co-founder of Pice. He boasts eight years of experience in the B2B and fintech sector. Sandipan's journey includes significant roles at multiple Indian Unicorns Including Product at PayU, and as founding member / VP, Product at Open Financial Technologies.

26 Mar 26
3 mins

Sandipan Mitra

08 Mins
26-03-26

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Table of Contents

TMB Phoenix RuPay Credit Card Benefits & Features
TMB Phoenix RuPay Credit Card Eligibility Criteria
Documents Required for TMB Phoenix RuPay Credit Card
TMB Phoenix RuPay Credit Card Fees and Charges

The TMB Phoenix RuPay credit card comes with no joining fees.
Get lost card liability coverage of up to ₹50,000.
Submitting the latest IT return for 2 years is mandatory when applying.
Associated with a late payment fee of ₹250 + GST.

The TMB Phoenix RuPay Credit Card is tailored for business customers, offering valuable benefits on utilities, insurance and other essential expenses.

With features like a buy now, pay later option through EMIs and an annual fee waiver, it is designed to support your business needs seamlessly. Read on to explore what other features and benefits the TMB Phoenix RuPay Credit Card offers.

TMB Phoenix RuPay Credit Card Benefits & Features

There is an option for EMI available for spends in single or cumulative amounts of ₹5,000 and above for specific spend categories (except cash withdrawal).
Avail insurance coverage of personal accident death covers of ₹2 lakh.
Get a lost card liability coverage of up to ₹50,000, covered from the time of intimation to the bank.
The annual renewal fee is waivable if the customer spends ₹1,00,000 in a calendar year.

TMB Phoenix RuPay Credit Card Eligibility Criteria

Any proprietor or individual having a current account with our bank for a minimum tenure of 1 year.
Applicants should present 2 income tax returns filed of ₹3 lakh and above (per annum).
A minimum CIBIL score of 700.

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Documents Required for TMB Phoenix RuPay Credit Card

KYC Documents such as PAN card (mandatory), Aadhaar card, voter ID or Passport
Proof of Income
Latest IT return for 2 years
Passport-sized photographs
Duly signed application form

TMB Phoenix RuPay Credit Card Fees and Charges

Parameters	Fees and Charges
Joining Fee	NIL
Annual Renewal Fee	₹500
Cash Withdrawal Fee	3% of the transaction amount, subject to a minimum of ₹30
Finance Charges	24% per annum (from the date of cash withdrawal until repayment)
Foreign Markup Fee	Up to 3.50%
Late Payment Fee	₹250 + GST

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Footnote

The card comes with an interest-free credit period of 45 days.

FAQs

What is the cash advance limit of the TMB Phoenix RuPay Credit Card?

The cash advance limit of the TMB Phoenix RuPay Credit Card is 25% of the sanctioned card limit. The maximum limit per day of cash withdrawal is ₹25,000.

What is the minimum repayment on the revolving credit of the TMB Phoenix RuPay Credit Card?

The minimum repayment on revolving credit of the TMB Phoenix RuPay variant of the card is 10% of the monthly total billed amount. It is subject to a minimum of ₹500.

How to activate and set PIN for TMB Phoenix RuPay Credit Card?

Log in to the self-care portal of Tamilnad Mercantile Bank Ltd. (TMB), then click on the 'view all cards' option. Then select 'change PIN' and enter details to set up the PIN successfully.