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Tamilnad Mercantile Bank
TMB Phoenix Credit Card
RuPay
TMB Phoenix Credit Card
TMB Phoenix is a zero-fee RuPay Platinum-grade card built for business owners, covering utility, tax and insurance payments with up to 45 days interest-free.
Rates and fees last verified 15 July 2026.
Annual fee
₹0
Joining fee
₹0
Reward type
cashback
Base reward rate
0.5%
Card network
RuPay
Card tier
Mid
Benefits by category
- 🧾 Utilities
1% reward rate
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹20,000
- Employment: salaried, self-employed
Benefits
- Designed for business spends — utility bills, tax payments and insurance premiums
- Up to 45 days of interest-free credit on eligible transactions
Pros
- + Zero joining/annual fee
- + Up to 45 days interest-free credit
- + Useful for routine business payments (utilities, tax, insurance)
Cons
- − Reward rate on non-business categories not clearly disclosed
- − Limited to TMB's South India-heavy branch network