All cards / Tamilnad Mercantile Bank
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.
Annual fee
₹500
Joining fee
₹0
Reward type
cashback
Base reward rate
0.5%
Card network
RuPay
Card tier
Mid
Who this card fits
Best suited to applicants with a credit score of roughly 700+ whose spend is concentrated in utilities. Its annual fee waives if you can comfortably clear the spend threshold.
Rewards & benefits
- Rewards rate: 0.5% base rate
Benefits by category
- 🧾 Utilities
1% reward rate
- ⛽ Fuel
1% fuel surcharge waiver on eligible fuel transactions
- 🌍 Forex / international spend
3.5% forex markup on international transactions
Eligibility
- Minimum credit score: 700
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
Fees & charges
- Spend-based waiver: Waived on annual spend of ₹1,00,000
- Foreign currency markup: 3.5%
- Fuel surcharge waiver: 1% fuel surcharge waiver, standard across TMB RuPay cards.
Benefits
- Designed for business spends — utility bills, tax payments and insurance premiums
- Up to 45 days of interest-free credit on eligible transactions
- 1% fuel surcharge waiver on eligible fuel transactions
Pros
- + No joining fee; ₹500 annual renewal fee waived on ₹1 lakh yearly spend
- + Up to 45 days interest-free credit
- + Useful for routine business payments (utilities, tax, insurance)
Cons
- − Only for TMB current-account holders (1-year vintage, ITR filed for 2 years, min income ₹3 lakh)
- − Reward rate on non-business categories not clearly disclosed
- − Limited to TMB's South India-heavy branch network