TMB WINGS RuPay Credit Card – Benefits, Fees & Eligibility

Introduction

TMB Wings RuPay Credit Card

The TMB Wings RuPay Credit Card, issued by Tamilnad Mercantile Bank on the RuPay network, is positioned as an entry-level card designed for managing everyday expenses such as bill payments, groceries, and fees. Its key differentiating benefits include a lifetime-free status with no joining fee, a generous free credit period of up to 45 days, and comprehensive insurance coverage for personal accidents and lost card liability.

TMB Phoenix RuPay Credit Card

The TMB Phoenix RuPay Credit Card, also from Tamilnad Mercantile Bank and on the RuPay network, is exclusively tailored for business customers. It facilitates transactions for utilities, tax payments, and insurance. This card stands out with no joining fee and provides essential security through personal accident death coverage and lost card liability.

TMB Platinum Credit Card

The TMB Platinum Credit Card, offered by Tamilnad Mercantile Bank, is designed for customers who maintain significant individual term deposits with the bank. It offers premium features such as no joining or annual fee, flexible credit limits up to ₹5 lakhs, and the convenience of cash advances, making it a valuable option for those with established banking relationships.

TMB Titanium Credit Card

The TMB Titanium Credit Card, another offering from Tamilnad Mercantile Bank, focuses on providing cardholders with flexible credit limits. It is a lifetime-free card with no joining or annual fees, offering a maximum credit limit of ₹5 lakhs and including free add-on cards for family members, along with substantial insurance coverage.

Fees & Charges Breakdown

Common Fees & Charges (Applicable to TMB Wings RuPay Credit Card, and potentially others where not specified)

• Credit Free Period: Up to 45 days
• Card Validity: 3 Years
• Foreign Currency Markup: Up to 3.50%
• Card Issuance Charges: NIL
• Hotlisting Charges: NIL
• Late Payment Fee: ₹250 + GST (if Minimum Amount Due is not paid)
• Revolving Credit Interest: 24% p.a. from transaction date
• Cash Withdrawal Interest: 24% p.a. from withdrawal date till repayment
• Cash Withdrawal at TMB ATM: 3% of transaction amount (Minimum ₹30)
• Cash Withdrawal at Other ATMs: 3% of transaction amount (Minimum ₹30) + charges by other bank (if applicable)

TMB Wings RuPay Credit Card Specific Fees

• Joining Fee: NIL
• Annual Renewal Fee: ₹250 + taxes
• Renewal Fee Waiver: Waived if spend ≥ ₹50,000 in any quarter of the calendar year.
• Card Replacement Fee: ₹100 + applicable charges

TMB Phoenix RuPay Credit Card Specific Fees

• Joining Fee: NIL
• Annual Fee: ₹500 + taxes
• Annual Fee Waiver: Waived on spending ₹1 lakh in the previous year.

TMB Platinum Credit Card Specific Fees

• Joining Fee: NIL
• Annual Fee: NIL

TMB Titanium Credit Card Specific Fees

• Joining Fee: NIL
• Annual Fee: NIL (Lifetime-free card)

Important Product Details

TMB Wings RuPay Credit Card

• Card Type: RuPay Platinum Credit Card
• Free Add-on Card: Available
• Insurance Coverage:
  • Personal accident death coverage: ₹2 lakhs
  • Lost card liability: Up to ₹50,000
• Cash Advance Limit: 25% of sanctioned credit limit
• Daily Cash Withdrawal Limit: ₹25,000
• EMI Facility: Available for spends ≥ ₹5,000 (single or cumulative), excluding cash withdrawal

TMB Phoenix RuPay Credit Card

• Insurance Coverage:
  • Free personal accident death coverage
  • Lost card liability

TMB Platinum Credit Card

• Credit Limit:
  • Maximum limit: ₹5 lakhs
  • Minimum limit: ₹20,000
• Cash Advance: Up to 25% of the credit card limit
• Maximum Daily Cash Withdrawal Limit: ₹25,000
• Card Features: EMV chip card variant offering tap-and-go payment capabilities at no extra cost
• Insurance Coverage:
  • Lost card liability: Up to ₹50,000
  • Personal accidental death coverage: ₹5 lakhs

TMB Titanium Credit Card

• Credit Limit:
  • Maximum limit: ₹5 lakhs
  • Minimum limit: ₹20,000
• Card Validity: 3 years
• Insurance Coverage:
  • Lost card liability: Up to ₹50,000
  • Personal death accident coverage: ₹5 lakhs
• PIN Generation: Users receive a GREEN PIN and can generate the PIN by inserting the card into a TMB ATM using OTP or by using the credit card customer portal (providing card number, expiration date, date of birth, and OTP).
• Add-on Cards: Free add-on cards offered to spouses and children above the age of 18.

Card Eligibility Criteria & Income Requirements

TMB Wings RuPay Credit Card

• Account Requirement: Individual must have a Savings Bank Account with TMB for at least 1 year.
• Minimum Annual Income: ₹3 lakhs and above.
• CIBIL Score: Minimum 700.
• Required Documents: Latest 3 month’s Payslips or Income Tax Returns (ITR) for the last 2 years.

TMB Phoenix RuPay Credit Card

• Account Requirement: Applicants must have a current account with Tamilnad Mercantile Bank for at least one year.
• Income Tax Returns: Filed at least 2 income tax returns of ₹3 lakhs or more per year.
• CIBIL Score: At least 700 as per the latest report.
• Required Documents: Latest income tax returns for the past 2 years.

TMB Platinum Credit Card

• Deposit Requirement: 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.

TMB Titanium Credit Card

• Minimum Annual Income: ₹2 lakhs or more.

Credit Card Review

Tamilnad Mercantile Bank offers a range of credit cards catering to diverse financial needs, from everyday expenses to business transactions and premium banking relationships. The TMB Wings RuPay Credit Card is ideal for individuals seeking a no-frills, low-cost card for daily use with essential insurance. The TMB Phoenix RuPay Credit Card is a specialized offering for business customers, providing a dedicated solution for their operational expenses. For those with substantial deposits, the TMB Platinum Credit Card offers a premium experience with high credit limits and comprehensive insurance without annual fees. Lastly, the TMB Titanium Credit Card provides flexible credit limits and family add-on cards, making it a good choice for individuals looking for a lifetime-free card with significant coverage. The bank emphasizes security and convenience across its card portfolio, offering features like free credit periods and easy repayment options.

Other Details

• Billing Date: 25th of every month.
• Payment Due Date: 10th of the succeeding month.
• Statement Mode: E-Statement only.
• Alerts: SMS & Email sent for every payment.
• Repayment Modes:
  • Internet Banking: Via Net Banking → General Services → Service Requests → New Requests → Credit Card Payment.
  • NEFT / RTGS: Account No: 16-digit Card Number, Account Name: Cardholder Name, IFSC: TMBL0000900, Bank: Tamilnad Mercantile Bank Ltd.
  • Over-the-Counter: Payment at any TMB Branch.
  • Auto Debit: Debit from linked Savings Account on 10th of every month.