Tamilnad Mercantile Bank Limited (TMB) offers both secured and unsecured credit cards that come with a host of features and benefits. Some of the primary attractions of these cards are their flexible credit limits, attractive fees and charges, and insurance coverage.
| TMB Credit Card Variants | Annual Fee | Suitable For |
|---|---|---|
| TMB Titanium Credit Card | NIL | Lifestyle |
| TMB Platinum Credit Card | NIL | Lifestyle |
Tamilnad Mercantile Bank offers two variants of credit card, specially crafted to cater to the credit requirements of all customer segments including those of semi-urban and rural areas. Customers can choose between Tamilnad Mercantile Bank General Credit Card or Tamilnad Mercantile Bank India Card Credit Card. Both the credit cards come with an array of advantages that will delight the cardholder and offer flexibility and greater purchase power.
| Generous Credit Limit | TMB Credit Cards come with high credit limit that offer the cardholders greater flexibility. Now you don’t have to think twice before you make a purchase! |
| Attractive Interest Rates | Tamilnad Mercantile Bank Credit Cards offer affordable interest rates for credit purchases. With credit interest rates varying from 17% to 19%, cardholders are entitled to a higher purchase power. |
| Affordable and Transparent | With fees and charges that are affordable, cardholders can avail a TMB credit card with no second thoughts. Also, the transparent process will ensure that you enjoy using your credit card. |
| Impeccable Customer Support | Lost your credit card? Want to know more about tenure for repayment? You can get in touch with Tamilnad Mercantile Bank on their TMB credit card 24/7 helpline number to get all your questions cleared. |
| Enhanced Payment Security | The 3D Secure authentication technology will help you make every transaction with more confidence as it helps prevent unauthorized use of credit cards. |
| Incentives for Prompt Payers | For customers who make interest payments on time and repay the credit loan in less than 6 months’ time, an incentive of 2% is offered. |
| No Collateral Required | To avail the TMB Overdraft facility and TMB General Credit Card loan, cardholders require no collateral security. So if you are in need of instant loan, this is the best choice. |
| For customers in Semi-urban and rural area | Designed to offer maximum benefits for TMB customers in semi-urban and rural areas, TMB credit cards will offer ease of use and other privileges that will delight the cardholder. |
| Easy Documentation | The documentation process for both Tamilnad Mercantile Bank General Credit Card and Tamilnad Mercantile Bank India Card Credit Card is very simple and the processing charges are very nominal. |
| Repayment Tenure | Cardholders can repay the loan within 12 months from the date of purchase. For cardholders who make timely interest payments and close the loan before 6 months from the date of purchase, incentives are also offered by Tamilnad Mercantile Bank. |
| Charge | TMB Platinum Credit Card | TMB Titanium Credit Card |
|---|---|---|
| Entry fee | NIL | NIL |
| Annual Fee | NIL | NIL |
| Renewal fee | Rs.250 | Rs.250 |
| Card replacement | Rs.100 | Rs.100 |
| Late payment charge | Rs.250 | Rs.250 |
| Charges for revolving credit | 2% per month | 2% per month |
| Cash advance transaction fee | 3% of the transaction | 3% of the transaction |
| Charges for cash withdrawal from other bank ATMs | 3% of the transaction | 3% of the transaction |
| Finance charges for cash withdrawal | 2% per month | 2% per month |
| Charge slip retrieval fee | Rs.100 | Rs.100 |
| Collection charges for outstation cheque | Rs.100 per other bank charges | Rs.100 and other bank charges |
| Duplicate statement fee | Rs.100 | Rs.100 |
| Cheque dishonour fee | Rs.150 | Rs.150 |
TMB Titanium Credit Card
TMB Platinum Credit Card
| Income proof (For self-employed) |
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| Address proof (any one) |
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| Proof of Identity (any one) |
|
The overdraft or the loan must be repaid within the maximum tenure of a year.
If you use the TMB credit cards to make a purchase and default on interest payments for 3 continuous months, you will be subject to corrective actions including reduction in sanctioned credit limit and recall of facility.
You will have to contact TamilNad Mercantile Bank and specify that you need a photo credit card while submitting your application. A nominal fee of Rs.50 will be charged for a photo credit card.
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