Deep-Dive Review: ICICI Bank Pizza Hut Credit Card

Community Verdict

[!NOTE] ⚠️ DISCONTINUED — Sourcing Stopped: The ICICI Bank Pizza Hut Credit Card is no longer listed on ICICI Bank’s official credit card catalog (the official URL returns 404 on the live site as of July 3, 2026). It was historically a lifetime-free co-branded Visa card offered in partnership with Pizza Hut India. It earned 1 ICICI Reward Point per ₹100 retail spend (~0.25% return at ₹0.25/point) with no accelerated dining bonus on Pizza Hut transactions, no milestone bonuses, and no welcome benefit. Existing cardholders retain the lifetime-free structure until ICICI migrates or closes them out.

Pros

• Lifetime Free Card: ₹0 joining fee and ₹0 annual fee — historically one of ICICI’s few lifetime-free co-branded cards.
• Lifetime-Free Add-on Cards: No fee for supplementary cards on the primary account.
• 1% Fuel Surcharge Waiver: At HPCL fuel stations for transactions between ₹400 and ₹4,000.
• Pizza Hut Co-Brand (Legacy): Historical Pizza Hut dining benefit — confirm active status via iMobile app.
• Fraud Liability Cover: ₹50,000 counterfeit card liability protection.
• Emergency Card Replacement: Available worldwide for existing cardholders.

Cons

• ⚠️ DISCONTINUED FOR NEW APPLICATIONS: ICICI Bank has stopped sourcing this card — official URL returns 404 on live site (July 3, 2026). Only existing cardholders retain benefits.
• No Accelerated Dining Bonus: Despite being a Pizza Hut co-brand, the card earned the same flat 1 RP per ₹100 on Pizza Hut transactions as it did on any other retail — no Pizza Hut-specific multiplier.
• Very Low Reward Rate: Just 1 RP per ₹100 retail spend (~0.25% return at ₹0.25/point) — below average even for a lifetime-free card.
• Reward Redemption Fee: Flat ₹99 + GST charged per Reward Points catalogue request.
• Heavy Exclusion List: Fuel, rent, wallet loads, government payments, and EMI conversions all earn zero Reward Points.
• No Airport Lounge Access: Zero domestic or international lounge visits.
• No Railway Lounge Benefit: Despite being a dining co-brand, no railway lounge access was offered.
• 3.5% Forex Markup: Makes international transactions uneconomical on this card.
• 3.75% per month Cash Advance Interest: 45% p.a. on ATM withdrawals — avoid cash advances.
• No Milestone Bonuses: No annual milestone vouchers, no quarterly bonuses.
• No Welcome Benefit: Card never carried a sign-up bonus voucher (e.g., free pizza voucher).
• Better Free Alternatives Exist: ICICI HPCL Super Saver and other free cards from competitor banks offer materially better rewards and active dining partnerships.

Reward Spends & Categories

The legacy ICICI Pizza Hut Credit Card earned ICICI Reward Points:

Category Spend	Earning Rate / Reward Points
🛒 All Retail (offline + online)	1 ICICI Reward Point per ₹100 spent (~0.25% return)
🍕 Pizza Hut Dining (legacy)	Standard earn rate (no accelerated multiplier)
⛽ Fuel Transactions	0% Reward Points (1% surcharge waiver ₹400–₹4,000 at HPCL)
🏛️ Government & Tax Payments	0% (Excluded)
🏠 Rent Payments	0% (Excluded)
💳 Wallet Loads	0% (Excluded)
💳 EMI Conversion	0% (Excluded — points clawed back post-conversion)
💡 Utilities	0% (Excluded)
🛡️ Insurance	0% (Excluded)

Reward Point Redemption Value

ICICI Reward Points on Pizza Hut Credit Card redeemed through the Reward Points catalogue (iMobile app / net banking):

• Cash via Statement Credit: 1 RP = ₹0.25 (after ₹99 + GST redemption fee)
• Vouchers / Products via Catalogue: 1 RP = ₹0.25 equivalent value

[!IMPORTANT] Best value is batched redemption (avoid multiple ₹99 fees) for statement credit. Pizza Hut card never supported airline or hotel transfer partners.

Annual Milestones & Welcome Benefit

[!IMPORTANT]

• Welcome Benefit: None — the card never carried a sign-up bonus voucher (e.g., no free Pizza Hut voucher on card issuance).
• Annual Milestones: None — no quarterly or annual milestone bonuses.
• Annual Fee: ₹0 lifetime — no waiver needed because there is no fee.

Airport Lounge & Travel Perks

[!IMPORTANT]

• Domestic Airport Lounge: Not included — zero complimentary visits.
• International Airport Lounge: Not included — no Priority Pass membership.
• Railway Lounge: Not included.
• Travel Insurance: None — no air accident, baggage, or flight delay cover.

Fees & Charges — Snapshot

Fee / Charge	Amount
Joining Fee	Nil
Annual Fee (Year 1)	Nil
Annual Fee (Year 2 onwards)	Nil (Lifetime Free)
Add-on Card Fee	Nil
Foreign Currency Markup	3.5%
Cash Withdrawal Fee	₹500 (flat)
Cash Advance Interest	3.75% per month (45% p.a.)
Reward Redemption Fee	₹99 + GST per request
Fuel Surcharge	1% (waived ₹400–₹4,000 at HPCL pumps)
Card Replacement Fee	₹100
Duplicate PIN Fee	Nil
Statement Retrieval Fee	Nil

Who Should Keep / Hold This Card?

Keep if you already have it:

• Lifetime-free structure is rare — keep it as a backup or for HPCL fuel transactions
• ICICI migrates existing cardholders to a successor card on a case-by-case basis — wait for the bank’s communication
• You frequently dine at Pizza Hut and the legacy co-brand benefit still applies

Skip / Already Closed:

• New applications — ICICI Bank has stopped sourcing this card
• Pizza Hut enthusiasts — ICICI’s discontinued co-brand never offered accelerated dining earn rate anyway
• Anyone needing meaningful rewards — 0.25% return is below even basic free cards
• Heavy retail spenders — better alternatives exist from SBI, HDFC, and Axis
• International travellers — 3.5% forex markup and zero lounge benefits make it unsuitable

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For official terms, interest rates, and existing-customer servicing, refer to the Bank Reference Page.

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