Wells Fargo launched the One Key and One Key+ cards about a year ago, but they’ve mostly flown under the radar. If you’re not familiar with what One Key is, it’s the loyalty program of the Expedia Group which means rewards can be redeemed at Expedia, Hotels.com and Vrbo.
Since the end of 2024, Wells Fargo has offered welcome bonuses of $400 on the One Key card and $600 on the One Key+ card. Considering those bonuses have been available for more than six months, it would’ve been reasonable to assume that those were the standard welcome offers. That’s not actually the case though as these are in fact increased offers that are due to end on August 5.
The Offer & Key Card Details
| Card Offer and Details |
|---|
 ⓘ $402 1st Yr Value EstimateClick to learn about first year value estimates $600 OneKeyCash Non-AffiliateThis is NOT an affiliate offer. $600 OneKeyCash after $3K spend in first 3 months (Offer Expires 8/5/2025)$99 Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Good bonus categories, especially when combined with the 2x base earning. The anniversary bonus more or less offsets the annual fee and being able to combine primary car rental insurance with 7x earning at Expedia could be valuable for some. Earning rate: 3% at Expedia, Hotels.com, Vrbo and at gas stations, grocery stores, restaurants, food delivery ✦ 2X everywhere else Card Info: Mastercard World Elite issued by Wells. This card has no foreign currency conversion fees. Noteworthy perks: Automatic Gold status ✦ $100 OneKeyCash anniversary bonus ✦ $120 annual Global Entry/TSA Precheck credit ✦ Trip insurance ✦ Primary rental car insurance ✦ Cell phone Protection ($25 deductible, $1000 max per claim) |
| Card Offer and Details |
|---|
 ⓘ $343 1st Yr Value EstimateClick to learn about first year value estimates $400 OneKeyCash Non-AffiliateThis is NOT an affiliate offer. $400 OneKeyCash after $1K spend in first 3 months (Offer Expires 8/5/2025)No Annual Fee Information about this card has been collected independently by Frequent Miler. The issuer did not provide the details, nor is it responsible for their accuracy. FM Mini Review: Good reward categories for a card with no annual fee. Could be a winner for folks who use Expedia, Hotels.com and/or vrbo frequently Earning rate: 3% at Expedia, Hotels.com, Vrbo and at gas stations, grocery stores, restaurants, food delivery ✦ 1.5X everywhere else Card Info: Mastercard World Elite issued by Wells. This card has no foreign currency conversion fees. Noteworthy perks: Automatic Silver status ✦ Cell phone Protection ($25 deductible, $1000 max per claim) ✦ Trip insurance ✦ Primary rental car insurance |
Quick Thoughts
Tim wrote helpful reviews of both of these cards earlier this year:
As he noted in those reviews, the One Key+ card – i.e. the $99 annual fee card rather than the $0 annual fee card – makes the most sense for most people’s circumstances who’d plan on applying for one of these cards. Although it does have that annual fee, the welcome offer is currently $200 higher than the no annual fee card. From renewal each year, you then get $100 in OneKeyCash which offsets that annual fee.
In addition to that, you earn 3% on purchases with Expedia, Hotels.com and Vrbo, while also getting automatic Gold status which earns you 4% on stays at VIP Access properties which is an increase from the usual 2%, as well as larger discounts at more than 10,000 hotels worldwide. Another potentially interesting benefit is that you get free One Key Price Drop Protection on select flights in the Expedia app, so if the price drops you get the difference in OneKeyCash. I’m not convinced that latter benefit is worth the potential hassle involved in the event of irregular operations versus booking direct with an airline, but if you book a lot of flights with Expedia anyway, it’s a useful and potentially valuable benefit to have.
The One Key program didn’t garner any plaudits when it slashed by 80% the value of earnings from stays booked with Hotels.com. It’s therefore not an attractive “loyalty” program from that perspective, but the welcome offers of $400 or $600 on the One Key and One Key+ cards are still decent values seeing as OneKeyCash can be redeemed for stays, flights and car rentals. If you like booking stays at boutique hotels that aren’t bookable with points, this is a good way to offset the cost of that.
It looks like the welcome offers will be dropping to $300 and $400 respectively from August 6 onwards, so you only have a week to go if you want to apply while the higher bonuses are still available.
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[…] Update 7/30/25: $400/$600 bonuses ending soon on August 6th, then it’s down to $300/$400 (ht FM) […]