One Key+ Card
Wells Fargo
Welcome Offer
Is the One Key+ Card right for you?
The One Key+ is a $99-a-year cash-back card from Wells Fargo. Its strongest everyday earning is 3% on Expedia, Hotels.com, and Vrbo, with 2% on most other purchases. Whether it pays off depends mostly on how many of its credits replace spending you already do.
Who it's for
- ✓ People who spend steadily on Expedia, Hotels.com, and Vrbo, where it earns 3%
Who should skip it
- — Anyone who won't earn at least $99 a year more than a no-fee card
First-year value estimate
Year two, without the welcome bonus: about $171 before credits ($270 in rewards minus the $99 fee).
Assumptions
- $3,000 a year in Expedia, Hotels.com, and Vrbo (3%) and $9,000 on everything else (2%) — $12,000 total, about $1,000 a month.
- Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
- Welcome bonus: the $350 bonus at face value ≈ $350.
- Annual fee of $99 in year one and every year after.
- Recurring credits are listed separately below and are not counted here.
An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-07-05.
How the fee is offset by credits
At face value the listed credits ($130 a year) exceed the $99 fee, but only spending you would have made anyway counts. A realistic test is to add up only the credits you used last year.
| Credit | Terms | Per year (face value) |
|---|---|---|
| OneKeyCash Anniversary Credit | $100 per year | $100 |
| Trusted Traveler Credit (Global Entry/TSA PreCheck) | $120 once every four years | $30 |
| Total face value | $130 | |
How it compares
Rules and gotchas
- The welcome bonus requires $3,000 in 3 months — roughly $1,000 a month. That fits inside the $1,000 a month in our illustration.
- The Global Entry / TSA PreCheck-style credit renews only once every four years, so it adds little to the yearly math.
Frequently asked questions
- Does the One Key+ have an annual fee?
- Yes — $99 a year, according to the issuer information in our record.
- What does the One Key+ earn?
- 3% on Expedia, Hotels.com, and Vrbo, 3% on Gas stations, grocery stores, and dining, and 2% on other purchases.
- Is the One Key+ worth it in the first year?
- Using our illustration ($12,000 of yearly spending, $3,000 of it in Expedia, Hotels.com, and Vrbo), the first year comes out around $521 before credits, including a welcome bonus valued at $350. Year two drops to about $171 before credits.
- Do the One Key+'s credits cover the annual fee?
- The listed credits add up to $130 a year at face value against a $99 fee. Count only the credits you'd use without changing your spending.
- What credit do I need for the One Key+?
- Our record lists "Good" credit as the typical target for the One Key+. Wells Fargo makes the final decision based on its own criteria.
Earning Rates
Benefits & Credits
$100 in OneKeyCash each cardholder anniversary year. OneKeyCash redeems 1:1 USD on Expedia, Hotels.com, and Vrbo bookings. Unconditional anniversary bestowal.
/yearUp to $120 statement credit for Global Entry or TSA PreCheck application fee, once every four years.
Insurance
Sources
Last Updated: Jul 5, 2026