Is the Wells Fargo One Key+ Card worth $99/yr?
The honest math on the Wells Fargo One Key+ Card: which credits you'd actually use, what its points earn beyond a plain 2% card, and what its protections would cost to buy — against the $99 annual fee.
Wells Fargo · $99 annual fee (The $100 OneKeyCash anniversary credit below requires no minimum spend — just an open, current account — so it can wash out most or all of this $99 fee if you have any real use for OneKeyCash on Expedia, Hotels.com, or Vrbo.) · earns OneKeyCash
Earning rates
- 3x Expedia, Hotels.com & Vrbo bookings
- 3x Gas stations & EV charging
- 3x Grocery stores
- 3x Dining
- 2x Everything else
Statement credits (2)
- Anniversary OneKeyCash Credit — $100 in OneKeyCash added to your account every cardholder anniversary — no minimum spend required, just an open, current account.
- Trusted Traveler Program Credit — Up to $120 statement credit for a Global Entry, TSA PreCheck, or similar Trusted Traveler Program application/renewal fee, once every 4 years.
Protections and perks (7)
- One Key Gold Status — Automatic One Key Gold tier: 20%+ off 10,000+ hotels worldwide, priority travel support, VIP Access in-stay perks, and free flight price-drop protection.
- One Key Platinum Status After $30,000 Spend — Spend $30,000 on the card in a calendar year to unlock One Key Platinum — a bigger VIP Access OneKeyCash bonus, Platinum-tier support, and a one-time 10% Expedia discount (up to $100).
- No Foreign Transaction Fees — No surcharge on purchases abroad.
- Cell Phone Protection — Up to $1,000 per claim for damage, theft, or involuntary parting when you pay your monthly cell phone bill with the card ($25 deductible).
- Auto Rental Collision Damage Waiver — Collision/theft coverage on rentals paid with the card, up to $50,000 — primary in the US (except New York residents) and primary outside the US.
- Trip Cancellation / Interruption — Up to $5,000 per covered traveler per trip ($20,000 per account per 12 months) for prepaid, nonrefundable common-carrier fares cancelled or cut short for a covered reason.
- Worldwide Automatic Common Carrier Travel Accident Insurance — Up to $1,000,000 in accidental death/dismemberment coverage when common-carrier fare is paid with the card.
Recent changes to this card's data
2026-08-27 — Wells Fargo One Key+ Card (new card)
- Fee $99, offset in practice by a guaranteed no-spend-required $100 OneKeyCash anniversary credit. Sources: https://creditcards.wellsfargo.com/one-key-plus-credit-card/, https://www.wellsfargo.com/credit-cards/guide-to-benefits/onekeyplus/
- Earning: 2% base + 1% bonus = 3% OneKeyCash on Expedia/Hotels.com/Vrbo bookings, gas/EV charging, groceries, and dining; 2% base everything else, no caps found. Source: https://www.wellsfargo.com/credit-cards/terms/onekeyplus/
- Automatic One Key Gold status (20%+ off 10,000+ hotels, priority support, VIP Access perks, free flight price-drop protection); Platinum unlocks at $30,000/yr spend (Platinum's specific perks are secondary-sourced only — flagged for a primary-source recheck). Sources: https://www.expedia.com/one-key-cards, https://www.nerdwallet.com/travel/learn/one-key-rewards-program-the-complete-guide
- Up to $120 Trusted Traveler credit (
sharedKey: "trusted-traveler"), no foreign transaction fees, $1,000/claim cell phone protection, auto rental CDW up to $50,000 (genuinely PRIMARY in the US except NY residents — a real upgrade over the secondary-only CDW on sibling WF cards), trip cancellation/interruption up to $5,000/traveler/trip, $1,000,000 travel accident insurance. Confirmed absent: purchase protection, extended warranty, baggage delay/lost luggage. Source: https://www.wellsfargo.com/credit-cards/guide-to-benefits/onekeyplus/
Card data verified against Wells Fargo on 2026-08-27.
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