One Key Mastercard
Wells FargoNo annual feeWorld Elite MastercardNo foreign transaction feeIssuer's page
A fair time to apply if the card fits how you spend.
Already have it? It does little beyond keeping the account open.
Welcome bonus
$300
after $1,000 in purchases in the first 3 months
1/6 Rule, 5/24 Rule and 2 more. Am I eligible?
A typical spender, at Miles' point values.
| First-year value | Amount |
|---|---|
| Welcome bonus$300 cash | $300 |
| Rewards above a 2% no-fee cardvs Double Cash, on $32,500 typical spend | +$84 |
| Annual fee | $0 |
| Meeting the $1,000 minimumearns 1.35% here vs 2% on Double Cash | −$6 |
| First year | $378 |
| Each year after | +$219 |
Not counted in the first year: protections (each year after counts them).
Earning
| Rate | Category | Return |
|---|---|---|
| 3X | Grocery Stores | 2.7% |
| 3X | Dining | 2.7% |
| 3X | Gas stations and EV charging stations | 2.7% |
| 3X | Expedia, Hotels.com, Vrbo | 2.7% |
| 1.5X | Everything else | 1.4% |
Personal card · Earns One Key (Expedia, Hotels.com, VRBO)
Benefits
Elite status (2)
- One Key (Expedia Group): Silver
- One Key (Expedia Group): Gold
Protections (5)
- Travel Accident Insurance, up to $1,000,000, $1,000,000 Worldwide Automatic Common Carrier Travel Accident Insurance
- Trip Cancellation/Interruption, up to $5,000, Up to $5,000 per covered person per trip, $20,000 per account per 12-month period
- Auto Rental Collision Damage Waiver (primary), up to $50,000, Up to $50,000 for collision damage and theft (primary, except for New York residents)
- Cell Phone Protection, up to $1,000, Up to $1,000 per claim, two claims per 12-month period with $25 deductible. Excludes cosmetic damage.
- Mastercard ID Theft Protection, Credit monitoring, dark web monitoring and resolution support
Other Perks
- Mastercard Concierge: 24/7 personal concierge service
- Mastercard Travel and Lifestyle Services
- Mastercard Golf: access to TPC Club network and private courses
Sources and methodology
First-year value is Miles' estimate for a typical spender: the welcome bonus at Miles' point values, plus the rewards this card earns above the best no-annual-fee card's everyday rate on a typical year of spending, plus credits at the share a typical holder uses rather than their face value, plus any certificate or free night earned in that year, minus the first-year fee and the cost of putting the minimum spend on this card instead of that one.
Lounge access, elite status, other benefits, purchase and travel protections, and a certificate or free night that arrives on the card's anniversary are listed beside the first-year figure, not in it. Each year after counts them, with the rewards and credits, less the annual fee. A credit or benefit that needs a spend or a stay counts only where its condition is printed beside it, and credits gated on spend most people never reach are left out.
The fee, offer, earning rates, credits and protections come from the card's record in the Miles dataset, kept against the issuer's own terms. The verdict line is chosen from a fixed set of sentences by Miles' analysis of the offer and the card; nothing on this page is written by hand for one card.
Recent changes
- changed from null to One KeyOct 8, 2026
- changed from null to 1000Aug 13, 2026
- changed from null to 90Aug 13, 2026
- changed from OneKeyCash to One Key (Expedia, Hotels.com, VRBO)Jul 26, 2026