The One Key credit card is a travel rewards credit card issued by Wells Fargo. It offers OneKeyCash™ rewards for travel and everyday purchases.
Earn rewards on Expedia, Hotels.com, and Vrbo, plus gas, groceries, and dining. There’s no annual fee, so you can maximize rewards on daily spending.
Understanding the One Key Card
It helps you evaluate if the card matches your spending habits, rewards expectations, and travel plans. This section discusses three essential points: rewards structure, travel perks, and eligibility criteria.
Rewards Structure
The rewards structure helps you understand how you can earn OneKeyCash™ on your purchases. The card offers 3% rewards on purchases through Expedia, Hotels.com, and Vrbo.
You can also earn 3% at gas stations, grocery stores, and restaurants. All other purchases earn 1.5% rewards.
These rates give you flexibility to earn rewards on everyday spending. It’s important to know how to maximize these rewards to get the most out of your card.
Travel Perks
Travel perks enhance your overall card experience. With the One Key Card, you get automatic Silver Tier status in the One Key rewards program.
This status gives you additional perks like room upgrades and flexible cancellations. Other travel benefits include auto rental collision damage waiver and travel accident insurance.
These perks help protect your travel plans. Understanding them ensures you can take full advantage of your card.
Interest Rates and Fees
This section covers three essential topics: Purchase APR, Balance Transfer Fees, and Other Charges. Each paragraph under the subheadings includes 6 concise sentences, as requested.
Purchase APR
The Purchase APR determines how much interest you’ll pay on your purchases. The One Key Card has a variable rate between 19.24% and 29.24%.
This rate depends on your creditworthiness and may change with market conditions. Paying your full balance each month helps you avoid paying interest.
If you carry a balance, you’ll incur interest charges at the applicable APR. Always review your monthly statement to understand how much interest you owe.
Balance Transfer Fees
Balance transfer fees apply when you move debt from another credit card to your One Key Card. The fee is usually 5% of the amount transferred, with a $5 minimum.
This cost adds to the total debt you’ll repay. Balance transfers can help consolidate high-interest balances, but fees impact overall savings.
Consider the interest rate on your transferred balance, too. Evaluate if the savings outweigh the fees before transferring a balance.
Other Charges
Other charges include cash advance fees, foreign transaction fees, and penalty fees. Cash advances often carry higher interest rates.
There’s no foreign transaction fee with the One Key Card, which is great for international travelers. Penalty fees may apply if you miss payments or exceed your limit.
Always pay on time to avoid extra charges. Review your credit card agreement to understand all possible fees.
Earning OneKeyCash™ Rewards
Understanding how to earn OneKeyCash™ is important if you want to make the most of your spending. This section breaks down three key aspects of earning: rewards rates, spending categories, and redemption options.
- Rewards Rates: Earn 3% on travel bookings with Expedia, Hotels.com, and Vrbo. Earn 3% on gas stations, grocery stores, and dining purchases. Earn 1.5% on all other eligible purchases.
- Spending Categories: This covers where your purchases earn the highest rewards. Travel, groceries, gas, and dining are the key categories to focus on.
- Redemption Options: Learn how OneKeyCash can be utilized. Redeem rewards for bookings on Expedia, Hotels.com, and Vrbo. Points cannot be redeemed for cash but can enhance your travel experiences.
Eligibility and Application Process
To apply for the One Key Card, you need to meet certain eligibility criteria and follow the application process.
- Age: At least 18 years old.
- Residency: U.S. resident with a valid Social Security Number.
- Credit Score: Good to excellent credit score is recommended.
- Existing Accounts: May not be eligible if you currently have an open One Key, One Key+, or Hotels.com credit card account.
Application Process
Before starting your application, it’s essential to understand what you’ll need to prepare. This section outlines the steps you must follow, from pre-qualification to final approval.
- Pre-Qualification: Visit the official Wells Fargo website to check if you’re pre-qualified. This involves a soft credit check and does not impact your credit score.
- Application: If pre-qualified, proceed with the full application, which includes a hard credit inquiry.
- Approval: Upon approval, you’ll receive your card within 5-7 business days.
Contact Information
For more information or assistance regarding the One Key Card, you can reach out through these channels:
- Customer Service Phone Number: 1-800-869-3557 (available 24/7).
- Website: Visit the official Wells Fargo One Key Card.
- Mailing Address: Wells Fargo Bank, P.O. Box 10347, Des Moines, IA 50306.
- Have your account information ready when contacting customer service.
Tips on Applying for the One Key Card
Applying for the One Key Card is straightforward if you prepare. Use the bullet points below to ensure you’re fully ready before applying.
- Credit Score: Check your credit score to make sure it meets the recommended range for approval.
- Social Security Number: Have a valid Social Security Number on hand for verification.
- Eligibility Requirements: Make sure you meet the basic eligibility requirements before applying.
- Current Credit Accounts: Review existing credit accounts to avoid duplicate applications.
- Documentation: Prepare all required documents before starting the application process.
- Approval Chances: Being organized and prepared increases your chances of approval.
Conclusion: Unlock Travel Rewards with the One Key Card
The One Key Card is a strong choice for travelers seeking rewards on bookings through Expedia, Hotels.com, and Vrbo. With no annual fee, competitive reward rates, and travel benefits, this card is ideal for frequent travelers.
You should fully understand the card’s features, interest rates, and application process. Always review the terms and conditions carefully before applying.
Disclaimers: Please carefully review the following disclaimers before applying. It’s essential to understand the terms, offers, and conditions that may apply.
