RateHerald

Our illustration, not the card’s design

Wells Fargo credit card

The One Key® Card No Annual Fee Credit Card

No annual fee. 250 OneKeyCash after you spend $2,000 in 3 months. Purchase APR 18.49–28.49%.

Checked Nov 1, 2026Updated

Welcome offer
Annual fee
Purchase APR
Foreign transactions

Select an underlined figure to see where it comes from.

Wells Fargo’s terms

Welcome offer

$250 cash

After you spend $2,000 on purchases in your first 3 months.

Spending it takes
$667 a month
for 3 months
Tracking since
Sep 29, 2026
history will chart every change

Earned within 3 months from account opening. OneKeyCash earned through the offer posts to the account within 60 days after it is earned. Not eligible if you opened a One Key, One Key+, or Hotels.com Card within the last 48 months.

Who can get it: If you’ve had a bonus on this card or one of its family in the last 48 months (4 years), you can’t get it again yet.

“You may not be eligible for introductory annual percentage rates, fees and/or rewards bonus offers if you opened a One Key, One Key+, or Hotels.com Card within the last 48 months from the date of the application even if that account is closed and has a $0 balance.”

The issuer’s terms, from its page, as of Oct 7, 2026. Check which bonuses you can get

In dollars

What it’s worth

Yearly value in dollars: rewards and credits minus the annual fee, for three ways of spending. First year includes any welcome bonus.

SpendingValue against the feeFirst yearAfter
Light spender$0$0
Typical spender$0$0
Heavy spender$0$0
The spending each assumes, and what isn’t counted
  • Light spender: groceries $300, dining $100, gas $100, everything else $500 a month
  • Typical spender: groceries $600, dining $300, gas $200, travel $150, everything else $1,250 a month
  • Heavy spender: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500 a month

Assumed: rewards spendable only with One Key® Mastercard® Rewards Program: not counted (brand_rewards).

$0a year

The same in the first year and after.

The spending this assumes

A month: groceries $300, dining $100, gas $100, everything else $500. Assumed: rewards spendable only with One Key® Mastercard® Rewards Program: not counted (brand_rewards).

$0a year

The same in the first year and after.

The spending this assumes

A month: groceries $600, dining $300, gas $200, travel $150, everything else $1,250. Assumed: rewards spendable only with One Key® Mastercard® Rewards Program: not counted (brand_rewards).

$0a year

The same in the first year and after.

The spending this assumes

A month: groceries $900, dining $600, gas $300, travel $600, airfare $300, hotels $300, everything else $2,500. Assumed: rewards spendable only with One Key® Mastercard® Rewards Program: not counted (brand_rewards).

Use your own spending

Estimates from the published terms above, as checked Nov 1, 2026; not advice. How we value cards

Against the market

How it compares

  • No annual fee, like about 85% of the 711 cards we track.
  • Lower top APR than about 35% of the 163 cards on our Sign-up bonuses list (see the list).

Other cash back cards with no annual fee

Against this card, for our typical spender’s value (rewards and credits minus fees, after the first year).

Shares rounded to 5 points. Fees and APRs as stated; value for our typical spender. Method

One Key® Mastercard® Rewards Program

How you earn

3%
on Expedia, Hotels.com and Vrboat gas stations (gas stations, automated fuel dispensers and electric vehicle charging stations)at grocery stores (grocery stores, supermarkets, delis and bakeries)on dining (eating places and restaurants, drinking places, fast food restaurants and caterers)
1.5%
Everything else

Cash back, as a share of each purchase.

Benefits

  • Automatic One Key Silver tier for the primary cardholder while the One Key Mastercard is open, subject to One Key membership and an active linked One Key account.
  • Silver Member Prices provide savings of 15% or more on over 10,000 hotels worldwide.
  • Gold tier may be unlocked after at least $15,000 in net purchases in a calendar year. Gold tier is valid for the remainder of the qualifying year, the next full calendar year, and through February 28 of the following year.
  • No foreign transaction fee for purchases converted to U.S. dollars.
  • Cell phone: $1,000 per approved claim
All 8 benefits
  • Trip cancellation
  • Rental car: Up to $50,000
  • Travel accident: Up to $1,000,000

Every figure with its receipt

Rates and fees

Annual fee
Purchase APR
Foreign transactions

Before you apply

  1. What the application asks: your name, address, date of birth, Social Security number (or ITIN), income and housing payment. By law the issuer must consider your ability to pay (Regulation Z, 1026.51).
  2. Your credit report: applying usually means a hard inquiry, which can lower your score slightly for a while. Some issuers let you check whether you’re pre-approved first without one. How credit reports work (CFPB)
  3. The bonus: If you’ve had a bonus on this card or one of its family in the last 48 months (4 years), you can’t get it again yet.

Questions

What is the annual fee?
$0 Annual Fee · wellsfargo.com, since Oct 8, 2026
Does it charge a foreign transaction fee?
No. · wellsfargo.com, since Sep 29, 2026
What is the purchase APR?
18.49–28.49% APR · Reported to the CFPB, Dec 31, 2025, since Sep 29, 2026
Is there a welcome bonus?
250 OneKeyCash after $2,000 in purchases in 3 months. · wellsfargo.com, since Nov 1, 2026
See it on wellsfargo.com

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