Wells Fargo One Key+™ Card* vs. Wells Fargo One Key™ Card*
If you want to earn OneKeyCash on your purchases without worrying about whether the value is enough to offset an annual fee, consider the no-annual-fee One Key Card instead. The rewards potential of both cards is similar, including increased rewards categories, rewards rates and redemption options. The main difference is that the One Key+ Card earns 2% on all other purchases, while the One Key Card earns just 1.5%. To put that in context, you would need to spend $19,800 per year in non-bonus categories for the One Key+ Card’s extra rewards to offset the annual fee (not counting any additional rewards you earn through your status in the regular One Key Rewards program).
The two cards offer similar travel and cell phone protection benefits, so the main difference in benefits is the $100 anniversary credit, which essentially cancels out the annual fee but offers no additional value beyond that, the TSA PreCheck/Global Entry credit, and the various One Key Rewards status level perks. If you find the latter two benefits valuable, the One Key+ card might be worth it. Otherwise, get the One Key card and skip the annual fee altogether.
Wells Fargo One Key+™ Card* vs. Chase Sapphire Preferred® Card
It’s difficult to talk about a travel-focused card without comparing it to one of the best travel cards on the market, the Chase Sapphire Preferred® Card. The Chase Sapphire Preferred® Card, with a $95 annual fee, earns 5 points per dollar on travel booked through Chase Travel℠, 3 points per dollar on dining, select streaming services and online grocery purchases (excluding Walmart, Target and wholesale clubs), 2 points per dollar on all other travel purchases and 1 point per dollar on other purchases. It offers numerous travel perks and protections, including a $50 statement credit for hotel bookings with Chase Travel on each account anniversary, trip cancellation/interruption insurance, collision damage waiver on rental cars, baggage delay insurance and trip delay reimbursement. The card offers anniversary bonus points equal to 10% of your total spending from the previous year, so if you spent $10,000, you’ll earn 1,000 bonus points.
More importantly, the Sapphire Preferred is much closer to a true travel card when it comes to rewards redemption. You can transfer points to Chase’s hotel and airline partners at a 1:1 ratio, or redeem them for travel through the Chase Travel portal to get 25% more value. You can also redeem your rewards for cash back, gift cards, and other options besides travel.
Wells Fargo One Key+™ Card* Compared to the Citi Strata Premier℠ Card
If you like the rewards categories of the One Key+ Card but want a more flexible travel card, the Citi Strata Premier℠ Card is a great choice. With the Citi Strata Premier, you’ll earn 10 points per dollar spent on hotels, rental cars and attractions booked on CitiTravel.com; 3 points per dollar on restaurants, convenience stores, gas and electric car stations, air travel and other hotel purchases; and 1 point per dollar on all other purchases. The annual fee for the card is $95.
Like the Chase Sapphire Preferred® Card, the Citi Strata Premier offers access to hotel and air transfer partners and travel protections, including trip delay protection, public transit cancellation and interruption protection, lost or damaged baggage protection and more. You’ll also receive $100 off a single hotel stay of $500 or more (excluding taxes and fees) booked through CitiTravel.com each calendar year.
