Is the One Key+ Card worth the higher annual fee?

The One Key+ Card costs $99/yr vs $95/yr for the Blue Cash Preferred Card from American Express. Compare the year-one vs ongoing value table on this page — the $4 gap must be offset by higher earn rates, welcome offers, or credits you will use.

Which card earns more rewards, the Blue Cash Preferred Card from American Express or One Key+ Card?

The One Key+ Card has a higher base earn rate (2X vs 1X), but both cards have different bonus categories where they excel.

Blue Cash Preferred Card from American Express vs One Key+ Card

Annual fees: Blue Cash Preferred Card from American Express $95/yr, One Key+ Card $99/yr. Strongest bonus categories: Blue Cash Preferred Card from American Express on streaming, One Key+ Card on gas stations.

Card data as of October 12, 2026.

Credit card comparison
Overview
	Blue Cash Preferred Card from American Express American Express · $95/yr	One Key+ Card Wells Fargo · $99/yr
Annual fee	$95 Lowest Waived first year	$99
Welcome offerCurrent public offer	As high as $300 cash back — offers vary	$350 in rewards
Rewards	Cash back	OneKeyCash
Foreign transaction fee	2.7%	None Lowest
Network	American Express	Mastercard World Elite
Earn ratesPer $1 spent
Grocery Stores	6% Highest	3%
Streaming	6% Highest	2%
Dining	1%	3% Highest
Gas Stations	3%	3%
Ridesharing	3% Highest	2%
Transit	3% Highest	2%
Everything else	1%	2% Highest
Statement creditsAs the issuer states them · — means none on record
Entertainment & streaming	$10 monthly Disney Bundle credit available · $10 monthly	—
Perks & access— means none on record
Hotel status & programs	Amex Travel Best Price Guarantee for hotels	—
Other perks	Amex Offers Early access to concerts and events Global Assist Hotline available 24/7 worldwide	Spend to Unlock Platinum Automatic Gold Tier
Protections & insuranceLimits where published · — means none on record
Trip insurance	—	Trip Cancellation and Interruption Common Carrier Travel Accident Insurance
Rental car	Hertz Car Rental Benefits with upgrades $50,000 car rental loss and damage insurance	Auto Rental Collision Damage Waiver
Purchase & returns	$1,000 purchase protection for eligible items $300 return protection per eligible item	—
Extended warranty	Extended Warranty up to one year	—
Other protections	Zero liability protection on fraudulent charges	—
Pros & cons
Pros	6% cash back at U.S. supermarkets on up to $6,000/year ($360 max annual value) 6% cash back on select U.S. streaming services with no annual cap $120 annual Disney Bundle credit effectively reduces fee to net-negative 3% cash back at U.S. gas stations and on transit with no spending cap 0% intro APR for 12 months on purchases and balance transfers	$100 annual OneKeyCash anniversary credit roughly offsets the $99 annual fee (usable only on Expedia, Hotels.com and Vrbo) Strong 3% earning on dining, groceries, gas, and Expedia Group bookings Solid 2% base earning on all other purchases No foreign transaction fees Automatic Gold status with One Key program
Cons	$95 annual fee after first year (offset by $120 Disney credit if used) 2.7% foreign transaction fee makes it poor for international use 6% grocery cap at $6,000/year limits high-spending households Warehouse clubs (Costco, Sam's Club) do not code as supermarkets 1% back on non-category purchases is below average	OneKeyCash is not redeemable for cash - only usable on Expedia, Hotels.com, and Vrbo No transfer partners - locked into Expedia Group ecosystem Booking through OTAs means missing out on hotel elite benefits and direct booking perks No lounge access or premium travel protections Relatively new program with less established value compared to Chase/Amex
	Card details	Card details

Blue Cash Preferred Card from American Express
American Express · $95/yr
One Key+ Card
Wells Fargo · $99/yr

Overview

Annual fee: Blue Cash Preferred Card from American Express
$95
Lowest
Waived first year
One Key+ Card
$99
Welcome offerCurrent public offer: Blue Cash Preferred Card from American Express
As high as $300 cash back — offers vary
One Key+ Card
$350 in rewards
Rewards: Blue Cash Preferred Card from American Express
Cash back
One Key+ Card
OneKeyCash
Foreign transaction fee: Blue Cash Preferred Card from American Express
2.7%
One Key+ Card
None
Lowest
Network: Blue Cash Preferred Card from American Express
American Express
One Key+ Card
Mastercard World Elite

Earn ratesPer $1 spent

Grocery Stores: Blue Cash Preferred Card from American Express
6%
Highest
One Key+ Card
3%
Streaming: Blue Cash Preferred Card from American Express
6%
Highest
One Key+ Card
2%
Dining: Blue Cash Preferred Card from American Express
1%
One Key+ Card
3%
Highest
Gas Stations: Blue Cash Preferred Card from American Express
3%
One Key+ Card
3%
Ridesharing: Blue Cash Preferred Card from American Express
3%
Highest
One Key+ Card
2%
Transit: Blue Cash Preferred Card from American Express
3%
Highest
One Key+ Card
2%
Everything else: Blue Cash Preferred Card from American Express
1%
One Key+ Card
2%
Highest

Statement creditsAs the issuer states them · — means none on record

Entertainment & streaming: Blue Cash Preferred Card from American Express
$10 monthly Disney Bundle credit available · $10 monthly
One Key+ Card
—

Perks & access— means none on record

Hotel status & programs: Blue Cash Preferred Card from American Express
Amex Travel Best Price Guarantee for hotels
One Key+ Card
—
Other perks: Blue Cash Preferred Card from American Express
Amex Offers
Early access to concerts and events
Global Assist Hotline available 24/7 worldwide
One Key+ Card
Spend to Unlock Platinum
Automatic Gold Tier

Protections & insuranceLimits where published · — means none on record

Trip insurance: Blue Cash Preferred Card from American Express
—
One Key+ Card
Trip Cancellation and Interruption
Common Carrier Travel Accident Insurance
Rental car: Blue Cash Preferred Card from American Express
Hertz Car Rental Benefits with upgrades
$50,000 car rental loss and damage insurance
One Key+ Card
Auto Rental Collision Damage Waiver
Purchase & returns: Blue Cash Preferred Card from American Express
$1,000 purchase protection for eligible items
$300 return protection per eligible item
One Key+ Card
—
Extended warranty: Blue Cash Preferred Card from American Express
Extended Warranty up to one year
One Key+ Card
—
Other protections: Blue Cash Preferred Card from American Express
Zero liability protection on fraudulent charges
One Key+ Card
—

Pros & cons

Pros: Blue Cash Preferred Card from American Express
6% cash back at U.S. supermarkets on up to $6,000/year ($360 max annual value)
6% cash back on select U.S. streaming services with no annual cap
$120 annual Disney Bundle credit effectively reduces fee to net-negative
3% cash back at U.S. gas stations and on transit with no spending cap
0% intro APR for 12 months on purchases and balance transfers
One Key+ Card
$100 annual OneKeyCash anniversary credit roughly offsets the $99 annual fee (usable only on Expedia, Hotels.com and Vrbo)
Strong 3% earning on dining, groceries, gas, and Expedia Group bookings
Solid 2% base earning on all other purchases
No foreign transaction fees
Automatic Gold status with One Key program
Cons: Blue Cash Preferred Card from American Express
$95 annual fee after first year (offset by $120 Disney credit if used)
2.7% foreign transaction fee makes it poor for international use
6% grocery cap at $6,000/year limits high-spending households
Warehouse clubs (Costco, Sam's Club) do not code as supermarkets
1% back on non-category purchases is below average
One Key+ Card
OneKeyCash is not redeemable for cash - only usable on Expedia, Hotels.com, and Vrbo
No transfer partners - locked into Expedia Group ecosystem
Booking through OTAs means missing out on hotel elite benefits and direct booking perks
No lounge access or premium travel protections
Relatively new program with less established value compared to Chase/Amex

Card details

Add a 3rd or 4th card to this comparison →

Category-by-Category Winner

The Blue Cash Preferred Card from American Express wins in 3 of 5 categories. The One Key+ Card leads in 2. 1 more category depend on booking channel or caps.

Streaming

Blue Cash Preferred Card from American Express earns 6X vs 2X

Transit

Blue Cash Preferred Card from American Express earns 3X vs 2X

Grocery Stores

Depends: up to $6,000/yr

Blue Cash Preferred Card from American Express earns 6X when conditions are met; One Key+ Card earns 3X (3X without restrictions)

Ridesharing

Blue Cash Preferred Card from American Express earns 3X vs 2X

Dining

One Key+ Card earns 3X vs 1X

Everyday purchases

One Key+ Card earns 2X on all other spending vs 1X

Year One vs Ongoing Value

Modeled net value (bonus categories at unconditional rates, caps applied). Spend mix: dining 15%, groceries 15%, gas 10%, travel 10%, everything else 50%. Statement credits use the same recurring usable estimates as each card's detail page; first-year-only credits count in year one only. Welcome offers valued at each card's program rate shown on this page.

Both scenarios favor the One Key+ Card on net value (rewards, usable credits, fees, and welcome offer).

Scenario	Blue Cash Preferred Card from American Express	One Key+ Card	Ongoing winner	Year-one winner
Light spender: $1,000/month	Rewards: $144 Credits (our usable estimate): $24 − Annual fee ($95) Ongoing: $73 Year one: $168	Rewards: $288 Credits (our usable estimate): $0 − Annual fee ($99) Ongoing: $189 Year one: $539	One Key+ Card	One Key+ Card
Heavy spender: $4,000/month	Rewards: $576 Credits (our usable estimate): $24 − Annual fee ($95) Ongoing: $505 Year one: $600	Rewards: $1,152 Credits (our usable estimate): $0 − Annual fee ($99) Ongoing: $1,053 Year one: $1,403	One Key+ Card	One Key+ Card

Is the Fee Difference Worth It?

The One Key+ Card costs $99/yr — that's $4 more than the Blue Cash Preferred Card from American Express ($95/yr). To justify that gap, you need to extract at least $4 in annual value from the card's higher earn rates and benefits.

Bottom line: Use the year-one vs ongoing table for modeled earn value at your spend level. The $4 fee gap means the One Key+ Card needs roughly $4 more in annual rewards (or credits you will use) to break even on gas stations and grocery stores and everyday spend.

Which Card Is Right for You?

Get the One Key+ Card if you:

+Spend $300+/month on restaurants and dining out
+Prefer a high flat rate across all spending

The Bottom Line

Both scenarios favor the One Key+ Card on net value (rewards, usable credits, fees, and welcome offer).

Everyday (non-bonus) spend earns 2X on the One Key+ Card vs 1X on the other card.

Published annual fees: Blue Cash Preferred Card from American Express $95/yr, One Key+ Card $99/yr — a $4 difference before welcome offers and credits.

Frequently Asked Questions

Is the One Key+ Card worth the higher annual fee?: The One Key+ Card costs $99/yr vs $95/yr for the Blue Cash Preferred Card from American Express. Compare the year-one vs ongoing value table on this page — the $4 gap must be offset by higher earn rates, welcome offers, or credits you will use.
Which card earns more rewards, the Blue Cash Preferred Card from American Express or One Key+ Card?: The One Key+ Card has a higher base earn rate (2X vs 1X), but both cards have different bonus categories where they excel.
Should I get the Blue Cash Preferred Card from American Express or the One Key+ Card?: Use the spend scenarios on this page: the Blue Cash Preferred Card from American Express has a lower $95/yr fee; the One Key+ Card must earn enough extra (or offer a larger welcome bonus) to justify $99/yr.

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Official issuer pages: American Express cards · Wells Fargo cards

Editorial disclosure: CardRewards.ai is an independent comparison service. Card data comes from issuers' published terms; catalog last published October 12, 2026, and each card page shows when its terms were last checked. Card issuers do not influence our rankings or content.