Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +True 2% unlimited cash back on all purchases with no annual fee
• +Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
• +No minimum redemption threshold (rewards deposit automatically)
• +$150 welcome bonus after $1,500 spend in 90 days
• +Visa Signature benefits: extended warranty, purchase protection, concierge

• +$100 annual OneKeyCash renewal credit offsets the $0 annual fee (net positive value)
• +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

• −Requires Fidelity account for redemption (cannot get cash to bank account)
• −1% foreign transaction fee makes it unsuitable for international travel
• −Not flexible if you ever want to leave Fidelity
• −No premium travel benefits or lounge access
• −Issued by Elan Financial Services, not Fidelity directly (customer service may vary)

• −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

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +True 2% unlimited cash back on all purchases with no annual fee
• +Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
• +No minimum redemption threshold (rewards deposit automatically)
• +$150 welcome bonus after $1,500 spend in 90 days
• +Visa Signature benefits: extended warranty, purchase protection, concierge

• +$100 annual OneKeyCash renewal credit offsets the $0 annual fee (net positive value)
• +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

• −Requires Fidelity account for redemption (cannot get cash to bank account)
• −1% foreign transaction fee makes it unsuitable for international travel
• −Not flexible if you ever want to leave Fidelity
• −No premium travel benefits or lounge access
• −Issued by Elan Financial Services, not Fidelity directly (customer service may vary)

• −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

Annual Fee

Welcome Bonus

Base Earn Rate

Top Earn Categories

Network

Key Benefits

Pros

• +True 2% unlimited cash back on all purchases with no annual fee
• +Rewards auto-deposit into Fidelity brokerage, IRA, 529, or cash management accounts
• +No minimum redemption threshold (rewards deposit automatically)
• +$150 welcome bonus after $1,500 spend in 90 days
• +Visa Signature benefits: extended warranty, purchase protection, concierge

• +$100 annual OneKeyCash renewal credit offsets the $0 annual fee (net positive value)
• +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

• −Requires Fidelity account for redemption (cannot get cash to bank account)
• −1% foreign transaction fee makes it unsuitable for international travel
• −Not flexible if you ever want to leave Fidelity
• −No premium travel benefits or lounge access
• −Issued by Elan Financial Services, not Fidelity directly (customer service may vary)

• −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