EXPEDIA GROUP, WELLS FARGO AND MASTERCARD ANNOUNCE NEW SUITE OF ONE KEY CREDIT CARDS

Core Points - Expedia Group has announced a multiyear agreement with Wells Fargo and Mastercard to launch two new co-branded credit cards, the One Key Card and One Key+ Card, aimed at enhancing the travel experience for U.S. travelers [1][2] - The One Key Card suite offers 3% in OneKeyCash on purchases made through Expedia, Hotels.com, Vrbo, and everyday purchases at gas stations, grocery stores, and restaurants [1][2] - Cardholders will receive automatic tier upgrades in the One Key loyalty program, with One Key Cardholders achieving Silver tier and One Key+ Cardholders achieving Gold tier, unlocking savings of 15% and 20% or more on over 10,000 hotels worldwide [2][3] Card Features - The One Key+ Card has a $99 annual fee, offers $600 in OneKeyCash after spending $3,000 in the first three months, and provides 3% in OneKeyCash on Expedia, Hotels.com, and Vrbo [3][4] - The One Key Card has no annual fee, offers $400 in OneKeyCash after spending $1,000 in the first three months, and provides 3% in OneKeyCash on Expedia, Hotels.com, and Vrbo [3][4] - Both cards include travel protections such as trip cancellation and interruption, auto rental collision damage waiver, and common carrier travel accident insurance [3][4] Strategic Goals - The launch of the One Key Cards is part of Expedia Group's mission to make travel more rewarding and flexible, helping travelers achieve higher tiers for more rewards faster [2][5] - The partnership with Wells Fargo and Mastercard aims to provide immediate value to customers through instant discounts, enhanced perks, and accelerated rewards [4][5] - The One Key loyalty program is designed to unify the travel rewards experience across Expedia, Hotels.com, and Vrbo, making it easier for consumers to earn and redeem rewards [2][8]