Wells Fargo is about to launch two One Key co-branded credit cards, with rewards of up to $600. One Key is Expedia’s loyalty program, and both the welcome bonus and annual rewards are issued as One Key Cash, which can be redeemed on Expedia.

Based on the introduction, the annual-fee version looks like the better deal. It comes with a $100 annual credit, which can effectively offset the annual fee if you can use it. The annual-fee version also includes automatic Gold status.