Yes, Expedia operates a comprehensive loyalty program called One Key, which replaced the old "Expedia Rewards" system. Members earn OneKeyCash on eligible bookings, which acts as a "digital currency" ($1 OneKeyCash = $1 USD) that can be used to pay for future hotels, car rentals, and activities across Expedia, Hotels.com, and Vrbo. Generally, you earn 2% OneKeyCash for every dollar spent on eligible hotels, cars, and cruises, and 0.2% on eligible flights. The program is tiered (Blue, Silver, Gold, Platinum); higher tiers earn "bonus" OneKeyCash on certain "VIP Access" properties. In 2026, a major benefit of One Key is that it allows you to "double dip"—you can earn Expedia's OneKeyCash while still earning frequent flyer miles directly from your airline, provided you are logged into your account during the booking process.