Does Phi Betta Kappa or with Honors matter

So I go to a top 10 undergrad and should stay on track to graduate with at least a 3.8+. I am wondering whether it is important or worth putting in extra effort with courses for Phi beta Kappa. Or write the long thesis for senior Honor. I likely can only focus on 1, and am leaning towards the honors thesis.

But, I could do neither. Is it worth it? 
 

I see PE firms putting this in bios 

 

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