The new rewards card is raising its annual fee to almost $800, but cardholders must spend $75,000 to unlock its best perks. How to tell if the card works for you.

Chase is initiating a Points Boost program that will double redemption value for points on select flights and hotels booked through Chase Travel℠, the issuer's travel portal. However, on Chase Travel purchases not eligible for Points Boost, the redemption value will be 1:1.

Chase announced that the popular travel card will have a higher annual fee, new rewards rates for spending and a host of new benefits.