One of the most popular travel credit cards will soon see a 45 percent hike in its annual fee, along with new perks and benefits. These are the pros and cons of the changes, according to points-and-miles pros.

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.

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.