The Chase Sapphire Reserve is getting an overhaul, alongside a big fee increase. Find out what's changing and whether it's still worth it.

Chase is hiking the annual fee for its Sapphire Reserve credit card to $795, starting June 23 for new applicants and October 26 for existing users. The card will offer expanded points-earning and statement credits,

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.