There are reasons, but...
There are some reasons to get this card. You can earn back your annual fee, you can use the points to cover taxes on airfare, you can double-dip and still receive mileage on your reward travel, etc...
Like most people here it doesn't fit my present spending habits in that I'm better off putting airfare and hotels on specific cards, but I can actually see this card being a good deal for some people.
That said, I'm astounded they haven't offered those of us with an expiring Worldperks Visa some sort of retention bonus, like "earn 5,000 bonus points with your first $5000 in spending" or something. Even if I kind of like this card, why would I be willing to start with a balance of 0 points?
Has anyone gotten any sort of offer?