Premium credit card companies are going all out to vie for the attention of signups. JPMorgan Chase started this fight when it announced its new Sapphire Reserve rewards card. Amex seems to have gotten a leg up on their competition, but there are a couple of reasons that people may not want to hold onto their Platinum credit card. Some of us already repaired our credit, or just have great credit and don't want to make any mistakes. It won't be long before other credit card companies start offering awesome rewards and perks to regular members just to get them to sign up.

Source: Forbes March 28, 2017 15:45 UTC