What possible motivation would Chase have to take on this card? Its not like chase already doesn’t have a whole ecosystem of free well regarded credit cards

There will always be a new one around the corner 🤷‍♂️ if you really want one now then go for it.

It’s a notification device for me. I mainly just wear it to work where I need to respond to messages quickly and I might not feel my phone vibrate. Outside of work I don’t really wear it much. Maybe if I go on a run if I remember to wear it.