I recently downgraded my Chase Sapphire Preferred Visa to a Chase Sapphire Visa. The Chase agent I spoke to explained to me that I would be receiving a new “non-metal” card in the mail with the same number as the Preferred card, so I could continue using the Preferred card until the new card arrived.
(are you still with me?)
The agent then offered to send an envelope so I could send back the “metal” Sapphire Preferred card. I said that wasn’t necessary ( I usually save my old cards). She went on a little more about this (a bit too much, in my opinion), and then we cordially ended our conversation.
Well, yesterday I received the new card. It does look just like the prior card, sans the metal and the word Preferred. In the package was an envelope – with postage pre-paid – to return the card. There is a special slot in the envelope to place the card.
The instructions on the envelope state:
Please return your card(s) to Chase for secure disposal, following the instructions below:
1) Insert your outdated or expired card(s) in the open slots below.
2) Detach this perforated portion from the envelope.
3) Seal the envelope and place in any mail box.
This is most peculiar. No other credit card company in my experience has ever sent a return envelope for a canceled or expired credit card. Why so much care?
So what is it? Is it an eco-concern because these cards are hard to destroy? Is it dangerous to try to cut these cards? Do they pose disposal threats like batteries or used syringes? Or do these cards have some value, legitimately or otherwise, on the street? Maybe it really is Kryptonite, Superman? I have no idea – but I’m truly perplexed.