Recieved my "kit" today via UPS. It really was 5lbs. Nice box, holding my card, a large Membership Guide, along with the large luxury resort book.
Inside the Membership Guide, it mentions the 1.5 miles per dollar earning, and has no mention of the Flex EQM miles.
The card is thicker than the Presidential Plus card, and feels metal-like. As indicated, it is the same account number, but new expiration and security code. No chip.
Edit: I was a Presidential Plus Convert. Not a new applicant.