Look. We know there are a lot of options when you’re looking to trade in your old iPhone. There are some great services out there, no doubt. However, what you think you’re getting and what you’re actually getting may not always line up.
This week, following the debut of that gorgeous new iPhone 6 and iPhone 6 Plus, many of the nationwide carriers announced consumer trade-in plans for those who plan to upgrade. We dug in to see what the actual value was, and what the fine print said. Enjoy.
The promotion: They pledge up to $300 trade-in value when you trade in your old iPhone. For a limited time, trade-in an eligible phone and receive a $300 AT&T promotion card for an iPhone 5S, or a $200 AT&T promotion card for an iPhone 4, 4S, 5 or 5C.
The catch: The offer expires on Sept. 30, 2014. The iPhones must be in fully functional condition, and no payment is given if the phone is damaged in any way. The deal also requires a purchase of a new smartphone entirely, along with a new 2-year wireless contract. The AT&T promotion card can ONLY be used toward AT&T products or credits (i.e., for your wireless bill.) If you trade-in in the store, you receive the promotion card instantly If you trade-in online, you wait three weeks for your money.
The promotion: Verizon promises up to a $300 gift card through their “Trade-In and Trade-Up Smartphone” deal. However, it’s only valid if you’re willing to purchase a new smartphone entirely. They also promise a new iPhone 6.
The catch: iPhone 6 promotion is only valid you want the iPhone 16GB version, nothing else. And, you must purchase a 2-year contract. Trade-in smartphone must be in good working condition, no payment if it is damaged in any way. The Verizon gift cards are ONLY valid towards the purchase of their products and services. The gift card will also be mailed to you two weeks after trade-in, so you will still have to pay the cost of the iPhone 6 or other smartphone upfront when you go in
The promotion: Sprint is offering a “Get $200 for any iPhone when you trade in for an iPhone 6″ deal.
The catch: To cash in, you must purchase an iPhone 6 or iPhone 6 Plus, and start new 2-year contract, financing plan, or leasing plan. The value can only be used towards Sprint products or services, or applied as account credit. The iPhone must be in fully functional condition.
The promotion: T-Mobile promises the “Best Trade-In Value in Wireless, Guaranteed.” They offer to beat any trade-in offers from the other carriers. They also offer to pay early termination fees (ETFs) from the other carriers.
The catch: Verification reflecting trade-in value from AT&T, Verizon Wireless or Sprint must be presented within seven days after trade-in. The value match can only be paid out as bill credit, and will take 2-3 bill cycles to be applied. Up to $350 will be paid as a prepaid MasterCard that is only a rebate/reimbursement on a new device, service or port-in hardware. The iPhone must be in good working condition, and you must purchase the new smartphone you want upfront before completing the trade-in.
So, what did we all learn today kids?
-Your phone MUST be in good and working condition
-Rebates and reimbursements often go towards other hardware/device credits, not just as money in your pocket
-Contracts/agreements with the carrier are required
We know that life happens. Your phone may not always be in pristine, working condition, and we’ll still put money in your pocket for it with our Express Sell service. Literally. We will come to you, and give you cash, on the spot. No matter the phone condition. And, we’re the only ones who do it. Here’s a video for those of you prefer to visually learn: iCracked Express Sell.
Lock in your offer today: icracked.com/sell