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Most wireless providers are running trade-in promotions whereby a customer can receive a credit of up to $300 for trading in an iPhone 4 or later model in connection with the purchase of an iPhone 6 with a 2 year plan.
For example, under the Verizon promotion, I will receive a $200 credit for trading in my iPhone 4S.
The last day to sign up for that promotion is today September 30, 2014.
I ordered a new iPhone 6 last week from Verizon. Even though the phone will not be delivered until after September 30th, I am eligible to sign up for the trade-in offer now. In fact, under the terms of Verizon’s confirmation letter, as long as one signs up for the trade-in promotion by September 30th, s/he has until October 15th to purchase the iPhone 6, and then must return the old phone in the postage-paid envelope provided by Verizon with 7 days of receipt of the new phone. Here is the confirmation letter I received from Verizon:
Your postage-paid, self-addressed envelope will arrive within 5 business days. Before sending your used device:
1. Disconnect your wireless service from all devices
2. Remove personal information, data, and user locks
3. Remove memory and SIM card
Please use the self-addressed prepaid envelope we send you. Simply seal the envelope with your device in it and drop it off at any US Postal Service location.
Once we receive your device we will confirm the appraised value and email your Verizon Wireless electronic gift card within 4 to 6 weeks.
The appraised value includes a promotional offer that requires a purchase of an iPhone 6 or iPhone 6 Plus on Verizon Wireless by 10/15/2014. Your device must be mailed to Verizon Wireless within 7 days after receiving the new iPhone 6 or iPhone 6 Plus but no later than 12/01/2014. Device received after 12/01/2014 will be reassessed at current market value. Damaged and non-working devices will be appraised according to their condition at time of inspection.
The policy is similar for each of the phone companies and retailers, but I would advise reviewing the terms of each program separately. The point is that the last day to sign up for the promotion is TODAY. Here is the link for Verizon, the link for AT&T.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.