Walmart will begin offering store credit toward new smartphones for trade-ins on Sept. 21.
More than 100 models will be accepted for somewhere between $50 (a Samsung Galaxy S2) and $300 (an iPhone 5) in credit, it says. The full list of phones and their values isn’t online yet, although ads for the program say it will appear at www.walmart.com/tradeineligibility.
To participate, bring the phone to a Walmart or Sam’s Club electronics department. An associate will ask questions about the device’s condition and specifications. The phone must be “in working condition without having a cracked or broken screen or housing or any sign of liquid damage.”
if accepted, the trade-in will generate an immediate credit toward a new phone. The same iPhone 5 model sells at Walmart for $98, and the latest Samsung Galaxy, S4, for $138 — with a two-year contract from a major carrier. The credit can also be applied to a phone purchased for Walmart’s $45-per-month prepaid plan.
Walmart is not the only game in town. It’s just one new option. “IPhone users looking to lock in a good trade for the upcoming new device can grab better deals elsewhere,” CNNMoney says. It got quotes of up to $336 from other buyers, and the highest was Apple itself. Check out the video below for advice on getting the most money for your old phone.
Are you planning an upgrade sometime soon? Which phone and seller have caught your eye? Let us know on Facebook.
This article was originally published on MoneyTalksNews.com as 'Some Smartphones Worth $300 in Walmart’s Trade-In Program'.