If you purchase your iPhones or iPads from Best Buy, you may be interested in checking out their new Buy Back program. In a letter sent out to current Best Buy Reward Zone customers, they’ll be announcing the new program during the Super Bowl this coming Sunday (third quarter to be exact).

It appears Best Buy will tell you exactly how much they’ll give you for your gadget when you purchase it. When you are ready to trade in your iPhone, iPad, or iPod touch (or any other gadget for that matter), you’ll get a Best Buy gift card instantly for the fixed buy back amount. It’s a nice little gesture to loyal customers. Here is part of the e-mail sent to customers:

Buy Back is essentially “future-proofing” your technology. You purchase the technology you want today, and we’ll buy it back at a set price when you’re ready to upgrade to something new. You’ll know upfront what your gear will be worth, and you can conveniently redeem your Buy Back at our stores and immediately receive a Best Buy Gift Card.

It remains to be seen how much they’ll offer you for certain gadgets. My guess is whatever it is, you’ll still make out better selling your previous generation gadgets on eBay or Craigslist. It’s still a nice option for customers who don’t want to deal with the hassle of selling off old gadgets themselves.

Is this something you guys would utilize or do you think they’ll offer amounts that won’t really be worth it?

There is a new email promo floating around from Best Buy (got mine last night). Their Reward Zone and Premier Silver members are being offered a pretty enticing discount when purchasing new a iPhone 3G. Here’s how it works: Reward Zone members purchasing a new iPhone 3G will be lucky enough to have $50 knocked off the regular price while Premier Silver members get a even more generous $100 off of a new iPhone 3G.

Keep in mind this offer is only good until Saturday February 28th and you must sign your life away to AT&T for two years. So, if you are out shopping for a brand spanking new iPhone 3G and you’ve been a Reward Zone member before February 21st… head on over to Best Buy!