Apple tweaks phone trade-in program to offer less credit, but more options

Apple has made some adjustments to its phone trade-in program, which allows you to exchange your current iPhone or eligible smartphone for credit towards a new one. The company has lowered the maximum credit you can receive to $250 for an iPhone 6 Plus, down from $300. However, the company has expanded what you can do with that credit.

You can now choose to put the credit towards reducing the full cost of your new iPhone, or bringing down the cost of your monthly carrier payments, according to Apple (opens in new tab) (via 9to5Mac):

Get up to $250 in credit when you trade in your eligible smartphone. Use that credit to lower the full cost of a new iPhone or to reduce the monthly payments with your carrier.

Here are the current trade in prices for the various iPhone models:

  • iPhone 4s: $50
  • iPhone 5, 5c: $75
  • iPhone 5s: $125
  • iPhone 6: $225
  • iPhone 6 Plus: $250

You can trade in your phone in an Apple Retail Store in order to receive in-store credit, while trading in online will net you an Apple gift card for the value of your phone.

Joseph Keller is the former Editor in Chief of iMore. An Apple user for almost 20 years, he spends his time learning the ins and outs of iOS and macOS, always finding ways of getting the most out of his iPhone, iPad, Apple Watch, and Mac.

  • I'm a little confused, could you not do this before?
  • you couldn't use the money as a down payment to lower monthly costs. you simply got an apple store gift card to cover taxes, case, apple care etc at the end of the deal.
  • These phone trade ins are always way worse than what you could get on most other sites unless you have a really old model with pretty much no trade value.
  • Fair point, but it works great to get rid of a phone, especially if you hate selling.
  • Bad deal becomes even worse.
  • That's good for people wanting to do the monthly deal but it does suck for outright buyers. :( I don't know if I would have gotten the SE if I only got $125 for trade-in.
  • It's not a bad deal, but it was better a month ago when my wife got $100 for her 5c toward her new SE. We used the $100 to purchase Apple Care+. Loves her rose gold SE! Thank you Apple!