First, I need to give a shout-out to fellow fanboy Matt Press for alerting me about this deal via Facebook status. When I first read it I found it hard to believe. It really is an incredible deal to get a phone with an MSRP of almost $600 as an equal trade in for 3 year old technology. I went to BestBuy.com's Mobile Section and found it to be the truth!
Here's the way it works: You bring in your old model iPhone 4 or 4S and trade it in for a Best Buy Gift Card valued at $150. That card is then used to buy a new model iPhone 5 which, with a new 2-year contract, the subsidized price is $200. Best Buy then offers an additional $50 discount as part of this promotion equaling out to a full value trade-in and a free iPhone 5 for you! The only thing you will find yourself paying is the tax, which for me in NY came out to about $17.
As with any deal, there are always a few catches:
- Offer only available for iPhone 5 16GB model. You still have options of carrier (Verizon, AT&T, or Sprint) & color (black or white).
- Offer only good with trade-in of iPhone 4 or 4S in full working condition. They will do a thorough inspection of your phone to ensure this. So any phones with a cracked screen, water damage, or anything else that keeps the phone from functioning will sadly not be able to take advantage of this deal. All carriers but T-Mobile will be accepted.
- Requires the signing of a 2-Year Contract and you must be eligible for an upgrade with your carrier. Call your carrier to check your eligibility.
This offer will be available in-store only at your local Best Buy until June 29th. For more info see BestBuy.com or call your local store but locating it here.
For more by Mike Paden follow him on Facebook or Twitter.