HYLA Blog

iPhone 7 Trade-In Offers from the Top 4 US Carriers

Posted by Stephanie Atkinson on Sep 20, 2016 10:00:00 AM

 

iphone 7 trade-in offersIn  a move that swept the headlines late last week, all 4 top U.S. wireless carriers are back in the business of discounting devices. No, we are not returning to device subsidies the way we were so accustomed to in the past, but with the launch of the iPhone 7 we are back in business in terms of getting a “discounted” device.

All four carriers are providing up to $650 in bill credits provided back to the customer over the course of the monthly equipment installment plans (EIP) on the iPhone 7, as long as an older iPhone is traded-in. Both AT&T and Verizon are offering these credits for iPhone 6 models traded in, including the iPhone 6, iPhone 6 Plus, iPhone 6s and iPhone 6s Plus.

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Sprint is offering the best options, as it is allowing trade-ins for both iPhone 6 models and Samsung Galaxy 7 models. T-Mobile is also differentiating itself by allowing iPhone 5 models to be part of the trade-in providing credits up to $370 depending on the smartphone traded in. 

However, all 4 carriers are emphasizing the trade-in of the iPhone 6 models to get the $650 in bill credits.

Take a look at a quick summary of the iPhone 7 trade-in offers:

carriers trade in offers

*Brands and logos are owned by their respective companies, chart creation by Compass Intelligence

To qualify for this mobile trade-in offer, there are a few requirements:

  1. The devices must be in good working condition - it must power on and be free of defects, cracks, etc.
  2. No standing payments - If customers owe a balance on any existing devices, those devices must be paid in full prior to trading those in online or in the stores.
  3. With some carriers, such as Sprint, the devices must be unlocked and deactivated.

Once you qualify, there is the condition that states that the full $650 credits does NOT come all at once. Instead, it will be provided in the form of generally equal reductions in your monthly device payments over the course of your EIP plan (24-30 months). So, those customers who stick with the 2 year payoff plans will be the ones who reach the full potential of these discount offers.

From a business trade-in promotion offer, small businesses can garner this same iPhone 7 $650 bill credit offer. Verizon also highlights a few incentives for medium and enterprise businesses by offering trade-in incentive discounts for those who sign up with a new 2-year plan. These offers are expected to last through the month of September and may go longer with the exception of AT&T who notes their offer expired on 9/30/2016.

Additional offers that may be utilized around switching or the iPhone 7 include the following:

carriers trade in offers

*Brands and logos are owned by their respective companies, chart creation by Compass Intelligence

This blog was created by Compass Intelligence. Contact them at: info@compassintelligence.com.
Interested in more trade-in offers? Check out the latest trade-in industry trends, in this infographic:

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Topics: Device Processing and Liquidation

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The HYLA Mobile blog is a place for thoughtful dialogue that will ultimately change the perception of “used” phones around the world. Visit the HYLA website to learn more.

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