Verizon Offers $650 Credit Trade-ins Towards iPhone 7

There’s good news for early adopters of Apple’s iPhone 7 and 7 Plus. Verizon is offering its customers a $650 trade-in credit for old iPhone 6, 6 Plus, and 6S Plus devices. But the question remains, how eager are customers to give up access to a 3.5mm headphone jack for a faster smartphone?

Verizon says the trade-in will cover the cost of the new iPhone 7 with 32 GB of storage. Preorders started at 3 am this morning (Sept. 9) for both the iPhone 7 and iPhone 7 Plus. Apple is allowing retailers to sell both devices in store on Friday, September 16.

Not a bad deal for a used device. Also, trade-in deals for the iPhone 5, 5c, and 5s are also available for a $400. Other phones including Android devices also have trade-in potential.

For full details, check the info below.

Want a new iPhone 7 at no cost? For a limited time, beginning Friday, September 9, at 12:01 a.m. PST, Verizon is offering iPhone 7 32 GB at no cost after you trade in an iPhone 6, 6 Plus, 6s or 6s Plus.** Have an iPhone 5, 5c, 5s or SE? Get up to $400 towards the purchase of your iPhone 7 or iPhone 7 Plus. Or trade in your Android or iPhone 4 device for up to $300 in trade-in value.

Trade in and get iPhone 7 for $0. Up to $650 savings.

Here’s how to get your iPhone 7 for $0:

  1. Buy a new iPhone 7 or iPhone 7 Plus with monthlydevice payments.
  2. During checkout, select the option to trade in your old device, or if you wish to trade in your device at a later time, log in to My Verizon and select “trade in old device.”
  3. After you have completed your trade-in appraisal, you will receive a box to return your old device.

Your savings will be credited to your account as recurring payments over 24 months beginning within 2-3 cycles. iPhone 6, iPhone 6s and iPhone 6s Plus are eligible for promotional value of $650.

Source: Verizon

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  • Johnny

    Pretty slick deal, but something feels odd about getting monthly payments back of my own money. I guess you could see it as a savings account in addition to a free phone?

  • Jonathan

    The credits do not begin until 2 – 3 months after trade-in and the credits stop after the new device is paid-in-full (24 months). So, Verizon will not give you the full $650, they don’t give any credit for up to the first 3 months. They give up to $81.25 less than what is advertised if I’m reading the fine print correctly.

  • Sneezerdoc

    hmmm…good point basically you need to stay with them for 27 or 28 months to really get your $$ back and this is assuming that once they receive your phone for trade in that they actually give you the $650 they promise. Most folks will probably forget about the fact that they need to wait for month 28 to roll around and instead jump on a new phone when it comes out in 24 months – Verizon makes about $81 by you want to upgrade.

    What isnt clear – can I hold on to my current Iphone until the Iphone 7 shows up?

  • Jonathan

    I’m able to add my iPhone 6s trade in to the shopping cart on Verizon’s website, but I can’t add my wife’s for the same trade in deal. Is it limited to one line?

    • TechVoid

      Perhaps you’d do better doing it as separate transactions. Can’t speak to that, however. Try customer service?

      • Jonathan

        That’s what I did. The chat support person suggested it and it seems to have worked so far. I have 2 separate inactive accounts at this point, so I’ll have to merge them after I activate the new iPhones. He gave me a number to the AOL department…