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Target Offering Cash for iPhone Trade-Ins

by Tom Moccia | February 7, 2011February 7, 2011 2:00 pm PST

It seems that iPhone trade-in programs are catching on everywhere. We have reported a number of times about Radio Shack iPhone trade in programs, and now Best Buy is running one also on just about every device it offers.   It seems you can turn in a working model iPhone and get credit of varying amounts towards a new one at just about every retailer these days.

Target is now getting into the trade-in game for customers who wish to upgrade to the iPhone 4. Target customers, or ‘guests’ as the company likes to refer to them, will receive up to $100 trade-in value on an iPhone 3G 16GB model and up to $200 credit on an iPhone 3GS 32GB model. It should go without saying at this point that the phones need to be in working order, and guests must sign a new two year commitment with AT&T, as is standard fare. The official statement from Target is below:

iPhone 3G or 3GS trade-in – In order to take advantage of this in-store only offer, guests must trade in a working iPhone 3G or 3GS and sign a two-year contract with AT&T. Guests may receive up to $100 credit for an iPhone 3G 16GB and up to $200 credit for an iPhone 3GS 32GB, offering great cost savings on a new iPhone 4 16GB priced at $199 or an iPhone 4 32GB priced at $299.

This deal only runs for a week, from Feb. 6th to Feb. 12th, so if you’re itching for an iPhone 4, this is a good opportunity to get one at a discount with very little legwork. On the other hand if you are willing to put forth some effort and list your iPhone 3G or 3GS on Craigslist or eBay you could experience a significantly better return for your old device.

What do the TechnoBuffalo readers say, is this trade in craze a passing phase or do you it will become the norm? Let me know in the comments below.

[via CNET]

Tom Moccia

Tom Moccia is a native of Stamford, Connecticut and moved his family west in 2000 and now calls Stockton, California home with his wife and two...