Walmart will credit you up to $300 for your old iPhone 5

Sorry, Galaxy S3 owners, you get up to just $175. The new program, which puts the money toward the purchase of a new phone, starts September 21 at Walmart and Sam's Club.

Walmart

Consumers looking to trade in their current smartphone for a new one can soon save money through a new deal from Walmart.

Starting September 21, people who bring in their existing phone to a Walmart or Sam's Club store can earn a credit of anywhere from $50 to $300. The trade-in price depends on the brand and its condition. As a few examples, a working iPhone 5 can score you $300, a Samsung Galaxy S3 $175, and a Galaxy S2 $52.

Coincidentally -- or not -- Walmart's news comes just a few hours before Apple is expected to unveil one or more new iPhones. CNET will be covering Apple's event, which starts at 10 a.m. PT, with a live blog, here .

Buyers must then apply the credit toward the purchase of a new smartphone. Customers can choose a phone with the standard two-year agreement or pick a model through Walmart's prepaid contract-free Straight Talk plan .

"Smartphones have become a part of our customers' everyday lives and as new devices launch more frequently, trade-in programs are becoming more popular," Steve Bratspies, Walmart's executive VP of general merchandise, said in a statement. "More and more, customers are choosing where they purchase new smartphones based on where they'll get the best value for their trade-ins."

The trade-in promotion will be good at more than 3,600 Walmart stores and Sam's Club outlets across the US.

Such trade-in deals are likely to start flourishing as Apple preps its next-generation iPhone, which is expected to launch before the end of the month.

Catch CNET's live blog from Apple's iPhone event, Tuesday at 10 a.m. PT
About the author

Journalist, software trainer, and Web developer Lance Whitney writes columns and reviews for CNET, Computer Shopper, Microsoft TechNet, and other technology sites. His first book, "Windows 8 Five Minutes at a Time," was published by Wiley & Sons in November 2012.

 

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