Reader Caroline alerted us to this promotion going on right now at Best Buy. Trade in your iPhone 4 or 4s to get a “free” iPhone 5 at Best Buy. This deal is available for Verizon, AT&T and Sprint customers – but note your contract must be up.
If you trade in an older working model iPhone 4 or 4S, you can earn a credit of up to $150, which can be used to cover the purchase of a new 16 gigabyte iPhone 5, at the retailer’s current $149.99 price. The price factors in a $50 instant rebate that stays in effect until June 29. Again, please note that you’ll need to renew your contract and pay $35 in sales tax.
If Best Buy deems your older phone worth more than the $149.99 price of an iPhone 5, it’ll make up the difference with a Best Buy gift card. Please keep in mind that this is available in stores only.