New phones are expensive, but if you take care of your old phone, you can knock off a significant amount of the prospective bill by taking advantage of trade-ins. I haven't used an official trade-in program offered by a manufacturer or retailer before, but I've sold my phone to third parties to offset the cost.
Not everyone who wants to sell a phone is looking to get another phone, though. In cases like that, trade-ins aren't the best option, and getting a buyer who will accept a fair price can be hard. Samsung's new program, Trade In for Samsung Credits, will solve that issue in one fell swoop. Standalone trade-ins are now a thing.
The Trade-In for Samsung Credits Initiative Will Make Offloading a Galaxy Device More Flexible
Before today, if you wanted to get rid of an old Samsung smartphone that you had on your hands, you would have to trade it in for a new device. The problem with that is that you might have more than one device to exchange for, or you simply might not be ready for a new phone anytime soon. Unfortunately, the only other option in such a case was to independently sell to a third party and deal with the associated risks.
If that's a common problem for you, Samsung has just made your life a lot easier. The South Korean company has launched a new program for standalone trade-ins. This makes it possible to trade in a phone for Samsung Credits instead, which will be valid for five years, putting zero pressure on you.
What makes this even better is that Samsung's new program doesn't limit your credits to smartphones and their accessories. Pretty much any Samsung product is eligible, such as:
- Televisions
- Refrigerators
- Monitors
- Washing Machines
- Sound Devices
Only Some Devices Qualify to Be Traded in for Samsung Credits
Not all devices can be traded for Samsung Credits right now. So, if you have a mid-range Samsung phone from eight years ago, you shouldn't get too excited. The deal applies to flagship phones from Samsung, particularly those released during and after 2020. That excludes the second-generation Z foldables and includes the Note 20 devices. It won't be a surprise that some of those phones will offer more value than others.
| Smartphone | Maximum Trade-In Value |
| Galaxy S24 Ultra | £453 |
| Galaxy S24 | £293 |
| Galaxy S23 Ultra | £386 |
| Galaxy Z Fold 5 | £396 |
| Galaxy Z Flip 5 | £231 |
| Galaxy Note 20 Ultra | £181 |
Above, you'll see a non-exhaustive table of some of the trade-in values you can get if exchanging a device for Samsung Credits. The prices listed are the maximum values for each model and will depend on the condition and storage variant that you trade in. At the moment, the program seems to be limited to the UK, but there's hope for an expansion.
One last thing you need to know is that there are a few conditions for a qualifying model to be eligible:
- Should be able to power on and hold a charge without shutting down unexpectedly
- Should have no liquid damage
- Should be reset to factory settings
