In the digital age, it's easy to upgrade electronics and then put the old device in a drawer for "just in case," but now it's time to clean out the old tech and trade it in for a Costco gift card.
The best part? You don't have to be a member to use a Costco Shop Card, the gift card you'll receive for trading in electronics. If you've been thinking about getting a Costco membership, but want to try it before you buy it, this is a great way to clean out your old tech and save money on groceries.
Talk about a great Costco hack! Learn how it works and what devices will score you the best return.
Amazon Prime members: get a $250 Amazon Gift Card!
If you're an Amazon Prime member, apply for the Prime Visa credit card here and you can get a $250 Amazon Gift Card instantly loaded into your Amazon account's Gift Card Balance upon approval (get an instant decision within 15 seconds).1 <p class="">If you respond via the Internet, the majority of applications are responded to in less than 15 seconds. Your actual response time may vary depending on the Internet connection and volume of submitted requests. We may not be able to give you an immediate answer in every instance.</p>
This is the perfect card to do some last minute holiday shopping, especially with the instant decision on application. There is no extra work or spending requirement and no annual fee!
The Prime Visa credit card also lets you earn unlimited 5% back at Amazon.com, Amazon Fresh, Whole Foods Market, and on Chase Travel purchases with an eligible Prime membership, unlimited 2% back at gas stations, restaurants, and on local transit and commuting (including rideshare), and unlimited 1% on all other purchases.
If you spend a good amount on Amazon this card could be worth $100s in cash back every year. Don't delay — apply today!
Good or excellent credit (typically 670 or higher) is recommended.
Click here to apply for the Prime Visa credit card today and get an instant decision in 15 seconds
What devices are accepted
The program is currently promoting Apple devices, but other major tech competitors, such as Samsung, Motorola, LG, and more, are also accepted.
They accept phones, tablets, laptops, desktops, smartwatches, display monitors, and media players.
Different phones, different values
The price varies based on model, condition, and other factors. Phones can fetch up to $665, and the prices drop as the models age.
To find out how much your old devices are worth, simply plug the make, model, and condition into the form available through Costco, and an estimate will be provided. If you like the price, you can print a shipping label or receive a ready-to-ship box. Either way, you won't have to pay for shipping.
How long does it take
Once you ship off your old electronics, it can take up to three weeks to be evaluated for a final price. The program's online portal allows customers to choose their preferred method of payment. Choosing a digital card could speed up the process for those anxious to go shopping.
A partnership with Phobio
The program isn't run directly by Costco but instead is a partnership with Phobio, meaning you don't have to go into a Costco to complete the trade-in.
It's done entirely from home, and even the gift card can be used through the website. That way you won't have to leave the comfort of your home unless you want to go shopping in-store.
Bottom line
If you've been saving the packaging your electronics came in, there is finally a use! Original packaging can slightly increase the value of your trade-ins.
Waiting until just before a new model is released can also increase the value of your trade-in, as the prices tend to increase to encourage consumers to switch to a new device. See how much your old tech is worth by visiting the Costco and Phobio website, and then filling out the quick and simple form.
If you're looking for other ways to make quick cash, check out these side hustles that work with a full time job.
More from FinanceBuzz:
- 12 ways to pocket up to $300
- Are you a homeowner? Get a protection plan on all your appliances.
- 10 little weird hacks Costco shoppers should know.
- Learn how to escape the paycheck-to-paycheck grind.
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