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 shopping hack! Learn how it works and what devices will score you the best return.
Earn cash back on everyday purchases with this rare account
Want to earn cash back on your everyday purchases without using a credit card? With the Discover®️ Cashback Debit Checking account (member FDIC), you can earn 1% cash back on up to $3,000 in debit card purchases each month!1 <p>See website for details.</p>
With no credit check to apply and no monthly fees to worry about, you can earn nearly passive income on purchases you’re making anyway — up to an extra $360 a year!
This rare checking account has other great perks too, like access to your paycheck up to 2 days early with Early Pay, no minimum deposit or monthly balance requirements, over 60K fee-free ATMs, and the ability to add cash to your account at Walmart stores nationwide.
Don’t leave money on the table — it only takes minutes to apply and it won’t impact your credit score.
Apply for a Discover Cashback Checking account today
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 $750 for the latest iPhone with the maximum storage space. The prices drop as the models age, and Apple products have the highest trade-in values.
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, they can take up to three weeks to be evaluated for a final price. If you choose to receive your Costco Shop Card in the mail, it could take 20 additional business days to receive it. Choosing a digital card could speed up the process for those anxious to go shopping.
Get a protection plan on all your appliances
Did you know if your air conditioner stops working, your homeowner’s insurance won’t cover it? Same with plumbing, electrical issues, appliances, and more.
Whether or not you’re a new homeowner, a home warranty from Choice Home Warranty could pick up the slack where insurance falls short and protect you against surprise expenses. If a covered system in your home breaks, you can call their hotline 24/7 to get it repaired.
For a limited time, you can get your first month free with a Single Payment home warranty plan.
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, so 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 official Costco website and filling out the quick and simple form.
If you're looking for other ways to make quick cash, check out these side hustles that let you earn extra income without risking your full-time job.
More from FinanceBuzz:
- 7 things to do if you’re barely scraping by financially.
- Are you a homeowner? Get a protection plan on all your appliances.
- 6 genius hacks Costco shoppers should know.
- Learn how you can escape the paycheck-to-paycheck grind.
Trending Stories
Lucrative, Flat-Rate Cash Rewards
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.24%, 24.24%, or 29.24% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.