Other Trade In Value More than Amount Paid?

[Honey_crisp]

Quick question if anyone has done this before/works Apple retail and can answer:

In a scenario where you pay for the new iPhone partially with gift cards and partially with a credit card, what happens if the trade-in value for your old phone is greater than the amount on your credit card? Has anyone done this before and if so how does Apple apply the trade-in credit?

Example:

iPhone costs $1000, paid for with $600 in gift cards and the remaining $400 with a credit card. Old iPhone trade-in is worth $500. Will Apple refund the $400 paid on with the credit card and issue a gift card for $100? Or will they only let you trade in the old iPhone for a gift card for $500? Trade in is performed in-store within 14 days, to apply towards the new iPhone purchase.

Thanks!

 

[daddyd302]

You get $400 back to your credit card and a $100 gift card is what I'm assuming.

 

[CMoore515]

You get $400 back to your credit card and a $100 gift card is what I'm assuming.

This

 

[Bigwaff]

Your trade-in value is credit towards purchase of new device. If you not purchase new device immediately, you can opt for trade-in value on Apple gift card. Apple not give you cash or refund credit card.

Apple Trade In

Trade in your iPhone, iPad, Mac, Watch, or any other device for credit toward a new one, or recycle it responsibly for free with Apple Trade In.

www.apple.com