Update (9/12 2:45pm): The trade-in promo is outlined in this press release by Verizon.

Update (9/11 11:15am): The promo is still not back up on Verizon’s site, but the details can be found in this post made by a Verizon Wireless Customer Support rep.

Update (9/10 5:45pm): Looks like the promo has been removed Verizon’s website. We’re reaching out to Verizon to find out what is going on.

In light of Apple’s iPhone 6 announcements, we’re expecting a flurry of trade-in promos from carriers and trade-in services. We’ve already covered your best iPhone 6 trade-in options, but this Verizon promo stood out to us.

Verizon is promising a $200 gift card for any working iPhone 4/4s/5/5c/5s. Now, you can probably get a higher rate for all of the iPhone 5 models, but $200 for a 5-year old iPhone 4 is way above market value.

For example, Gazelle is currently offering $15 for a working Verizon 8GB iPhone 4 and $50 for a working AT&T 8GB iPhone 4. Amazon prices are better at ~$57 for similar configurations, but that’s still not close to the $200 Verizon is offering as part of this promo.

It’s not clear if it works on preorders or not, and other details remain scarce, so check back for the latest updates.

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