Costco has an electronics trade-in program that allows consumers to save money when shopping at the company's warehouse stores.
Under this program, retailers trade in eligible devices and provide the owner with a physical or digital Costco Shop Card equal to the value of the electronic device.
Costco is partnering with Phobio to offer the program.
on the other hand, trade-in program are available year-round, so consumers who purchased a new device from a retailer over the Thanksgiving shopping weekend, or purchased a device as a gift over the holidays and found themselves owning an older electronic device. This could be especially convenient for consumers. They have no use for it anymore.
Gift cards also come in handy for those who want to shop at Costco for the holidays and New Year's, whether it's groceries, last-minute gifts, or other items.
The Costco-Phobio program includes numerous Apple phones, laptops, tablets, smart watches, desktops, displays and media players, according to Phobio's website.
Also compatible with some devices from other brands.
The type and age of the electronic device will affect the trade-in value.
According to Phobio's site, the phones can sell for up to $665.
Costco's website explains that participants will receive a shipping label or box with “prepaid shipping supplies and packaging instructions” for shipping the device to Phobio.
Your Costco Shop Card will arrive by mail or email, depending on the type of card you choose, after the company verifies your device.
Costco and Phobio first partnered on an electronics trade-in program in 2019, according to a press release.
When the program first started, only Apple computers could be redeemed for Costco Shop Cards, but the program has since expanded the types of devices it accepts.
Phobio's site says it “typically takes approximately three weeks” from start to finish.
Costco says consumers can use their Costco Shop Card or membership to purchase items from warehouse retailers.
Costco has more than 600 warehouse stores in the United States and nearly 280 additional warehouse stores in other countries.
Meanwhile, the total number of membership card holders reached 136.8 million.
