That depends on how you pay for your new iPhone.

If you use Apple Card Monthly Installments or Apple iPhone Payments and include a trade-in, your estimated trade-in credit is applied directly to the purchase price of your new iPhone.¹ Once we receive your trade-in device and confirm that the condition matches what you described, there’s nothing more you need to do.

If you pay in full, your trade-in value is applied as a credit to your original payment method. This happens once we receive your eligible smartphone and confirm that the condition matches what you described.

In either case, if we provide a revised trade-in value based on the condition of your smartphone, we’ll work with you to confirm that you still want to move forward with the trade-in.