Walmart has announced a new smartphone trade-in program this morning. The retailer has said the program will be available at Walmart and Sam’s Club locations. More to the point, at more than 3,600 locations across the US. The program is set to go live on September 21 and as we often see — the amount you get will depend on the device you are looking to trade.

Details coming from Walmart mention that trade-in values will range from as low as $50 and as high as $300. Some specific examples include $300 for an iPhone 5, $175 for a Galaxy S III or $52 for a Galaxy S2. Of course, all phones must be working and undamaged in order to get any credit.

Walmart has 100 smartphones on the ‘can be accepted’ list and those trading a device will get an immediate credit. The trade-in program is being done in conjunction with CExchange and those taking advantage of the program will need to use the credit they receive towards the purchase of a new device.

As far as that goes, some additional Walmart provided examples show you will be able to grab a Galaxy S 4 for $138 (on a two-year agreement with Verizon Wireless or AT&T). And aside from trading your existing handset for a device with a two-year agreement — the credit can also be applied towards prepaid options.

Walmart offers prepaid handsets as well as plans from Straight Talk, which offers T-Mobile and AT&T service for $45 per month. That all being said, while Walmart is launching this smartphone trade-in program on September 21, they also have a regular electronics program available that will reward the user with Walmart gift cards.

SOURCE: PR Newswire