With the new iPhone launch rapidly approaching, companies are offering trade-in options for the iPhone 4/4S, and Amazon is now offering up to $500 for a 64GB iPhone 4S in “like new” condition, with payment in the form of an Amazon gift card. The iPhone must come with the original manufacturer packaging and accessories, be in “perfect working condition,” and be free of visible wear or personalization to qualify. A 64GB model in “good” condition can still net up to $425. Notably, for those looking to use those dollars towards a different phone, Amazon gift cards cannot be used on AmazonWireless purchases.

As previously noted, Apple is offering $345 for a top condition 64GB iPhone 4S, with payment in the form of an Apple gift card. Gazelle is currently offering $329 in cash for the same phone. [via 9to5Mac]

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Phil Dzikiy

Phil Dzikiy was the Editor-in-Cheif at iLounge. He mostly edited and oversaw all site editorial content, managed staff and freelancers, made the final call on product review grades and awards, and led online coverage of all Apple events and live coverage of the International CES in 2015.