Best Buy is once again offering a great deal. This time, it is offering iPhone 5s at a very low price: For only $149.99, you can now take home a brand new iPhone. However, the promotion will only last for two days. Starting Feb. 28 to March 1, you can start bringing in your old Apple iPhone 4s and 5, and trade them in for the newer Apple 5s 16GB.

In order to get this discount, customers must first purchase a new activation agreement via Verizon, Sprint or AT&T. After trading the phone, a gift card worth $150 will be given and it can be used in buying the iPhone. However, there are some rules in the agreement that potential customers should look into first before deciding to buy. For starters, the deal does not include surcharges and taxes during purchase. Also, the iPhone must also be bought in local stores and not online. Customers should also be eligible for the said agreement. Best Buy will only be giving the deal until March 1, after that it will no longer be available.

Although this idea sounds great at first, not all iPhones can be traded in. Their condition has to be checked first; if the phone has lots of repair issues, then it will devaluate the phone. According to those who have tried doing trade-ins before, it is important to bring an iPhone that is free from scratch. The slightest scratch could possibly devaluate the phone. If possible, the charger and the original box must also be brought in to the store. This will increase the value of the trade in. With this promotion along with the current $50 discount for iPhone 5s in Best Buy stores, the phone can be yours for $1. However, the $150 deal might be a long shot, especially if the old phone has been used for quite some time. Also, not all Best Buy stores offer this promotion; there is a list of qualifying Best Buy outlets that can be found online.