Pre-orders for the Galaxy Note 4 are now up and running at multiple wireless carriers and to further motivate consumers to buy its new flagship smartphone, Samsung is running a new trade-in promotion that guarantees $200 for your old device. In order to take advantage of this offer, you need to pre-order the Note 4 from any carrier or retailer and trade in a working smartphone between now and October 16th.

Then on October 10th, visit Samsung’s special promotional website to submit your name, email address, mailing address, phone number and date of birth. You’ll also need your phone’s IMEI and WiFi Mac address, along with a copy of your pre-order and trade-in receipts. After receiving your information, Samsung will send you a check equal to the difference between $200 and the trade-in amount (minimum of $10) provided by the retailer.

If you plan on purchasing the Galaxy Note 4 and have an old device collecting dust, this is a solid option, however if you’re moving from something with a value higher than $200, you’ll probably just want to make a deal directly with the retailer that you’re buying your new phone from, or try your luck sell your used handset at a place like eBay.

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