The promotion will basically allow gamers to trade-in their old console and receive up to $100 credit towards their Xbox One purchase. According to the terms and conditions of the deal, “To receive maximum trade-in value, you must trade-in a PlayStation 3, Xbox 360 E, Xbox 360 S console and purchase an Xbox One at the same time.”
This is actually the second time that Microsoft has launched such a promotion, with the first one taking place earlier this year where gamers could trade in their older PlayStation 3 or Xbox 360 console and get $100 credit towards a new Xbox One. However with the Xbox One now priced at $399, this essentially makes the console $299 which we have to say is a pretty damn good deal!
The offer has kicked off on the 14th of July and will run until the 31st of August, so you’ve still got a little over a month to take advantage of the deal. Will this deal help Microsoft sell more Xbox One consoles? Well considering that they saw sales double with the price cut to $399, a price tag of $299 certainly makes it a very compelling purchase.