--- title: Samsung is Giving Note 7 Owners $100 for Turning in Their Phone description: Samsung has officially scrapped its Galaxy Note 7 smartphone, and is offering a financial incentive to get consumers to return it. authors: - name: Kristen Bahler role: Managing Editor url: https://money.com/author/kristen-bahler/ bio: Kristen Bahler has spent more than a decade turning culture, work and consumer spending trends into conversation-driving stories. Today, she leads Money's sponsored content channel and reader-favorite franchises like Best Places to Live and Best Places to Travel. education: Northeastern University, MA Journalism at_money_since: 2016 articles: 52 covers: - Credit Cards - Banking - Business - Career Advice - Credit - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Pets - Professional Services - Retirement - Shopping - Taxes - Technology social: - https://www.linkedin.com/in/kristen-bahler/ published: '2016-10-13T14:30:44.000Z' modified: '2024-05-08T04:10:45.000Z' section: Credit Cards tags: - cellphones - consumer - exchange - galaxy - rebate - Samsung - Tech word_count: 177 canonical: https://money.com/samsung-galaxy-note-7-credit/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Consumer Product Safety Commission Announces Recall Of Samsung's New Galaxy Note 7](https://img.money.com/2016/10/gettyimages-605913484.jpg) *A Samsung Galaxy Note 7 lays on a counter in plastic bags after it was returned to a Best Buy on September 15, 2016 in Orem, Utah. The Consumer Safety Commission placed a safety recall on the Note 7 after users reported that some of the devices caught fire when charging.* In case you were thinking of holding onto your Samsung Galaxy Note 7 as a souvenir, the company is offering a cash incentive to get you to reconsider. Starting today Samsung's new Note 7 Refund & Exchange program will give customers who bring in their Note 7 a [$100 credit](https://news.samsung.com/us/2016/10/13/samsung-expands-recall-of-galaxy-note7-devices-to-include-original-and-replacement-devices-company-offers-refund-and-exchange-program/) in addition to a free replacement phone or a $25 credit if they opt instead for a full refund or a smartphone made by a different brand. The rebates can be used for all "original and replacement Galaxy Note 7 devices sold or exchanged in the United States," according to the company. > “We appreciate the patience of our consumers, carrier and retail partners for carrying the burden during these challenging times,” Samsung's president and CEO Tim Baxter says in the statement. “We are committed to doing everything we can to make this right.” The Galaxy Note 7 was originally recalled in September due to fires and overheating problems stemming from their lithium-ion batteries. On Tuesday, the company announced that it had officially halted production of the phones. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/samsung-galaxy-note-7-credit/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Credit Cards", "item": "https://money.com/credit-cards/" }, { "@type": "ListItem", "position": 3, "name": "Credit Card", "item": "https://money.com/credit-card/" }, { "@type": "ListItem", "position": 4, "name": "Samsung is Giving Note 7 Owners $100 for Turning in Their Phone" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/samsung-galaxy-note-7-credit/#webpage", "url": "https://money.com/samsung-galaxy-note-7-credit/", "name": "Samsung is Giving Note 7 Owners $100 for Turning in Their Phone", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2016-10-13T14:30:44.000Z", "mainEntity": { "@id": "https://money.com/samsung-galaxy-note-7-credit/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/samsung-galaxy-note-7-credit/#breadcrumb" }, "dateModified": "2024-05-08T04:10:45.000Z" }, { "@type": "Article", "headline": "Samsung is Giving Note 7 Owners $100 for Turning in Their Phone", "articleSection": "Credit Cards", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2016/10/gettyimages-605913484.jpg", "width": 3245, "height": 2526, "caption": "Consumer Product Safety Commission Announces Recall Of Samsung's New Galaxy Note 7" } ], "author": [ { "@type": "Person", "name": "Kristen Bahler", "url": "https://money.com/author/kristen-bahler/", "@id": "https://money.com/author/kristen-bahler/#author", "description": "Kristen Bahler has spent more than a decade turning culture, work and consumer spending trends into conversation-driving stories. 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