Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

By Kristen Bahler
October 13, 2016
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.
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.
George Frey—Getty Images

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 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.

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.

Advertiser Disclosure

The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST