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Samsung is Giving Note 7 Owners $100 for Turning in Their Phone

By:
Kristen Bahler
2 min read
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
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.

“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.

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