The Newegg Trade-In Program offers cash for older GPUs

Newegg will now take your old GPU off your hands in exchange for a trade-in credit for a new one. the Newegg Trade Programwhich launched in beta earlier this month but was officially announced today, gives you a modest amount of cash on your new GPU and Newegg a steady stream of cards to refurbish and resell.

Estimated trade-in values ​​range from $30 for the 4GB AMD Radeon RX 5500 XT all the way up to $561 for the 24GB Nvidia RTX 3090 Ti. You can check your trade-in value by clicking the large “Check your trade-in value” button on the product page for the GPU and selecting your card from the drop-down menu. Despite the “GeForce GTX” card in the photo above, Newegg will no longer accept cards older than the AMD RX 5000 series (launched in July 2019) or the Nvidia RTX 20 series, as of fall 2018. Bad news for me and my worthless family Its apparently a GTX 1070!

You do not receive trading credit immediately. Instead, after you purchase your new GPU, Newegg sends you a prepaid label, and you then have 14 days to return the old label for the quoted value. Once the card is scanned, they will apply the credit as a refund to the original payment method, though Terms and Conditions page It says the company reserves the right to pay via a Newegg gift card instead.

When reached for clarification, Eric Winn, Newegg’s global head of public relations, said the edge The original payment method will be credited for the “majority of transactions” but gift cards will be issued in some circumstances.

For example, if a new GPU order is canceled or voided and they have already sent in their used GPU, Newegg will need to send you a gift card in the amount of the trade-in GPU. This is not the expected process for this program, but this is the solution in this case.

Newegg’s press release touts the program as a way to reduce electronic waste and avoid the hassle of selling your old GPU. As with all trading software, you can… could Make more money elsewhere but at the expense of convenience. Wayne said the edge Via Email Newegg refurbishes the GPUs it receives and resells them with a 30-day warranty. You can See Newegg’s refurbished first-party cards here.

Updated September 26, 2023 at 4:40 PM ET: Additional statement from Newegg explaining the circumstances under which trade-in credits will be issued as gift cards in lieu of refunds to the original payment method.