Reliance Jio offers you 70% buyback on iPhone 8, 8 Plus; here’s the fine print

Key Highlights

• Customers have to pre-book iPhone 8 and 8 Plus on or before September 29, 6 pm.
• Jio will buyback the iPhone 8 and 8 Plus offering 70% of its value back.
• To avail the buyback offer customers need to wait 12 months.

Reliance Jio will be offering deals on purchase of the iPhone 8 and 8 Plus from its Jio stores and website. Deals on the phone include a 70% buyback offer and an additional Rs 10,000 cashback.

However, reading the fine print on the deal might make you spend more than expected.

The iPhone 8 and 8 Plus will be made available in Indian markets from today. The base model of the iPhone 8 64GB variant is priced at Rs 64,000 and the base model of iPhone 8 Plus is priced at Rs 73,000.

Jio is offering customers to pre-book the phone first on its website Jio.com or like the Jio store or Reliance Digital. Customers can also buy the phone on Amazon.in and avail of the buyback.

Flipkart is also having a sale of the new iPhones however it’s not inclusive of the Jio buyback deal.

Getting to the deal, Jio promises 70% buyback on the new iPhones which will get customers at least Rs 44,800 cashback. However customers will have to wait at least a year before they can receive this money.

The operator has not specified how the buyback scheme will work. It however is expected to be applicable on the invoice value of the phone without taxes.

Buyback period of the iPhone 8 and 8 Plus is between September 1, 2018 and December 31, 2018, forcing customers to use the phone till then.

Further Jio has added another clause to the buyback scheme.

To buy the new iPhones a data plan is required, Jio's website said. "4G LTE Advanced and 4G LTE are available in selected markets and through selected carriers; please check with your carrier to see if these are available where you live. Speeds are based on theoretical throughput and vary based on site conditions," Jio said.

Those who want to avail the buyback offer will also have to become Jio customers.

Customers will have to recharge with a minimum of Rs 799 per month as monthly recharge on Jio’s network to avail the scheme. That works out to around Rs 9,588 in the year.

Lastly in partnership with Citibank, Reliance Jio is offering Rs 10,000 cashback on purchase of the phone.

Customers will have to use their Citibank debit or credit cards on or before September 29 6pm to avail of the offer.

Sources said the money will be given to the customers on September 29 on buying the phone with a Citibank credit card.