Microsoft Offers $100 Credit For People Who Trade In PS3 For Xbox One

You can trade in your PS3 for $100 off an Xbox One, or you can just buy a PS4 that is already $100 less expensive (photo: jpghouse)

You can trade in your PS3 for $100 off an Xbox One, or you can just buy a PS4 that is already $100 less expensive (photo: jpghouse)

Want an Xbox One but you’re put off by the $499 sticker price? If you’re willing to part with your PS3 or certain newer models of the Xbox 360, and you live near a Microsoft store, there’s a deal you might be interested in.

Microsoft is currently offering a $100 trade-in credit for customers who bring in their old PS3, Xbox 360 E or Xbox 360 S (the two models still currently in production) to Microsoft stores and buy a new Xbox One.

That brings the Xbox One price down to $399, which matches the cost of Sony’s new PS4 console.

As The Verge points out, a new PS3 still goes for about $200 so trading in an old one for $100 in credit against a new console might be a better deal than you’re likely to get trying to sell the used console.

The Xbox 360 trade-in is trickier, as this offer is only limited to relatively newer models of the console, meaning those of us with 360s older than many elementary school kids are out of luck.

Of course, regardless of which console you trade in, you’re giving up access to all the games you purchased over the years, as the Xbox One is not backwards compatible, nor has Microsoft revealed specifics on a plan that would give Xbox One owners online or cloud-based access to all those games.

So PS3 owners with a decent library of games may just want to hold onto their consoles and spend $399 on a PS4 (when it has more than a handful of titles available to play).