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Apple Now Accepting Your Banged-Up iPhone For Trade-Ins

CUPERTINO (CBS / AP) -- Apple for the first time is accepting banged up iPhones as a trade-in from people wanting to upgrade.

Until now, Apple offered credit to iPhone owners only if the device had an intact screen and working buttons. It's hoped that with more leeway, applicable only to iPhone 5 and later models, more people will be encouraged to upgrade to new iPhones.

The changes, first reported on the tech blog 9to5Mac, were confirmed Friday by Apple spokesman Nick Leahy.

You will also now be able to get screen protectors installed in an Apple store.

Apple pays up to $350 for phones without cracked screens or broken buttons. For damaged phones, it will pay $50 for a 5s, $200 for a 6 and $250 for a 6 Plus.

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