Microsoft pays $250 when you trade-in Apple Watch for Band 2

Microsoft has just launched a new Apple Watch trade-in programme to encourage users to buy its new second-generation Band. The company is offering up to £175 ($250) in exchange for the Apple Watch, depending upon the model.

The Apple Watch 38mm stainless steel with Milanese Loop will fetch a trade-in discount of $250 for purchasing a Microsoft Band 2. The 42mm stainless steel case (white) will get you as much as £140 ($200), while the 38mm Sports variant with silver aluminium case (Blue) will fetch a discount of £105 ($150) on Band 2's selling price.

The Fitbit Charge HR will get you a decent £53 ($75) cut on the Band 2 price, but the Microsoft Band will offer you just £7 ($10) discount on the second-generation upgrade.

Microsoft has a few pre-requisites to qualify for the trade-in programme:

• All trade-in wearables must include a working battery
• The devices must not be password protected
• They must not feature any broken or missing components
• All trade-in devices should carry original charger and accessories with them
• The offer is valid until 7 February only in the US and Canada and limited to one trade-in per customer
• The offer code must be used before 15 March and late entries will not be entertained

"To receive full store credit towards the purchase of a new Microsoft Band 2, customer must trade-in qualifying device subject to these terms. To be eligible for trade-in, you must own the qualifying device, device must power on battery must hold charge and not be required to be plugged in to operate, and be in fully functional, working condition without broken/missing components, cracked display/housing, liquid damage, modification(s) or have device warranty seal broken to be considered working. Cannot be password protected, and include original chargers/accessories," said Microsoft in its announcement.