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Pick the device you want to upgrade to, click next, and follow the onscreen prompts to complete the remaining steps. (Just remember, when you transfer eligibility from one line to another, the original line is no longer eligible for the upgrade.) Verizon’s Device Trade-In Program is a great way to give your old phone a new lease on life while getting some money back in the form of a Verizon Wireless gift card. Once you know how much your device is worth, follow the instructions.