You read that right. You can now get up to $175 from Apple for your old Apple Watch when recycling or trading-in.

The new Apple Renew program allows owners of Apple products (and PCs) to trade their old kit in when buying something new, so if you’re sat on an old iPhone right now and debating whether to buy a new one, you can get some money off that new purchase in the form of a gift card. Here’s how much you can expect to get from Apple for recycling your old used iPhone.