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What is Jio Buyback Offer? iPhone 8 & 8 Plus at 70% + Rs 8000 Cashback

Jio is adapting the concept of buyback offer with iPhone 8, 8 Plus and X to greet their customers with up to 70% cashback on their purchase. Moreover Citibank card holders can get additional Rs. 8000 instant cash back to their bank account. So main question arises is, what is Jio Buyback Offer?

Buyback offer is a concept from outside and is now being adapted in India by Jio Buyback offer on iPhone X, 8 & 8 Plus. You can buy iPhone 8 with Jio offer to get up to 70% buyback offer plus additional discount of Rs. 8000 if you make your purchase via Citibank card. But many of you might be confused with buyback meaning, right? So here we will explain in detail about how these buyback offer works and when you will be able to avail this in future.

Buyback Meaning by Google: ‘Buyback is a form of borrowing in which products are sold with an agreement to repurchase them at a later date’.

Although the above definition is exactly correct but it is slightly different in case of Jio buyback offer. I hope by reading above definition of buyback, you must be aware how it works but if you didn’t get that then don’t worry! We are going to cover the meaning of buyback in detail with an example.

Important Update: Rs. 10000 Cashback is no longer valid and instead of that you can now avail instant Rs. 8000 cashback with Citibank card.

Reliance Jio has brought the best offer for iPhone lovers. Soon the market will go down as Reliance Jio and iPhone has got a new offer for all of us. As we all know iPhone has launched it’s new device iPhone 8, iPhone  8 Plus and iPhone X.

The pre-booking of iPhone 8 and 8 Plus have started and the phone will go on sale on 29th September. As the pre-booking of iPhone 8 and 8 plus have started in India, Reliance Jio has brought an amazing offer on pre-booking the iPhone devices. Jio has offered a cashback offers on the latest iPhone 8 and 8 plus, via Reliance Digital stores and Reliance Jio website.

As per the latest reports, Jio and Reliance Digital is offering a cash back of Rs. 8,000 on buying the iPhone 8 and 8 plus. The cash back offer is valid for 1 year and the good thing is if you will return the iPhones after a year you will get the money back. The offer is on the original price of the smartphones.

The pre-bookings of the iPhone 8 and 8 Plus will be done until 29th September. Reliance Jio will also take the pre-orders via its Jio.com website, Jio stores. The deals which are done from Jio channels has an interesting offer like Cashback, buyback guarantee and even the Internet plan with 90GB of 4G data per month.

Jio iPhone 8, 8 Plus pre-booking offers

The customers who will pre-book iPhone 8 and iPhone plus between 29th September and 31st December will get cashback of Rs. 8,000 on the purchase. To get the offer, the customer needs to buy the iPhone via Citibank credit card. Whoever will get this offer will get the iPhone 8 of 64GB at an effective price of Rs. 54,000.

Other iPhone with 256GB will be at  Rs. 67,000 and the prices of the 64GB and 256GB iPhone 8 Plus will become Rs. 63,000 and Rs. 76,000, respectively.

Apart from cashback offers, the consumers who buy the iPhone 8, 8 Plus from Jio Store, Jio.com, Reliance Digital and MyJio app will get 70% of cashback.

This offer will be given when they return the handset after a year. To get the offer, you need to install MyJio app on your phone. And you must use Jio SIM card for a year before you return the device at a Reliance Digital store.

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So, if someone bought the iPhone 8 Plus of 256GB at the price of Rs. 86,000, then the buyback will be calculated at Rs. 75,680 – Rs. 10,320 will not be considered for the cashback because of 12 percent GST. So you will get back Rs. 52,976 in the form of vouchers. This vouchers can be used to upgrade to the next iPhone or can buy goods at Reliance Digital. You must use the voucher in 6 months if not it will expire.

ALSO READ: Sony Launched Xperia XA1 Plus In India At Rs. 24,990! Here Are All The Features, Specifications

Soon, Reliance Jio will launch an exclusive tariff plan for the two Apple devices. The upcoming plan of Rs. 799 which gives 90GB of data and free SMS, unlimited calls. This offer can be avail by iPhone 8 and iPhone 8 Plus buyers. The offer will be valid till 28 days for prepaid users.

iPhone 8, iPhone 8 Plus features and specifications

iPhone 8 and iPhone 8 plus has much improved from last years iPhone 7 and iPhone 7 plus. There are few noticeable changes in iPhone 8, 8 plus. The device is available in colors Silver, Space Gray, and Gold Finish. The display is also improved and 25 percent louder speakers, the front, and back glass.

iPhone 8, 8 Plus also supports Qi wireless charging which allows people charge iPhone without plug in a cable. iPhone 8 has 4.7-inch screen display and the 8 plus has a 5.5-inch screen. Both have a dual camera lens on the back. The price of iPhone 8 is  £699 for the 64GB version, while the iPhone 8 Plus will start from £799 (64GB). 256GB versions will also be available.

The Apple devices are powered by A11 Bionic SoC six-core processors and improved GPU, which is 30 percent more efficient than the GPUs in last year’s models. The new SoC and GPU are able to perform complex tasks such as video encoding at much faster rate.

ALSO READ: Here Is Everything About iPhone 8, iPhone 8 Plus And iPhone X Launch! Specification, Features And Much More

Apple has also launched iPhone X and it will cost more than £999. The two versions will be released by Apple, a 64GB version will start at £999 in Indian currency it is around 85,000. The most expensive is 256 GB version which is for £1,149 around Rs. 97,800. You can pre-order iPhone X on 27th October and will be released on 3rd November.

So guys hurry up and pre-book your iPhone 8, 8 Plus via Jio.com, Jio Store.

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