Best Buy launches a new two-day promotion for customers with a chance to trade-in their old working iPads for a $200 worth gift card, which can also be used to upgrade for a higher iPad model.

For those who have been planning to upgrade their old iPads, Best Buy has come up with an offer, which gives customers a chance to trade-in their used iPad 2 and third-generation iPad models for gift cards worth at least $200. But the offer is only valid for two days starting Friday, July 12 and 13. The value of the older iPads will be based on the condition and the model of the tablets, but will fetch a minimum $200 if it is in a working condition, according to CNET News.

The gift cards can be either used in any Best Buy store or online but to trade-in any older iPad, customers must walk-in to any brick-and-mortar Best Buy location. Customers can use their gift card to purchase a higher model of a new iPad. Best Buy currently sells a 16GB iPad with Retina display and Wi-Fi for $499.99 but customers will only have to pay $299.99 after using the gift card.

The latest offer comes in the wake of the huge success of a similar promotion in June where Best Buy offered free iPhone 5 for customers who agreed to trade-in their older iPhone 4 or 4S models. The one-day promotion recorded the biggest trade-in business, according to the retailers.

Best Buy said that it plans to recycle the older iPads that it will receive during the two-day trade in promotion.