Want a Verizon iPhone, but stuck with something else? Here's $200.

Verizon is offering a $200 gift card to consumers that want to trade up from their recently purchased smartphone to a new Verizon iPhone. But there is a catch.

Verizon iPhone envy? Well, if you're a Verizon customer who just signed up for a different handset, you can still get your hands on a Verizon iPhone – for a price.

So here's a scenario for you: Late last month, you purchased a brand new Verizon smartphone – perhaps the nifty Droid X – along with a 2-year service contract. So far, so good. But a couple of weeks later, the news of the Verizon iPhone broke, and now you're stuck with a Droid X, when what you really want is a Verizon iPhone 4.

Well, hold your horses. You can still have a Verizon iPhone. And it might not cost you quite as much as you thought it would. According to a FAQ posted to the Verizon site, any customer that activated a new Verizon phone between Nov. 26 and Jan. 10 is eligible for a $200 Visa gift card if he or she purchases a full-price Verizon iPhone by Feb. 28.

In other words, if you recently purchased a Droid X for the subsidized price of $200, you can head to your local Verizon outlet, hand off the Droid X, and receive $200. There is a caveat, of course: The Verizon iPhone will not be available to you at the subsidized price. That's right – you'll have to pay either $650 or $750 for the honor of tapping the iPhone touchscreen.

It's hard to see a lot of Verizon consumers really embracing this option. You'd have to be really rich, really in love with Apple, or really concerned about keeping abreast of the zeitgeist. Then again, when the iPhone first came out on AT&T, we knew plenty of people who forked over full price for the handset. So.... who knows.

Would you pay $650 for a Verizon iPhone? Talk to us in the comments section below.

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