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Quote from TrentSteel :Probably not. Doing this negated my rebate last year. I'm pretty sure the IMEI on your account has to match the IMEI of your original phone for the duration of the rebate period. See my response below.
I took the XM SIM out of my LG X Charge and put it in an unlocked Verizon phone just to see if it would work. It did, but it permanently changed the IMEI in my XM account. I spent a long time working with customer service to get it fixed, but it still showed the wrong IMEI in my account, even after I put the SIM back in the original phone. In fact, one year later it still incorrectly shows the IMEI of the phone that I literally used for two minutes one year ago.
Because the IMEI of my original phone did not match the IMEI on my account, I did not get the rebate.
Also, because the account IMEI did not match my phone, they were unable to unlock my phone. I had to purchase a code on eBay. This would be an even bigger problem for an iPhone, since they are significantly more difficult to unlock. In that case you may be completely unable to unlock it even if you're technically eligible.
I believe they set it up this way on purpose to force you to stay on their network. But they should do a better job of warning you rather than just inserting a little blurb into the promo language.
Because of the risks involved I would recommend waiting until after you unlock your phone and get your rebate before swapping SIMs.
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