Will upgrading my device make it so I don’t get my switcher payoff card?

I recently switched to AT&T and was offered the promo to have my old device paid off with the Visa card. It’s pending approval so I haven’t received it yet as I upgraded 2 weeks ago. I want to get the S25 Ultra, but I don’t know if that will make it so I don’t get the card to pay off my old phone with Verizon. Does anyone know if there’s a policy about this and where I could find it or know anything about it?