T-Mobile will now carry you along on an updated equality plan
T-Mobile has finally realized that a good payment record is just as good as high credit scores. It’s about time, considering that paying your bills consistently is what actually contributes to getting a high credit score.
The carrier’s Smartphone Equality program is now expanding. Moving forward, it’ll help new and existing Metro or Prepaid subscribers afford the iPhone 15 and other top phones through the “On Us” offer.
When you make 12 on-time monthly payments, you can access the Un-carrier’s top deals on the latest devices. They’ll be available at $0 down, so you don’t have to pay any upfront costs. The total phone cost will be spread out over 24 months and applied as a credit towards your monthly phone bill.
Eligibility requirements tie into T-Mobile Go5G
T-Mobile’s latest offer applies when switching your number with an eligible trade-in on any Go5G plan, without needing a credit check. The plan includes the basic Go5G version and Go5G Plus. Both variants are like the costly version of the Magenta plan and bring higher speed connections.
If you cancel your subscription before the 24-month term is over, you’re responsible for paying any remaining charges related to your phone. The terms are fair, considering that the carrier is taking a huge financial risk. If you were to cancel early on a phone you made no down payments for, they might not recoup the full cost of the phone.
That said, two years is a long time and circumstances can change. You might need to switch providers before your term is up or run into financial roadblocks. You’ll want to consider this offer carefully before diving headfirst.
Buying a new phone should be a debt-free process
If you have doubts about your ability to sustain T-Mobile’s plan, it may not be for you. That said, outrightly buying a new phone is the best way to go. This way, there’s no worry that there are no installments left for you to pay. You can buy a budget phone for the meantime, and then save up for the best models until you’re ready. The carrier’s Revvl V+ 5G is going for just $106 on Amazon.
You should also compare T-Mobile’s service with other carriers. Many manufacturers even offer similar Buy Now, Pay Later services. Opt for the ones with shorter and more flexible repayment terms when possible.
