Leaked memo: Starting July 20th, T-Mobile will offer EIP for accessory purchases
Let's say that you want a Gear Fit to go along with your Samsung Galaxy S5. Starting on July 20th, you can pay off the cost of the accessory over two years. Instead of having to immediately pony up $199.99 for the fitness band, you can pay approximately $8.30 per month for 24 months. With the EIP in place for both your new phone and your accessory, you can walk away from the store, paying nothing down for a new phone and an accessory for it.
Since T-Mobile has not introduced this yet, we are obviously basing this on a lot of assumptions. There could be conditions and requirements that we are not aware of yet. For example, a minimum price would probably make a lot of sense here. You are not going to be able to pay for a $20 case over 24 months. And there is the possibility that T-Mobile might require you to purchase a device at the same time that you decide to use the EIP to pay for an accessory.
T-Mobile could use some more consumer friendly announcements in the next few days to draw attention away from the FTC's accusations that the carrier allowed third party merchants to charge customers for unauthorized service, an allegation that the company denies.
11. bigdawg23 (Posts: 421; Member since: 25 May 2011)
So people that don't like TMo because of limited coverage to areas they go are idiots??
2. RoundhouseMcGee (Posts: 188; Member since: 25 May 2014)
LMAO, literally financing a case. Keep on selling to the cheapskates and the poor, John, let's see if you can lose another $151m this quarter too!
4. SellPhones82 (Posts: 569; Member since: 11 Dec 2008)
Couldn't agree more. They better be careful or they will end up like Fannie Mae and Freddie Mac needing a bailout because they overexposed themselves by letting people walk out the door with $1000 in consumer electronics without giving you a dime upfront! If you need to break up a $199 smart watch over 24 months I'd be a little worried about them paying their $75 to $100 bill every month for those 24 months. But hey, the customer are happy, so who cares, right? Watch the increase of Note 3's and S5's being sold on craigslist along side a Gear 2 or Neo. I wonder if they have a way to blacklist the smart watches like they do the phones with unpaid EIP balances?
3. tyger11 (Posts: 103; Member since: 29 Oct 2012)
Defining terms like 'EIP' would be really handy, yo.
9. tyger11 (Posts: 103; Member since: 29 Oct 2012)
Ah, doesn't apply to me; I'm on the $30/mo 5GB pre-paid plan. :)
6. blackberry_Boy (Posts: 203; Member since: 27 May 2014)
But if they don't pay for there phone t mobile will put it on the black list blocked IMEI so then the dummy who thought they got a free phone the phone will be a free brick
7. RoundhouseMcGee (Posts: 188; Member since: 25 May 2014)
That's great. The fraudsters who SELL the phones to an even bigger idiot on Craig's list couldn't care less about that.
10. enalo (Posts: 1; Member since: 02 Jul 2014)
yeah about that....even if the device is paid off it's registered under the first purchasers name, giving them full authority to issue a claim for it without having possession of the deivce. In order to void from getting it blocked you have to transfer the line over that the device is linked ad even then it is not for sure. thanks t-mobile for sticking it to the consumer.....