Let’s take a look at how the costs of T-Mobile’s JUMP! upgrade program add up
0. phoneArena 11 Jul 2013, 20:59 posted on
One of T-Mobile’s announcements that made waves from yesterday’s press event was JUMP!...
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1. Shatter (Posts: 2036; Member since: 29 May 2013)
Hopefully after their merge with metro PC is finished they will have good enough coverage to be a threat to att/verizon.
4. Zero0 (Posts: 592; Member since: 05 Jul 2012)
MetroPCS shouldn't help coverage by much, as it's an even smaller network than T-Mobile. The good news is that their spectrum is great (PCS, as the name suggests, and AWS). T-Mobile should be able to add HSPA+ capacity and is in position to deploy 20x20MHz LTE eventually.
2. HASHTAG (unregistered)
Maxwell, you did a really good job with this article! Very well explained! Though, this article has no effect towards me since T-Mobile doesn't cover my area. Lol.
3. g2a5b0e (Posts: 3577; Member since: 08 Jun 2012)
This article fails to take a major factor into account. The $10 fee for JUMP includes PHP. If you already have insurance (most people seem to), you're only paying $2 more a month not $10. Also, if you have a Note 2 or an iPhone 5, you're actually saving $2 a month because the PHP on those devices is $12. It's essentially a no-brainer for folks with those 2 devices because it saves you money. Also, if you never choose to jump, you can still pay off your phone to own it like you normally would.
5. Maxwell.R (Posts: 205; Member since: 20 Sep 2012)
"...which also includes total equipment coverage against damage to the device, malfunctions, loss or theft." - Second paragraph. T-Mobile is protecting "leased" equipment basically. Since insurance/coverage is otherwise optional, it is a legitimate out-of-pocket expense for the customer.
It is definitely a good deal if you get the preferred deposits/payments, but the math clearly shows that in as little as a year, an uneducated consumer will pay nearly twice as much in some cases.
6. g2a5b0e (Posts: 3577; Member since: 08 Jun 2012)
I apologize for missing that, but T-Mobile's credit checks aren't exactly tough. I have no credit & I pay the so-called "stellar credit" price. My simple point was that if you already have insurance, which most people do & you're paying the "stellar credit" price, which most people are, this is a bargain. You're paying $2 more a month or $2 less a month to upgrade twice a year without paying off the rest of your phone. The only boon would be to those that prefer to keep their devices after they upgrade.
10. Gawain (Posts: 406; Member since: 15 Apr 2010)
Most people have insurance? Really? I don't know if I buy that...
12. g2a5b0e (Posts: 3577; Member since: 08 Jun 2012)
I read that T-Mobile reps say that an average of 60-70% of people walk out of a T-Mobile store with insurance on a new phone. Whether or not they actually keep it is another story. In any event, if you've never had insurance on your phones & you like to switch devices often, this may be the thing to JUMP on.
14. HRothGar (Posts: 1; Member since: 12 Jul 2013)
Not to mention that after an account has 2 years of service everyone on the account is automatically eligible for well qualified pricing,
7. chazking99 (Posts: 12; Member since: 09 Feb 2012)
Just to let you know MAXWELL, T-Mobile does not run your credit every time you do eip, it runs credit when you first set up and that credit rating stays with you, the rest of your time at T-Mobile. People that have good credit will definitely benefit from this. The $10 dollar payment also includes mobile lookout with the insurance, which the regular insurance does not cover. Please do some research before you decide to half ass slam somebody or a company.
9. Gawain (Posts: 406; Member since: 15 Apr 2010)
He didn't slam anybody. Check out this blog about hidden costs and what a customer with a credit score of 650 would be paying. Looks like MAXWELL was on the money. I bet if a payment is late on a bill or something T-Mo will recheck credit. No way they're renew "lease" type agreements without measuring credit risk. He also wrote about the insurance in second paragraph...http://asuperhumanlife.com/t-mobiles-jump-plan-hidden-costs-and-why-you-should-run-instead/
8. Topcat488 (Posts: 1345; Member since: 29 Sep 2012)
The uneducated, will always be the one's who pay, universally.
11. Captain_Doug (Posts: 966; Member since: 10 Feb 2012)
Great write up. Exactly what I've been meaning to get too.
13. joey18 (Posts: 587; Member since: 20 Jul 2010)
good deal if 10 extra cover insurance iphone insurance 11 b
15. dcgore (Posts: 212; Member since: 24 Feb 2012)
I have ok credit but if T-mobile is going to run a check every time i upgrade (6 months) as the article says, then i am going to definitely slip to the bad credit category.
16. munkyBeatz (Posts: 4; Member since: 18 Aug 2013)
No, great thing about the phone carriers, is that once you've established yourself as a customer in good standing then this isn't necessary. Don't miss payments, and you don't have to worry about any hard inquiries showing up on your credit report when you go to renew your contract and/or upgrade your phone. As for your "credit worthiness" category, even if your actual credit score stays the same, as long as you continue to remain an customer in good standing with the carrier your standing with T-Mobile will improve.