Cricket now offering three payment plans for new phone buyers

Cricket now offering three payment plans for new phone buyers
Usually when you buy your handset from a pre-paid carrier, you pay full price for it. Why? Well, without a contract binding you to the pre-paid carrier, you won't be offered a subsidized handset. The risk for the pre-paid carrier is too great because you could walk away from them at any time. But Cricket has come up with a trio of payment plans that allow their customers to buy phones like the Samsung Galaxy S6 without having to lay out the whole cost at once. Any phone offered by Cricket for more than $199.99 is eligible to be purchased using one of the following three plans.

Tier one allows you to put down $19.99 and pay the remainder over 24 months with no interest. This plan requires a credit check and accessories and tax can be folded into the loan. Tier two also requires a down payment of $19.99. If the balance of the phone's cost is paid off within 6 months, there is no interest charged. If you take more than 6 months, you have to pay off the rest of the phone's cost in 18 months with a 29.99% APR. Monthly payments are determined by the amount of the loan and a credit check is required.

Tier three is similar to "rent-to-own" with a $49.99 payment allowing the customer to rent a phone for 90 days. The balance is paid in installments over a 90-day period. If the balance is all paid off in that period, no interest is charged. There is no credit check with this plan, although a third period could be used to verify financial information.


Cricket is also giving a free month to those who jump to the carrier from T-Mobile, MetroPCS, Sprint, Boost, and others. The free month comes after two months are paid for. To qualify, you need to sign up for either the $50 or $60 a month plan.

via: AndroidAuthority

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8 Comments

1. joey18

Posts: 668; Member since: Jul 20, 2010

no. way jose

4. Kaiser2007

Posts: 173; Member since: Nov 16, 2013

Liverpool fan? They won FA Cup QF today (Wed).

2. cripton805

Posts: 1485; Member since: Mar 18, 2012

I dont get why people finance phones like this. Might as well get a Zero APR credit card for a year and pay off the balance before you get interest.

5. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

If you need to finance, or placed a "phone" in layaway, is not for you. Try buying something more affordable.

6. sprockkets

Posts: 1612; Member since: Jan 16, 2012

Kinda weird cause most of their phones are below $100 anyhow.

8. downphoenix

Posts: 3165; Member since: Jun 19, 2010

This is so they can attract people that want phones like an iphone or galaxy.

9. jroc74

Posts: 6023; Member since: Dec 30, 2010

edit..

7. downphoenix

Posts: 3165; Member since: Jun 19, 2010

Cricket is innovating yet again. And dunno why people complain about this, most prepaid carriers offer no such option, just another reason why they rock: they give options.

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