Get a new phone whenever you want with O2 Refresh

One of the biggest fears that smartphone buyers have is that their handset will become obsolete as soon as they buy it. That nearly happened with those who bought the Motorola DROID BIONIC. That phone launched on September 8th, 2011. Only 3 months later, the Motorola DROID RAZR replaced the DROID BIONIC as Motorola's new flagship model, an unusually quick changing of the guard. To top it off, just another two and a half months later, the Motorola DROID RAZR MAXX was rolled out with the massive 3300mAh battery that keeps the phone on all day. So in the course of 4 months, 5 at the most, Motorola went from the DROID BIONIC to the Motorola DROID RAZR MAXX leaving those who bought the first two models quickly behind the 8 ball. 

But U.K. carrier O2 has a solution to protect their customers from something like this happening. O2 Refresh is a 24 month contract that removes the cost of the phone from the contract for voice, text and data. Therefore, whenever a new phone comes out that you must have, all you have to do is pay off the balance of what you owe on your current phone and you're free to buy the new phone and begin all over again. And O2 will even pay you as much as £260 ($400 USD) for your old handset to use towards another phone. If you aren't constantly buying a new phone, once your current phone plan is paid off, your monthly plan will consist of only air time which will result in a smaller monthly payout.

The O2 Refresh plans range from a £12 ($18.45 USD) monthly plan for 600 minutes of talk, unlimited text, and 750 MB of data, to a £22 ($34 USD) monthly plan that offers unlimited talk, unlimited text, and 2 GB of Data.That doesn't include the cost of your handset, of course.

source: O2 via Slashgear