Samsung's Galaxy S7 and S7 edge upgrade plan goes live in the UK, and it's a bit of a catch


It's happening, folks! A week before the Samsung Galaxy S7 and S7 edge officially start shipping, the Samsung Upgrade Program is live in the United Kingdom. Just like Apple's annual upgrade plan, the program lets Samsung fans get the latest Galaxy S models on a 24-month repayment scheme. Although the plan works like a standard carrier contract, it is a device-only affair, so subscribers still have to supply a SIM contract or a pay-as-you-go SIM card.

Mind you, though – as with most good things in life, there's a catch. Should you subscribe, you’ll be paying 14.9% annual interest on your loan. Not only you’ll be paying an additional interest, but you’ll need to finance a separate SIM contract or a pay-as-you-go SIM card. Ehh...

Of course, you can always pick up a Galaxy S7 or S7 edge on a carrier contract with no interest and other small print to be mindful of, but then you won’t have the option to simply swap your year-old device for the latest and greatest one. However, you don’t have to pay interest on a carrier contract. It all boils down to deciding whether paying extra for the option to upgrade your Galaxy next year is worth it to you, or not. Of course, you are not obliged to upgrade if you don’t really want to, but the upgrade plan's point is to upgrade every 12 months, after all.

On the upside, if you choose to upgrade after a year, Samsung will “pay” the other half of the loan itself if you return your smartphone in “good working condition” and upgrade to the next Galaxy. Thus, upon receiving the Galaxy S8 (or whatever it ends up being called), your 24-month repayment plan starts from scratch. You can do this for the rest of your life on Earth if you want to, just paying off half the loan and upgrading to the newest Galaxy each year. However, you can only exit the program once you’ve paid for your device in full.

The complete terms and conditions of Samsung's upgrade plan are available on this page. At present, it's not known when Samsung will bring the offer to the United States.

source: Samsung UK via Android Authority

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Galaxy S7 edge
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8 Comments

1. AmashAziz

Posts: 2930; Member since: Jun 30, 2014

Well...better than no such program. Atleast people can get half of their loan back by returning an older Galaxy phone. Would surely have been better without this catch!

8. TechieXP1969

Posts: 14967; Member since: Sep 25, 2013

Other than the interest, it's no different than paying month on TMOBILE Jump or Lease. As long as the phone isn't damage, you get more than 50% of its retail value. Not a bad deal per se. But I want to just move my own SIM.

2. johnny9000

Posts: 50; Member since: Sep 10, 2011

This is a terrible program for the US. AT&T Next 20 allows you to trade in after 12 months, just like this program, and there is zero interest.

4. Manyci

Posts: 116; Member since: Aug 03, 2015

Even the title says, that it's in the UK (not S!!!)

3. Deadeye37

Posts: 302; Member since: Jan 25, 2011

Or.....I can go with T-mo Jump! and swap out for the next Samsung next year, or a different phone later in the year if there is something that floats my boat more than the S7.

5. tech2

Posts: 3487; Member since: Oct 26, 2012

Sloppy work PA. You could've reported this two days earlier as Samsung was doing 1 day promotion only in partnership with Paypal that all devices on their website will be interest free for 12 months.

6. UglyFrank

Posts: 2194; Member since: Jan 23, 2014

Yeah it sucks :( all prices for handsets purchases suck in comparison to their American counterparts

7. SamDH1

Posts: 419; Member since: Apr 21, 2015

This program has been live in the UK since Samsung announced the device.

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