T-Mobile Will Pay Off Your Phone Up to $1,000 - T-Mobile Newsroom (2024)

What’s the news: Now, T-Mobile will pay off what you owe the Carriers for your smartphone up to $1,000 when you switch.

Why it matters: AT&T and Verizon have spent millions (billions?) giving their customers 5G, but those customers must be asking: 'Where’s the 5G?' T-Mobile is answering them. Those customers can switch to Essentials, get their phone paid off, save up to 20% on their family plan each month and get nearly 100% more 5G coverage.

Who it’s for: AT&T and Verizon customers who are paying more and getting less 5G coverage.

BELLEVUE, Wash. — October 21, 2021 Q: Where's the 5G? A: At T-Mobile. Today, T-Mobile (NASDAQ: TMUS) announced that the Un-carrier will now pay off what you owe the Carriers for your eligible smartphone up to $1,000. Beginning Friday, October 22, consumers and small businesses can bring their favorite 5G-phones-with-less-5G-coverage-than-they-deserve over to the Un-carrier and T-Mobile will give them the 5G they've been searching for … AND up to $1,000 for each of up to five devices via virtual prepaid MasterCard.

"AT&T and Verizon customers with brand-new 5G phones often find themselves without 5G coverage. According to the latest third party tests, AT&T customers get a 5G signal less than half the time (44.8%) they use their phone, and Verizon customers only about a third of the time (34.3%)," said Jon Freier, Consumer Group President at T-Mobile. "Now, those customers can switch to T-Mobile, and we’ll pay off what they owe the Carriers for their smartphone up to $1,000 — and they’ll save up to 20% on their family plan and get way more 5G coverage."

Bring Your Own Smartphone. It'll Work.
Today, almost 50% of US consumers believe their smartphone won’t work with another provider.[1] At one time, that was true, but those days are long gone. Now, the most popular smartphones work across different providers' networks … even if those networks aren’t giving customers equal results. In fact, customers get a lot more 5G at T-Mobile on America’s largest and fastest 5G network that’s nearly 2x larger than AT&T's and 4x larger than Verizon's.

With T-Mobile Essentials, your family can save up to 20% off wireless service each month compared to AT&T and Verizon's basic unlimited plans. With your third line free, it’s just $27 per line/mo (plus taxes and fees) for four lines — that’s $420 saved per year over the Carriers — and you’ll get:

  • Unlimited talk, text and 5G smartphone data included at no extra charge
  • Team of Experts, the most awarded customer care in wireless
  • An unparalleled set of free tools to protect from scams and unwanted robocalls withScam Shield Premium
  • Weekly free stuff and discounts fromT-Mobile Tuesdays

Starting Friday, October 22, just bring your phone into T-Mobile along with a picture of your last bill, and T-Mobile will pay off your remaining eligible device payments up to $1,000 via virtual prepaid MasterCard.

For more information on T-Mobile’s current offers, please visit t-mobile.com/offers/switch-to-t-mobile-from-verizon-or-att.

Follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay up to date with the latest company news.

[1] Civic Science survey, Sept. 2021

Keep & Switch: Limited time offer; subject to change. Qualifying unlocked device, credit, service, port-in, 90+ days with device & eligible carrier & timely redemption required. Virtual Mastercard typically takes 15 days. No cash access & expires in 6 months. Card issued by Sunrise Banks N.A., Member FDIC.​ 5G availability, and fastest based on median, overall combined 5G speeds, based on analysis by Ookla® of Speedtest Intelligence® data as reported on www.speedtest.net/global-index/united-states#market-analysis for Q3 2021. Ookla trademarks used under license and reprinted with permission. 5G coverage not available in some areas; capable device required & some uses may require certain plan for feature, see T-Mobile.com. Select words in this release were edited on July 6, 2023.

About T-Mobile
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit:https://www.t-mobile.com.

Media Relations ContactT-Mobile US, Inc.MediaRelations@t-mobile.com

Investor Relations ContactT-Mobile US, Inc.Investor.Relations@t-mobile.com

https://investor.t-mobile.com

Tags5GConsumerDealsDevices

T-Mobile Will Pay Off Your Phone Up to $1,000 - T-Mobile Newsroom (2024)

FAQs

Does T-Mobile really pay off your phone? ›

Switch to T-Mobile, and we'll help pay off your phone—up to $800. Via virtual prepaid card.

What carrier pays off your phone to switch? ›

T-Mobile. Bring your eligible unlocked phone with you and we'll reimburse your remaining phone payment balance when you switch from select carriers (including AT&T, Verizon, Spectrum, Claro, Liberty, Xfinity or UScellular) to T-Mobile – up to $800/line (up to 4 lines) via virtual prepaid card.

What are the new fees for T-Mobile in 2024? ›

As of April 3rd 2024, no matter the SIM type, it is a one-time Device Connectivity Charge of $25. That's quite a steep increase. This also includes customers upgrading their prepaid device. Buying that device through T-Mobile will now include the $25 fee.

How many devices will T-Mobile pay off? ›

We'll reimburse your remaining device balance and early termination fees, up to $650 per line, for up to two lines, via virtual prepaid Mastercard®.

What happens if you don't pay off your T-Mobile phone? ›

Nonpayment suspensions

Anytime your account is past due, your service may be partially suspended. If the balance on your account remains unpaid, a full suspension may occur.

What happens to your phone bill when you pay off your phone? ›

When you pay off your device: You continue paying your monthly costs for your talk, text and data plan, but you no longer have a device payment charge on your monthly bill. Any monthly promotional credits you're getting will stop.

Is T-Mobile raising prices on older people? ›

Those on older plans can expect a $2 or $5 per line increase, with notifications to affected customers having gone out on Wednesday. Eli Blumenthal is a senior editor at CNET with a particular focus on covering the latest in the ever-changing worlds of telecom, streaming and sports.

Why did T-Mobile increase my bill? ›

The bill increases go towards maintaining and upgrading all of those towers that you, as a customer, rely on for your service.

How often does T-Mobile let you upgrade your phone? ›

Yearly Upgrade overview

Yearly Upgrade is an upgrade program that allows you to upgrade as soon as every year. If you aren't on the Yearly Upgrade program yet, you will need to switch to an eligible plan that includes Yearly Upgrade.

How does the T-Mobile $800 credit work? ›

Essentials Saver. Get up to $800. Pay only $50 per month on our Essentials Saver plan when you bring your own device and switch with 1 line. Plus, when you switch, we'll pay off your phone up to $800 via virtual prepaid Mastercard.

Which is better, AT&T or T-Mobile? ›

When it comes to download speeds, T-Mobile beats out AT&T on both 4G LTE and 5G networks. If you've got a 4G phone and you're using T-Mobile, you'll be hitting much faster average speeds than with AT&T. Even more impressively, T-Mobile also delivers 5G speeds that are over twice as fast on average compared to AT&T.

Can you switch phone carriers if you owe money? ›

Any outstanding balance must be paid in full before switching carriers. How much you owe depends on a number of factors including payments left on devices, current account balance, billing promotions, and trade-in value of phones you may be willing to sell to the carrier.

Can you sell a phone that is not paid off T-Mobile? ›

Yes! You can sell a phone that's financed, so long as you fully intend to continue making payments to the carrier or other entity from which you've financed the device, and as long as nothing in the agreement between you and that entity prevents you from doing so.

Does T-Mobile really give you a free Iphone? ›

Be careful with very unethical practice by Tmobile to give you free device and they will tell you it is free and will start charging you a service fee.

Can I switch to T-Mobile if I still owe on my phone? ›

For a limited time, customers who switch (bring your number) to T-Mobile from an eligible postpaid carrier (AT&T, Verizon, Spectrum, Claro, Liberty (Puerto Rico), Xfinity or UScellular) can bring their eligible phone and we will reimburse you up to $800 per line on the remaining device payment balance (up to 5 voice ...

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