T-Mobile Will Pay Off $1K on Your Phone AND Let You Keep it if You Switch

Have you been looking for a new cell phone provider?

If so, you might like this killer deal from T-Mobile. And no, T-Mobile didn’t pay us to write about this — it’s just so good that we had to!

The cell phone company is launching a promotional deal to snatch some of its competitors’ customers.

Starting May 31, T-Mobile will pay customers up to $1,000 to switch over their plans with no trade-in required.

T-Mobile Says Your Current Plan Sucks

The campaign is aptly named #GetOutoftheRed — a clear jab at Verizon’s red V logo.

A promotional video featuring T-Mobile CEO John Legere is kind of weird blasts Verizon, alleging it hasn’t been able to keep up with increasing demand for unlimited data. Legere claims that while Verizon’s download speeds have fallen 14% since it launched its unlimited data plan, T-Mobile’s speeds are only getting faster.

Legere also accuses Verizon of charging ridiculously expensive fees when customers want out of their contracts — and claims at least 9 million customers don’t terminate them because they can’t afford to.

Legere “feels bad” for all the “trapped” Verizon customers — yes, he really said that — so T-Mobile will pay off financed or leased devices when customers switch to its service “whether you owe $1 or $1,000.”

While the video focuses on Verizon, the deal is also available to AT&T and Sprint customers.
The best part? The paid-off device stays with you, so you don’t have to pay for a new one. You also get to keep your phone number, and the pictures, videos and apps on the device.

Qualifying phones for this deal include the iPhone SE, iPhone 6, iPhone 6s, iPhone 6s Plus, iPhone 7, iPhone 7 Plus, Google Pixel and Google Pixel XL.

Like every deal out there, this one comes with a few contingencies:

  • You must sign up for the $15 per month T-Mobile ONE device protection.
  • You’ll buy out your phone upfront, and T-Mobile will send you a prepaid MasterCard in 15 to 30 days to reimburse you.
  • The offer is good for up to five lines per subscriber.
  • You must have qualifying credit, and your current account must be active and in good standing.
  • AT&T and Sprint customers must have their original provider unlock their devices.

T-Mobile says that the average Verizon customer owes $315 on their device.

Is this deal good enough for you to make the switch?

Kelly Smith is a junior writer and engagement specialist at The Penny Hoarder. Catch her on Twitter at @keywordkelly.