Cricket Wireless has become the first prepaid wireless carrier to introduce three distinct phone payment plans for qualified customers, including a rent-to-own option on phones worth $199.99 or more, which allows customers to pay off that device over the course of 90 days.
What this means is if you want to walk into your local Cricket Wireless store and get one of the newer flagship devices that they already carry or will be carrying, such as the new Samsung Galaxy S6, you can do so very easily without having to hand over your entire wallet.
You just need to put a down payment of $19.99, plus taxes and fees, agree to a payment plan that works for you and you’re on your way with your brand new phone, and most of your hard earned cash still burning your pockets, or to use on accessories for that shiny new device.
Below is the entire press release that we just received via email from one of our sources.
ATLANTA, April 8, 2015 /PRNewswire/ — Cricket Wireless today announces the launch of its new Phone Payment Plans*, designed to help customers get the latest, premium devices like the upcoming Samsung Galaxy S®6, even faster – without breaking their budget. Cricket is the first national prepaid wireless carrier that offers three distinct credit financing options including a rent-to-own leasing option for qualified customers – all with no annual contract.
Cricket’s Phone Payment Plans give consumers some of the most flexible pay options in the industry. Walk into any participating Cricket location and, if qualified and approved, walk out with the phone you want for as little as $19.99down, plus taxes and fees, and a payment plan you can afford.
- Tier I: Finance your device with an initial loan payment of $19.99 and 0% interest for 24 months. This option requires approval through a standard credit bureau check, and accessories and tax may be included in the loan.
- Tier II: Finance your device with an initial loan payment of $19.99 and six-month deferred interest offer and 29.99% APR for an 18 month term. Customers pay no interest if the purchase amount is paid off within 6 months. If the loan is not paid off within 6 months, all accrued interest from the date of purchase is billed to the account. Monthly payments for this option are determined by the amount of the loan. This option also requires approval through a standard credit bureau check. Accessories and tax may be included in the loan.
- Tier III: This rent-to-own leasing option is equivalent to 90 Days same as cash. That means, a customer can purchase a premium device with $49.99 initial rental payment, pay the remaining balance in installments over a 90-day period, and not incur any interest at all – just like you paid for your device upfront. This option requires no credit check, but a third party may be used to verify financial information.
“At Cricket, we know consumers want to get the latest devices – either for themselves or as gifts – but aren’t always sure if they can fit it in their budget,” said Janna Ducich, vice president and chief marketing officer, Cricket Wireless. “The Cricket Phone Payment Plans were created to simplify financing and make it quicker and more affordable to get the premium devices you want and need, when you want and need them.”
Any phone from Cricket priced at or over $199.99, including the upcoming Samsung S6, and the popular ZTE Grand X Max+, qualifies for the new Phone Payment Plans. A maximum of five devices may be financed per account and customers can also add accessories to their plan after the purchase of a qualifying device.
Switching Is Easy Too
For a limited time, Cricket is also offering customers who switch from T-Mobile, Metro-PCS, Sprint, Boost, and others 1 free month** of service after completing two months of service. This applies to customers who select the $50 or $60monthly rate plan.
Cricket offers its customers more generous high-speed data access allotments, apples-to-apples, than other prepaid carriers. This makes Cricket’s wireless plans more affordable so customers can spend their hard-earned money on things that matter to them. Cricket’s Basic, Smart, and Pro plans are $35, $45 and $55 each, after a $5 monthly Auto Pay credit. Plus, unlimited calling and messaging to Mexico from the U.S. is included on the Smart and Pro plans.
To check out the new Cricket or find a store near you, visit www.cricketwireless.com. Connect with us on Facebook atfacebook.com/cricketnation and Twitter at twitter.com/cricketnation. For news, information about events and other press materials about Cricket, visit the new Cricket Wireless Newsroom.
* Phone Payment Plans: Available at participating locations only. Credit financing and rent-to-own leasing options are not offered by Cricket Wireless LLC or its affiliates. Credit offers available to well-qualified customers. Activation of Cricket service on a qualifying smartphone plan required. See installment loan agreement/rental agreement for full details.
**Free Month of Service: Offer ends 4/30/15. Not available on-line. New customers on Smart. Pro and Advanced plans only. Number transfer req’d. Not available to AT&T customers, or Cricket CDMA customers. Free month applies to rate plan only and excludes features or other services. Active account in good standing req’d. Account credit applied approx. 5 days before 3rd month payment due date. Restrictions apply. Visit [insert url] for details .
So how many of you are on Cricket Wireless currently or with this new deal, how many of you will be switching to get yourself a new flagship device for very little money up front and on a payment plan that is reasonable? Let us know in the comments below as well as what device you plan on picking up.