T-Mobile is a wireless network operator based in America (Bellevue, Washington being one of its headquarters among other locations) partly run by a German organization- Deutsche Telekom (DT). T-Mobile is among the largest wireless carriers in the US, with millions of subscribers as of the end of 2021. In addition, the well-known company has a payment plan for consumers called Smartphone Equality. Does T-Mobile have payment plans for its phones? – let’s know.
T-Mobile payment plan for its phones:
The wireless carrier company has a program for its customers that helps pay for the phones conveniently. The program, Smartphone Equality, was introduced a while back in January 2015 for its loyal customers who have been using T-Mobile since January 2014, almost eight years ago.
The network provider’s move offers the best deals and offers previously available to only individuals with excellent credit. Therefore, the Smartphone Equality program means more Americans will be able to purchase smartphones regardless of their credit scores finally.
What is Smartphone Equality?
This is a program started by a network provider back in 2015 for its loyal customers who had been consumers since the previous year-2014. Smartphone Equality allows people to get devices with no down payment but a monthly payment that runs for 12 years. The monthly payments need to be on time, as insisted by the organization.
T-Mobile stated that they had been considering more than just credit scores to evaluate whether the customers are likely to pay every month in a row. Instead, they’d judge the consumers on whether they had paid their bill on time for the previous 12 months. Does T-Mobile have payment plans for its phones? -How does it work? let’s know.
How does it work?
Zero down payment for the devices needed with 12 monthly installments on time done via Autopay, by physically calling them or visiting one of their stores. Better yet, the program skips your credit score, and thus every loyal customer is included.
To qualify for the Smartphone Equality initiative, the customers need to make 12 consecutive payments that are strictly on time and be on a qualifying plan that is highlighted on the company’s website, such as T-Mobile ONE, as an example.
John Legere, president of T-Mobile, said that with the Smartphone Equality program, the user’s relationships with the organization are the priority and not just their credit score, which means everyone can get the ‘hottest’ smartphones for absolutely favorable prices. The CEO added that the program’s introduction was the right move and the right thing to do.
For the longest time, United States wireless carriers have always based their decisions on which individuals get the deals and offer on credit scores formulated by third-party organizations.
The carriers will then use that piece of information to conclude whether a customer qualifies for the deals or not, even if the customer has been paying for all their bills on time.
Factually, over 60% of American citizens are given below-average credit scores, and over half of these Americans don’t even get to enjoy the carriers’ advertised deals and offers. Consequently, they’ll end up paying more upfront and over time.
The way the program works couldn’t be more straightforward, customers qualify by paying for their wireless service on time for 12 months consecutively, and that’s that. In addition, customers on the prepaid T-Mobile plan can also get access to the same deals and offers with the company’s popular Simple Choice postpaid plan.
Conclusion
As per the CEO of Billion Dollar Company, the Smartphone Equality program is good for businesses and consumers. Customers will enjoy the best deals and offer at absolutely no down payment and have to follow the strict 12-month payments and on time.
Frequently asked questions.
Can I get a device with bad credit with the Smartphone Equality agenda?
The program’s primary purpose was to include everyone with the deals and offers, and hence one can get a phone plan with bad credit. Although T-Mobile will look at your credit, it won’t require any deposit since the account will already be up and running.
What are consecutive and on-time payments?
These are monthly payments since obtaining the device by the customer should be paid on time for 12 months consecutively without missing a single month or even paying late.
What if I miss a payment or make a late payment for the monthly billings?
If you miss a payment or are late for the monthly payment, then yes, you will lose the Smartphone Equality benefits, and the payment history for the device will be reset. Again, this is for users who haven’t switched to the Magenta plan.
Is there a need to sign up to access the Smartphone Equality program?
Not exactly. The payments will be tracked automatically to determine if you are eligible for the Smartphone Equality initiative or not. Autopay makes it much simpler to qualify for the program, but this option is not mandatory.
To get more insights and information on the Smartphone Equality program, visit the company’s website- www.t-mobile.com and go through the CEO’s blog post, John Leger, at newsroom.t-mobile.com.
