Of course, T-Mobile would be the first to do it. The third biggest wireless carrier in the United States has just introduced a new limited time trade in deal for Apple’s newest iPhone models, the iPhone 7 and the iPhone 7 Plus. Officially going live on September 9th, T-Mobile’s offer is made available only to customers who decide to preorder any one of Apple’s latest flagship devices.
Those who preorder the 32 gigabyte edition of the iPhone 7 will get to receive up to $650 in monthly bill credits back over the next couple of years, which basically means that the device’s $649 retail price is cancelled out and essentially handing the customer an iPhone 7, free of charge. This deal is also being offered for the 128 gigabyte edition and the 264 gigabyte edition of the iPhone 7 and the iPhone 7 Plus, but note that customers will have to expect to pay more for these variants upfront.
In order to become eligible for T-Mobile’s latest offer, customers will have to trade in their existing iPhone 6, iPhone 6 Plus, iPhone 6s, or iPhone 6s Plus handset, and then avail of a two year Equipment Installment Plan for the iPhone 7. Moreover, customers will also need to be under a qualifying service plan to be able to take full advantage of the deal.
With regards to the monthly bill credits, they will be given to customers monthly (about $27 a month) over a period of 24 months, that is as long as the customer’s account remains active and in good standing throughout that period of time. Until T-Mobile divulges the full terms and conditions of the deal, customers can assume that the bill credits will be applied for as long as they stay under a T-Mobile plan. If they decide to cancel early, however, they will most likely forfeit their remaining monthly credits, and then be made to pay off the remaining outstanding balance of their iPhone 7 unit.
It also bears noting that this new trade in offer from the major US wireless carrier can not be merged with any of its other existing trade in offers, like T-Mobile’s Carrier Freedom, for instance. And despite the promise of monthly bill credits, customers will still have to pay any extra charges like taxes and fees.
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