T-Mobile announced the new plan today in a press release:
The Un-carrier is one-upping the upgrade. T-Mobile today announced Go5G Next, the only plan in wireless that guarantees customers are upgrade-ready every year and that new and existing customers always get the same great phone deals. The latest plan from T-Mobile—also available for businesses with Go5G Business Next—means that new and existing customers always have access to the latest technology to light up America’s leading 5G network.
Verizon and AT&T have both killed off 24 and 30-month device installment plans in favor of 36-month terms, which means you typically need to pay extra to upgrade your phone yearly.
With Go5G Next, not only is T-Mobile sticking with a 24-month installment term but it’s only requiring customers to pay 50% of their device off before being able to upgrade each year.
Notably, instead of having to pay the other 50% device balance off, T-Mobile is covering that for Go5G Next customers each year. Plus, the Uncarrier is offering a free 5G phone for new and current customers to get started.
Here’s how the company describes how it works:
- Switch to Go5G Next.
- Score the latest 5G phone on T-Mobile’s no-interest phone payment plan (EIP) with any eligible offer. Right now, that’s a free 5G smartphone for both new and existing customers with eligible trade-in via 24 monthly bill credits plus tax.
- Once you’ve paid off half your phone, you’re eligible to upgrade! In most cases, customers are upgrade-ready every single year or sooner.
- Simply trade in your old phone (T-Mobile pays off your remaining EIP!) and upgrade to the latest phone on a new EIP.
T-Mobile also says customers can choose to upgrade as soon as every 6 months if at least 50% of their phone is paid off.
