T-Mobile 'Get out of Jail Free Card' pays contract cutters up to $650 per line
T-Mobile will reimburse entire amount of customers’ early termination fees when they switch from AT&T, Sprint or Verizon
T-Mobile just took the wrapper off its latest Uncarrier initiative, introducing us to its boldest moves yet. As previously rumored, the wireless provider will pay off early termination fees for anyone leaving their current provider. Should you leave either Verizon, AT&T, or Sprint then you could earn yourself up to $650 for jumping early. Called the ‘Get Out of Jail Free Card’ it’s a combination of eligible phone trade-ins and ETF credits.
Up to a $300 trade-in credit comes from each eligible device and up to $350 more comes once the customer sends their final bill (ETF fees). This is per line! We cannot help but imagine this could lead to even more growth for T-Mobile. What’s more, it could come at the expense of other carriers. As to when this all takes effect, customers can head to a T-Mobile store tomorrow.
Carriers like to make you think you’re just signing up for two years with their family plans, but with staggered expiration dates and early termination fees, they’re really locking you in forever,” said Mike Sievert, chief marketing officer for T-Mobile. “Now, families are free to switch without worrying about early termination fees. And by switching to T-Mobile, a family of four can save $1,880 over two years compared to an AT&T shared family plan.”
Note that customers must trade-in their old phone, purchase a new T-Mobile phone and port their phone number to T-Mobile to qualify.