The trio of new payment plans include 90 Days same as cash option
Cricket Wireless on Wednesday announced three new payment plans for customers looking to spread out payments for its devices. Available for any handset priced $199 and above, the carrier’s new options make it easier to consider the AT&T prepaid brand.
The three new plans break down as follows:
- 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.
Cricket is also offering a free month of service to customers who port their number from T-Mobile, MetroPCS, Boost, and Sprint. To qualify for the limited time deal, the new subscriber must complete two months of service on a $50 or $60 rate plan.