As predicted Sprint has launched its early upgrade One Up program in conjunction with Apple’s new iPhone launches, following in the footsteps of other major carriers such as Verizon, T-Mobile and AT&T. The plan allows users to upgrade their device every year instead of every two years, and pay for their phone in monthly installments.
While Sprint isn’t the first carrier to break the two-year contract mold, it offers the cheapest rates when compared against the competition. Those signing up with Sprint’s One Up plan will get unlimited data, talk and text for just $65 a month, while other similar deals such as T-Mobile’s Jump plan charge $70 for monthly service.
Additionally, Sprint doesn’t require users to pay a down payment for their smartphone like other competing services. Users must agree to pay off the phone in 24 monthly installments, but they can trade in their device after 12 months if they choose to do so. However, Sprint was careful to note that the smartphone you trade in must be in “good and functional” condition. If you cancel the service before 24 months is up, you’ll have to pay off the balance of the device.
As of now, the One Up plan is only available in certain Sprint retail locations. Although Sprint’s early upgrade sounds surprisingly cheap for unlimited data, talk and text, the carrier does note that other plans may “receive prioritized bandwidth availability.” The fine print also acknowledges that video streaming speeds could drop as low as 1 Mbps per second. This isn’t entirely shocking considering the low service charge, but it’s definitely a trade off worth considering.