The days of having to wait two long years between smartphone purchases may soon be behind you, if you’re a T-Mobile customer that is. According to The Verge, T-Mobile will announce a new “Jump” subscription plan that will allow users to upgrade their smartphones as often as they want without having to wait two years for their contracts to expire.
The Jump plan, which is expected to be announced today during a special media event held by T-Mobile, will reportedly require a different subscription fee than a normal monthly service plan. To upgrade your phone as a Jump user, you’ll simply have to pay the upfront cost of the new smartphone, as well as trade in the handset you are replacing it with. That’s it. Of course, whether the Jump plan is actually worth it depends on how much more it will cost users than a standard use plan.
T-Mobile currently charges $60 per month for a standard 2.5GB plan with unlimited text and voice, as well as the ability to use your smartphone as a mobile hotspot. The catch is that you have to put a down payment on the new handset you’re purchasing, and continue to pay it off over the course of two years, or until you upgrade again.
What makes T-Mobile different than the likes of AT&T, Sprint and Verizon, however, is that T-Mobile allows you to opt out of your contract at any time, as long as you cough up the remaining balance you owe on your smartphone. The one downside to all of this is that T-Mobile’s 4G LTE network is still the smallest of the Big Four carriers, covering just seven cities. That may give users pause before they consider switching over to the carrier.
We’ll learn more about T-Mobile’s Jump plan following its media event later this afternoon.
via: The Verge