Looks like the company who sparked the carrier pricing wars is back at it again. This time they're increasing the frequency with which subscribers can upgrade their devices.A while back, we told you about some of the things T-Mobile was offering their customers and the latest update to their JUMP! Program is sure to make some early adopters and tech junkies quite happy. If you'll recall, the JUMP! Program allows customers to upgrade their phone once every six months as long as they've paid off half the price of the phone by that time. Well, now with the new JUMP! On Demand program, customers can upgrade up to 3 times per year.
If you're on a postpaid Simple Choice program and your credit is up to snuff, you take your phone in to them, they do a three-point check up to make sure it's working properly and then you pick up your new phone with no money down and a monthly finance fee. The iPhone 6 is currently $15 a month, for example. If you're on the old JUMP! Program, you can upgrade to the on demand program when you next upgrade your current phone. The biggest differences are: they've done away with the $10 a month JUMP! Program fee and insurance has been broken out from the program and will cost you $8 a month. So, in the end, if you want insurance on your JUMP! On Demand device, you'll be saving $2. Those currently in the JUMP! program may save more as that $15 a month iPhone 6 lease payment is heavily discounted from what you find elsewhere, leading to a potential $10-$15 a month savings.
This latest move by T-Mobile is apparently the first in a series of "upgrades" to previous Un-Carrier announcements that they'll be launching this summer. T-Mobile's outspoken CEO, John Leger said in a press release that "Verizon's quietly turned their ‘early upgrade' program back into a two-year contract – as if nobody'll notice. And AT&T isn't much better. These guys just don't get it." While that may be true, it should be noted that if you want to pay off your phones completely, on these programs, you're still going to go about 18 to 24 months based on the way the payments are generally laid out, which some have likened to being in a two-year contract still. That said, at least in this case, you can pay off the device early and move on or buy another device outright.