Cricket Wireless to offer payment plans for phones

I’ve been on Cricket for about a year, and before that I was on Metro PCS for a year, after dumping Verizon. Spending $70 per month for unlimited everything, for 2 lines, just sounded like a great deal. Especially when I was paying $150 on Verizon for almost the same thing.

Yeah sure, I didn’t have unlimited 4G, but that culture has changed a lot too. On Cricket, for their basic $40 package you can get 3GB of 4G LTE before you get throttled. That was a game changer in the prepaid world.

One thing that has been persistently bad, has been my option of phones. Unless I wanted to pay $500+ dollars for an iPhone or Samsung Galaxy, I was stuck with a cheap low end phone for less than $200.

Well, today Cricket has announced that they once again are pushing the envelope. For their phones that are $199.99 or more, you can now finance, kind of like you can on the major carriers. There are 3 options, one of which is 0% interest, 90 days same as cash without a credit check! The other two do require credit checks, but here are the options straight from the press release:

 

  • 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.

     

    To read the whole press release, click HERE

     

    Image credit: Cricket

     

Roy Czlapinski

Roy joined Goopply in 2013 as a periodical contributor. Since then he has become the Managing Editor, who assists the Executive Editor with the administrative side of Goopply. Roy also writes articles about mobile devices, tech news, video games and apps. In his spare time, Roy enjoys reading, video games, and spending time with his kids.

Leave a Reply

Close Menu

About

Goopply is a community news website dedicated to social media, technology, culture & more. Goopply was co-founded in 2012 by Matthew Evans and Roshan John who wanted to make a change in the news was reported.

Our ultimate goal is to engage people who are passionate about technology, social media, business, and startups by offering our personal and unbiased take on the latest trends and events in the field while striving to enlist the most interesting and collaborative people onto our team from our communities.