Cricket Unveils Phone Payment Plan So Customers Can Buy the Phones They Want
July 18, 2013 10:34 PM | Services |
Cricket Communications, Inc. is bringing to consumers the best value in wireless with the introduction of its new Phone Payment Plan to make it even easier for customers to get the phones they really want. The Phone Payment Plan available only at Cricket beginning Sunday, July 21st in Cricket-owned stores and select dealer locations, and provides consumers with a great way to get a phone, with a low initial payment and low monthly payments over time, instead of a large up-front payment or high monthly payments. We expect that a majority of customers who apply for this program will be approved at the most flexible terms found anywhere in the wireless industry.
When customers apply for the Phone Payment Plan, they are eligible for one of three offers: No Interest, Deferred Interest or No Credit Check. The offer the customer receives and its terms will vary based on a variety of factors, including credit history if applicable.
"We believe Cricket's new exclusive Phone Payment Plan is clearly the best phone purchase program in the industry and is a game-changer," said Jerry Elliott, president and chief operating officer for Cricket. "The plan offers the most flexible payment terms available anywhere and will enable more customers to affordably get the phone they really want, including the latest iPhones and Samsung Galaxy devices. In addition, the program allows us to reach those customers who would normally enter a long-term contract agreement with a postpaid carrier. The best phones in the world are now within even more people's budgets. "
Cricket Phone Payment Plan Offer Type
No Interest: Customer pays 4% down at time of purchase and 4% of the total plan amount monthly for 24 months. 0% APR
Deferred Interest: Customer pays 5% of the phone purchase at time of purchase and a minimum of 5% of the payment plan amount monthly. No interest if loan paid off in six months.
No Credit Check: Customer pays an initial payment as low as 8% and same as cash for 90 days (allowing the customer to avoid paying additional fees by paying the full cost of the phone)
The Phone Payment Plan is provided by a third party and is available for Cricket Wireless customers only. Cricket customers upgrading from an older phone must pay the down payment amount determined by their offer plus any service proration that could be incurred by upgrading to a new rate plan.