There is some competition in the phone upgrade program, and that’s good news for consumers. T-Mobile’s trend may be kicked off to allow consumers change their phones more frequently but it certainly wasn’t be last too long as the Sprint Corporation (NYSE:S) introducing one up and now there’s an alternative out there. Both are trying to pick off customers from larger Verizon Wireless and AT&T.
The upgrade programs will be simple in which customers pay for the device under a monthly installment plan. Customers can trade in their device for a new one when a year (or six months, under T-Mobile), will be passed and will continue their monthly installments.
T-Mobile’s program ‘Jump’ raises cost to an additional $10 a month and it applies to all of its plans. Its program also requires an upfront payment on some of its higher end phones like iPhone.
Sprint’s One Up program doesn’t cost anything, but requires that you sign up for its Unlimited. My Way plan or its $110 My All-In plan. The individual My Way plan cost is $80, but the One Up program includes a $15 discount.
One up program offers one upgrade each year but customers should be able to exchange the device at no cost, and continue paying their monthly installments.
When compare these plan a customer has to pay a total of $1,192 over the first 12 months for Sprint, which includes activation fee and 8 percent sales tax for the $650 iPhone 5S and T-Mobile’s plan costs $1,420.
Sprint Corporation (NYSE:S) for now has the lead in terms of LTE coverage and network. The company reached in 185 markets as compared to T-Mobile which reaches in 154 markets earlier this month. But T-Mobile has an advantage in big cities on the other hand Sprint suffer in big cities. Sprint lacks in speed because it uses old age 4G technology.
Both companies offer competitive plans, and which plan suits you depend on how you use your phone. If you need insurance and T-Mobile offers a good package. And if you want unlimited data for your phone and large network than Sprint is the best.
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