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Cricket introduces three new payment plans, including a rent-to-own option

Cricket Wireless previously only offered a single off-contract price for devices, but they have just introduced three new payment plans which now bring different payment options to customers. Not everyone can go out and purchase a device off-contract, and Cricket's new plans make paying for your new device much easier. Cricket recently started selling their pre-paid SIM cards on Amazon to make things easier for customers, and now they are introducing the following payment plans:

  • 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.

Any phone over $199.99 will qualify for the new payment options from Cricket Wireless, and a max of five devices can be financed at a time. In addition to the devices, Cricket will include accessories purchased along with the device to be included in the payment plans as well.

Press release:

New Cricket Phone Payment Plans Help Customers Get the Phone They Want When They Want It – Including the Upcoming Galaxy S®6

Customers can apply for three payment options including 0% interest or 90 days same as cash

ATLANTA, April 8, 2015 – Cricket Wireless today announces the launch of its new Phone Payment Plans*, designed to help customers get the latest, premium devices like the upcoming Samsung Galaxy S®6, even faster – without breaking their budget. Cricket is the first national prepaid wireless carrier that offers three distinct credit financing options including a rent-to-own leasing option for qualified customers – all with no annual contract.

Cricket's Phone Payment Plans give consumers some of the most flexible pay options in the industry. Walk into any participating Cricket location and, if qualified and approved, walk out with the phone you want for as little as $19.99 down, plus taxes and fees, and a payment plan you can afford.

  • 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.

"At Cricket, we know consumers want to get the latest devices – either for themselves or as gifts – but aren't always sure if they can fit it in their budget," said Janna Ducich, vice president and chief marketing officer, Cricket Wireless. "The Cricket Phone Payment Plans were created to simplify financing and make it quicker and more affordable to get the premium devices you want and need, when you want and need them."

Any phone from Cricket priced at or over $199.99, including the upcoming Samsung S®6​, and the popular ZTE Grand X Max+, qualifies for the new Phone Payment Plans. A maximum of five devices may be financed per account and customers can also add accessories to their plan after the purchase of a qualifying device.

Switching is Easy Too

For a limited time, Cricket is also offering customers who switch from T-Mobile, Metro-PCS, Sprint, Boost, and others 1 free month** of service after completing two months of service. This applies to customers who select the $50 or $60 monthly rate plan.

Cricket offers its customers more generous high-speed data access allotments, apples-to-apples, than other prepaid carriers. This makes Cricket's wireless plans more affordable so customers can spend their hard-earned money on things that matter to them. Cricket's Basic, Smart, and Pro plans are $35, $45 and $55 each, after a $5 monthly Auto Pay credit. Plus, unlimited calling and messaging to Mexico from the U.S. is included on the Smart and Pro plans.

Jared started off writing about mobile phones back when BlackBerry ruled the market, and Windows Mobile was kinda cool. Now, with a family, mortgage and other responsibilities he has no choice but to look for the best deals, and he's here to share them with you.

37 Comments
  • will cricket get the 640 anyone think??
  • I would think so. They are clearing out the 535 & 635 now.
  • Cricket sells the 535?
  • Sorry 530. Damn Lumia numbers are to hard to keep up with.
  • they will probably get the 640xl ... it's an ATT exclusive here stateside
  • Just save your money for a few months, then buy a phone. Is the concept so hard?!?
  • Besides not making that habit, any 0% interest offer you don't use when you want a thing anyway is stupid. Even if you have the cash all upfront, it would work for you more as an investment rather than in a phone or tv or car.
  • Not in the ammounts / ammount of time we're talking about with phones. What's $300 gonna do for you in 90 days? earn you 15¢ if you're lucky?  It's not worth the credit inquiry.
  • I mentioned car and tv, and plenty of store cards do 0% on bigger items too, like refrigerators, etc. A phone you're right, probably won't do much, but it's better to have that in some interest or stock play or bond play. $500 in Coke 50 years ago would make you a millionaire today. And about that credit check, if you do it often yeah, silly, but for a 500 loan, it isn't that big of a deal in the long run either. A lot can happen in two years. Though you're right most people aren't thinking like this and that's the main problem... Bad habbits.
  • $500 50 years ago was a significant amount of money.
  • Very true, could have bought a car. Point being that it depends on what you need/want vs how you get it the best way. If you want something, buy it the best way possible.
  • $300 on red...
  • Electronics depreciate nearly instantly. The moment you take it out of the box. Financing electronics, even at 0%, is a horrible investment.
  • Exactly, so putting all your liquid cash into electronics is stupid, so finance using free money. Anyway, have a good rest of the day people.
  • I pay $55 for unlimited talk/text/20GB data. They do need more/better phones tho.
  • Can't you bring your own unlocked phone to them as long as it's GSM?
  • Yes.  I buy my phones from ATT, use them on Cricket. and ATT phones don't even need to be unlocked to work.
  • ATT owns cricket
  • That knew, but I didn't know much about them as far as if they are actually sharing bands. I will likely try them for a month and if I don't like it, go back to ATT. Thanks or the info. I kind of hope they work out, I could save like $30/month.
  • Yes you can, everything works great. Word of caution, if it isn't a Cricket branded phone, you wont get "visual voicemail". Also, their lte speeds are capped. They say 8mbs but I've been pulling 15mbs.
  • Lucky you. Haven't gotten more than like 8.5 down. Uploads I think I've gotten up to like 12
  • like you need anything over 5mb on a phone ... the arm CPUs in phones can't even process data that fast.
  • I can deal without the visual voicemail, I can count on one hand the amount of phone calls I get that go to VM. Even then it's usually my parents lol. Thanks for the info though. I think as long as their service area is good enough for me, I'll be going for it.
  • And wider range of countries in international plan. Would have switched otherwise.
  • Still come out better than going with a premium carrier. Maybe not the 30% interest one though.
  • Teir 2 is ridiculous!
    I hope not many people go for that.
  • I'm considering using them when my AT&T plan is up in Nov. $40 for unlimited talk and text and like 2GB data with a $5 rebate on auto payment. This plus what ever the new windows flagship will be can likely save some money in the long run.
  • I have been exceptionally happy with Cricket so far. Moved from MetroPCS, which was great for its time, but made it too hard to swap phones, and coverage was T-Mobile's. Last straw was that they said they were getting the Lumia 630, but never delivered. I jumped ship when I saw the free Lumia 630 plus $100 to switch offer per line. It was awesome. I am on a family plan, $100/month, 5 lines, unlimited everything and 2.5gb high speed data, taxes included. I found a used Lumia 1320 to use on craigslist for $120, and for my wife a $200 unlocked Lumia 830. I even used a Verizon Lumia 822 for a few weeks. Visual voicemail, ATT coverage, super inexpensive. I'm told there is a promotion to get $50 towards a new phone every 12 months too. Very cool.
  • Genius. I'm doing something similar right now testing unlocked TMo and ATT phones on Tings GSM bands. It's TMo network though so I'll keep my eye on Cricket. Tings pay for what you use approach is so appealing though. I'm running $43/mo for wife and I compared to $109 on ATT
  • Cricket does not update their phones.
  • How do you mean? Like firmware updates do not get pushed out?
  • Which phones? Windows Phone, Android, and iOS?
  • Cricket has never passed a Windows Phone OS update or firmware update on to users.
  • That's not true, the 1320 got the 8.1 update.
  • Fine Print Phone Payment Plans are available at participating locations only. Credit financing and rent-to-own leasing options are not offered by Cricket Wireless LLC or its affiliates. Credit offers available to well-qualified customers. For example, with the financing of a $599.99 phone, $19.99 minimum initial loan payment due at time of purchase; monthly payments of $42.17 for 17 months; 29.99% APR. Credit check, approval, and installment loan agreement required. See installment loan agreement for full terms and conditions. Fortiva" installment loan offered by Mid-America Bank & Trust Company. Or, if approved, (after $49.99 initial rental payment) receive 90 day same as cash offer with rent-to-own payment plan. No ownership until paid in full. With the rental of a $599.99 phone, monthly payments ranging from $105 to $121 would be required for 11 months for a total cost of $1,200 to $1,380 plus sales tax where applicable. To satisfy the 90 day same as cash offer, you must pay the entire cash price plus any sales tax and fees within 90 days of your transaction date. See rental agreement for full terms and conditions. Rent-to-own payment plan offered by YBUY Financial, LLC. Posted via the Windows Phone Central App for Android
  • WHOA, why would an 11-month payoff period with $100+ monthly payments be required for a phone that costs $600? That doubles the cost of the phone. I am guessing that is in regards to the second option (30% interest,) but it says that 11 payments are required...their language in the actual promo makes it seem as though you can pay it off as quiick as you want and the interest rates/timeframes are only for bare minimum payments.
  • Cricket has been great for me. I travel for work and coverage is just like what I got with my old iPhone on ATT. Looking forward to the Lumia 640.