Forum Discussion
Extra EIP payment just reduced monthly auto pay?
My daughter just added a new phone to our plan, but wants to pay it off early. She pays just a little extra each month. I am set up with auto pay; however, went online before the deduction date and...
Making the downpayment is a great way (and the only way) to pay extra and have it lower the monthly amount. Once the EIP is established, then extra payments lower the number of months you pay.
In the situation like yours where you have a promotional credit every month, paying off the device early is a little weird. You would have to pay off the remaining non-promotional balance of the device to show the device fully paid off. You would want to double check your specific promotion, but most of the time you are allowed to pay off the device balance and still get your promotional credits. Essentially, you buy the phone on a promotion, wait for the EIP to establish and bill on the account, and then make sure that your bill reflects the promotional credits. Once you get your first promotional credit, then you should be good to pay off your equipment balance and the promotional credits will continue for the previously established amount of time (usually 24 months).
I hope that makes sense and helps clarify the different situations and options.
