Forum Discussion
T-Mobile SCAM
If you see an offer for "Trade-in your old device get up to $800" do NOT fall for it. Even after reading all the fine print and such they will switch your original offer of 800 to a mere 100 and that...
gramps28 wrote:Usually that promo ,from what I've read on this forum, is that the other $700 will be issued in monthly bill credits.
That’s right. Promotional trade in consists of two parts:
- Fair market value - this is the amount you will get as a lump sum credit once your trade in device is received and confirmed.
- Promotional value - the remaining amount minus fair market value will be credited int 12-24 monthly credits depending on the offer.
I've traded in 5 phones in the past 2 years using this type of promotion and it has always worked this way and I got every penny that I was promised. My most recent one was $720 trade in for an iPhone X for a 13 Mini. I got $90 one time credit and the rest is being applied over 24 monthly credits.
The promotional credit is to incentivize to keep your TMO line for 24 months because if you cancel that line before 24 months, you forfeit the remaining credit. Your new phone is also charged to you in equal monthly payments so your up front costs are only the tax and maybe shipping. It's a win-win as long as you are reasonably sure you will keep using TMO for 24 months.
