FierceWireless is reporting that AT&T's Cricket Wireless subsidiary has quietly started offering customers device financing plans including one plan with no interest charges for customers with good credit. The three plans are:
- 0% interest financing - pay 4.16% of phone's price per month for 24 months
- No payments for the first six months then 5.4% of the phone's price for 24 months. The higher monthly payment reflects the whopping 29.99% APR interest of this option.
- Lease to own. 12 month lease. At the end of the 12 months the customer owns the device. There's a 90 days same as cash option meaning the customer can get the device interest free if they pay off the lease in the first 90 days.
The financing options are available at all legacy Cricket stores and some former Aio Stores, but not online. A Cricket spokeswoman told FierceWireless that financing will eventually be available at all Cricket stores.
AT&T acquired struggling Leap Wireless and it's Cricket Communications brand earlier this year. On May 18, AT&T combined Cricket with its Aio Wireless prepaid brand to create Cricket Wireless. Cricket's legacy CDMA network will be phased out over the next 12 to 18 months and customers will be migrated to Cricket branded service using the AT&T GSM network,
Cricket Wireless offers the following plans:
|Plan Name||Monthly Price||Hi-Speed Data Before Throttling 1||Allowed devices|
|Talk & Text||$25||Data not available||Basic Phones and BYOP SIMs Only|
|Basic||$40 ($35 with autopay)||500 MB||Any|
|Smart||$50 ($45 with autopay)||2.5 GB||Any|
|Pro||$60 ($55 with autopay)||5 GB||Any|
Cricket offers multi line discounts of $10/month for two lines, $30 for three lines, $60 for four lines or $90 for four lines. The multi-line discount is available with $40/month and higher plans and can't be combined with the auto-pay discount.