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AT&T's Cricket Wireless Now Offering No Interest Phone Financing

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
High-Speed data is throttled to a maximum of 8 Mbps for LTE data and 4 Mbps for HSPA+. After the high-speed data cap is reached speed is further throttled to about 128 Kbps.

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.


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15 comments:

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  1. Dennis. Question. Off Topic. What network does the Straight Talk branded Moto G run on. My zip code gives me AT&T, Verizon, and Sprint phones and it's on there. But when I type in a all AT&T zip code, no Moto G.

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    1. Most likely Verizon. Why don't you ask Straight Talk?

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    2. You do realize that Dennis is one of the most knowledgeable blogger/reporter when it comes to prepaid phones. That's why people come here to read what he post daily. Also, it's not on Verizon, and Straight Talk does not make it easy for their customers to find out what network a phone runs on.

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    3. T-Mobile, At least I'm only seeing the Straight Talk Moto G in T-Mobile markets currently. There's a tutorial for a Verizon CDMA version of the Moto G online but it doesn't seem to be available yet.

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  2. It's either T-Mobile or Sprint.

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  3. If Cricket ala AT&T wants to be competitive then they need to make the plan price more attractive, I would recommend as follow, $35 for basic plan with 500MB, $45 with 2.5GB, $55/60 with 4GB data. That's the way to go otherwise other MVNOs wins big.

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  4. Ummm,,, Unless I'm not understanding, Cricket's rates are the same or even better (with auto-pay) than the ones you recommend above. Am I missing something?

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    1. Sorry, brain fart end of the finals lol. I meant $30, $40, $50 with autopay.

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    2. The $50 rewards credit for paying on time for 12 months gives you just the pricing you mentioned + more GB.

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  5. Cricket has a $5.00 credit applied at the plans month end date if you set-up Auto Pay with any of these plans. $40/$35, $50/$45, $60/$55.

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  6. $50/45 is 2.5 GB and $60/55 is 5 GB now.

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  7. So Cricket is "unlimited" with throttling after you surpass your high speed bandwidth limit? I had assumed that they cut you off after you reached your limit and you had to purchase more via the $10 per gig add-on feature.

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    Replies
    1. They throttle but do not cut you off.

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  8. Cricket also has a rewards program which gives you a $50 credit for paying on time for 12 months.

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    Replies
    1. that $50 credit is only to be used toward purchasing a new phone, not to be put toward your monthly bill

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