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In Advance of Galaxy S6 Launch Cricket Wireless Announces Phone Financing Plans

With the launch of the $600+ Samsung Galaxy S6 imminent, Cricket Wireless has announced the availability of phone financing. That means easy payment plans for customers who want a new high end smartphone but don't have the cash in hand to pay for it. Depending on their credit worthiness, customers may be offered one or more of three payment options:

  • Tier I: Finance a 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 a 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.
The Phone Payment Plans are available at Cricket stores with purchases of Cricket phones priced at $199.99 and higher. A maximum of five devices may be financed per account. Customers can add accessories to their payment plan after purchasing a qualifying device.

To me these financing deals only make sense if you are 100% sure you can pay off the loan during the interest free part of the financing plan (two years for Tier 1, 6 months for Tier 2 and 90 days for tier 3). You don't ever want to borrow money at a 29.99% interest rate.

Cricket has also extended its Free Month of Service offer until 4/30/15. It gives customers who port a number to Cricket and activate it on the $50 or $60 monthly rate plan a free month of service after completing two months of service. The offer is not available to AT&T customers, or Cricket CDMA customers.

If you are wondering when the Galaxy S6 will be available on Cricket and how much it will cost, Cricket still hasn't revealed those details. I expect we will see the GS6 within a week or two with a price between $650 and $700.

Source: Cricket Wireless

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24 comments:

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  1. Will this be in store only? What about online purchasing?

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    1. Financing will be available in-store only, not online.

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  2. What is cricket data speed

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    1. LTE is limited to 8Mbps, HSPA+ is limited to 4 Mbps. Throttled speed is 128 Kbps.

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  3. I usually get over 200 ms in "ping" also on Cricket. It runs through the Jasper proxy server, if someone wants to check that out too.

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  4. People often overlook latency. Your perceived speed of the internet connection in most use cases has more to do with Latency than the actual bandwidth (video streaming is the only opposite case).

    The 200ms-300ms latency notably slow you down and AT&T purposely did that to differentiate between the AT&T brand and Cricket brand.

    I tried the server for a few months and it was very painful - Sprint's prepaid brand did far better in my book.

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    1. I knew the latency mattered to many, which was why I figured it was relevant. But what does it affect, mainly? Online shoot em ups and VOIP?

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  5. any one have cricket group plan? the 100 for 5 lines one? is 100 or 100+ tax ? also what if one line is different plan?

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    1. Threre are no taxes, it's a flat $100 for 5 lines with each line on the $40 plan. Phones can be on different plans by paying the difference between the higher plan's price and $40. For example, four phones on the $40 plan and one on the $60 plan would be $120.

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    2. Thanks Dennis, that helps :)

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  6. Is 8 Mbps fast enough for hangouts voice dialer?

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    1. Yes Hangouts only needs about 128 Kbps. The relatively high pings on Cricket are more likely to be an issue. But why use VOIP when Cricket includes unlimited voice calling on all plans?

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    2. I can see someone could use VOIP with Cricket, Dennis, if they have/maintain multiple VOIP related accounts/lines through apps in their phone.

      Now, I wonder about the nature of the latency and high ping with Cricket. Is this by design, or is it just because the Jasper proxy service is relatively slow and clunky and takes time to put things through? And, if the latter case, it might get better if Jasper improves their hardware?

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  7. Dennis -- Does this promo seem to indicate that they will actually allow the 20 GB Advanced plan to sunset ("after" 4/9, or "on" 4/9)? or are the two things unrelated? I'm on a 5-member Pro Group Save plan, but I could probably find someone to replace me so that the Group would not be affected. Then I could lock in 20 GB.

    I guess I could switch to Advanced Plan, and then just see what they do after tomorrow, to keep that option alive. We've gotten used to things getting better and better, but maybe they really are going to pull that plan for new subscribers.

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    1. I don't think Cricket will extend the Advanced Plan. Sign up as soon as possible. At some point tomorrow, probably midnight EDT the plan will no longer be available.

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    2. Yep. I signed up and got grandfathered in to an Advanced plan, but then got to thinking that the Pro plan was actually a better deal on our Group Save. Even though the Plan Switch strategy may not work forever, I think the principle with Prepaid should be:" NoContract flexibility, and constantly switching to, and rewarding, the best deal out there". So I switched back to Pro.

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  8. Who's better T-Mobile or cricket I have harbor mobile aka T-Mobile service

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    1. T-Mobile has faster data, Cricket has coverage in a lot more places. Only you can decide which is better for you.

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  9. would rather get the cheaper HDC S6 chinese clone phone instead of paying too much for the samsung.

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    1. I read the review site on that HDC and it looks counterfeit, fraudulent. A fake one with an actual SAMSUNG logo on it.

      Looks even shadier than the "One Plus" marketing scam outfit.

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    2. .... You might check into an authentic Galaxy S4 instead of a scamphone.

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    3. they are chinese clone phones. CLONES. copycats. cheap. people buy them up in china. which is why samsung is having such a hard time in china. and clones nowadays are damn good.

      yeah personally would rather get a CLONE phone instead of samsung.

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  10. Cricket Wireless: Samsung Galaxy 6 will be available in stores and on cricketwireless.com, beginning Friday,April 24th. http://cricketwireless.mediaroom.com/2015-04-15-Cricket-Wireless-Offers-the-New-Samsung-Galaxy-S-6-for-as-Little-as-19-99-Initial-Phone-Payment

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  11. I have cricket and tmobile and to say tmobile has much better service bars and speed in wi area all the way through il

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