Earlier this month we got word from our sources claiming that T-Mobile would soon being offering premium accessories on EIP from July 20th. Today, the company has officially announced those plans. In a blog post published this morning, Mike Sievert announced that accessories priced from $69-$250 would be available on EIP.
“This means you and your family could walk out the door not only with new smartphones and tablets but also with your choice of the latest audio and mobile accessories—all for $0 down and 24 monthly payments with a Simple Choice plan. For example, you could pick up the state-of-the-art LG Tone Pro hands-free headset for $0 down and just $2.91 a month for 24 months with absolutely zero interest. You can find more information about T-Mobile’s new EIP payment option for accessories at your nearest participating T-Mobile store.”
Reading through the fine print reveals a couple of things that we weren’t sure on before today’s announcement. It states that – like EIP for handsets – the final balance on the installment plan is due if you cancel your wireless subscription. This suggests that the accessory financing agreement is tied to your handset agreement, meaning you won’t be able to just walk in and grab an accessory on EIP without taking out an EIP with a phone also.
Our sources were correct, however, that the minimum amount would be $69 and the maximum is $250. If you want a $300 accessory on EIP, you’ll need to pay a down payment to cover the difference of $50.
As previously mentioned, the new program goes live at T-Mobile stores from this coming Sunday, July 20th.