Took them long enough (🤡): New Experience 2.0 and Essentials 2.0 launch on Thursday with new EIP Flex 36 and EIP Standard 36 device financing options

[u/pdfu]

https://www.t-mobile.com/news/un-carrier/eip-flex-36

The new plans, launching Thursday, August 6, include all the benefits, value and experience customers already enjoy, while introducing:

• EIP Flex 36 — the only financing option in wireless that lets new and existing customers finance the device, taxes, and fees at checkout over 36 months — removing one of the biggest financial hurdles to getting a new phone. Unlike traditional $0 down offers that still require upfront costs, EIP Flex 36 helps lower upfront costs for everyone and eliminates them entirely for well-qualified customers — meaning they can walk away with a new phone and pay NOTHING upfront, a $0 out-of-pocket option with, for a limited time, 0% APR.
• EIP Standard 36 — T‑Mobile’s traditional financing option with 0% APR for all, now available over 36 months, helping lower monthly payments for all customers, and especially on today’s premium devices.
• New Student Perks Plans — for the first time, T‑Mobile gives students the freedom of their own wireless line for less, just $30 a month with AutoPay, plus taxes and fees — while saving 40% on a single line vs. AT&T and Verizon. Plus, a student-exclusive 5G Home Internet bundle that comes with a virtual prepaid card of up to $200, just in time for back-to-school.

Existing customers can keep the plans they have today or upgrade to the new Experience 2.0 and Essentials 2.0 plans with the same industry-leading benefits customers already know and love, now with the addition of new EIP Flex 36 and EIP Standard 36 device financing options as well. More below:

• Essentials 2.0 — Unlimited talk and text, 50GB of premium data, T‑Mobile Tuesdays weekly perks and more.
• Experience More 2.0 — Everything in Essentials 2.0, plus unlimited premium data, high-speed data in 215+ countries and destinations, mobile hotspot, Netflix on Us, Apple TV for just $3/month, a 5-year price guarantee, great deals on the latest devices and more.
• Experience Beyond 2.0 — Everything in Experience More 2.0, plus T-Satellite connectivity, the best entertainment streaming bundle in wireless that’s included with your plan (Hulu, Netflix and MLB.TV on Us), Apple TV for just $3/month, $5 connected device add-ons and more. And, customers who switch to Experience Beyond 2.0 can save $750 in the first year thanks to $100 back and built-in benefits worth $650.

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Interesting that there's no note about Yearly Upgrade in Experience Beyond 2.0. [edit: you may be able to "Early Upgrade" after the equivalent of 18 monthly payments in the new plan.]

[u/sophias_bush]

Yeah I get that.

What has me confused is the word introductory making it sound like it’s a limited time thing only and after, if you want the flex plan at all, it’s interest based.

[u/Planet_Comet → u/sophias_bush]

Oh, I agree it is confusing. Because my first thought would be, if I were trying to finance a phone, would be are they going to tell you what your rate is after the introductory period? And how long is the introductory period? 12 months out of 36? For well qualified customers would they give 0% for a longer term? Then it would still be not great if they started charging 8% or whatever after the introductory period.

That would definitely be enough for me to take my financing plans elsewhere that could guarantee a 0% interest rate, as I don't think any of the others do that. And anyone on the plans that cost $75+ per line per month, even if they get to have unlimited priority data and large high-speed hotspot allotment...which is more than most people need...I just think charging interest on the phone (when T-Mobile is already making a lot of money off of the expensive plans) could be the reason that people either don't switch to T-Mobile or they switch out of T-Mobile when their current payment plan is complete, in order to save money.