How much is a down payment for T-Mobile? (2024)

How much is a down payment for T-Mobile?

Get the latest smartphones as low as $0 down.

What is the minimum credit score for T-Mobile?

T-Mobile does a hard credit check on new customers for many of their products and services. T-Mobile does not specify a minimum qualifying credit score, but generally, you need to have a credit score above 600 to qualify for a monthly plan with any phone carrier.

How much is a downpayment on a new phone?

Down payment if required will be either 30% of sales price or a dollar amount currently ranging from $200 to $1,400 (amount subject to change and may be higher).

How much is T-Mobile monthly payment?

Is a down payment required for a phone?

With some types of smartphone financing, no down payment is required. With others, you may have a revolving line of credit. Financing terms can vary based on where you're purchasing the phone and how much you're paying for it. For example, you may have to repay the balance over 24 or 48 months.

Can I get a cell phone with 550 credit score?

For example, Sprint considers a credit score of 700 and above as “excellent” and anything below 550 as “fair.” AT&T may require a deposit for credit scores below 600. Options for getting a phone line with bad credit include prepaid plans, buy now pay later plans, joining a family plan, or using a cosigner.

What is a qualifying purchase for T Mobile Money?

A "qualifying transaction" is any T-Mobile or Metro by T-Mobile payment, an instant payment to friends, or a purchase of goods or services made through use of the T-Mobile MONEY Mastercard® Debit Card, whether you use the physical card, the card numbers (as with a “card not present” transaction on the Internet), or an ...

Can I get T-Mobile with bad credit?

What is Smartphone Equality™? Smartphone Equality is a program that helps our T-Mobile and Metro by T-Mobile prepaid customer move to our postpaid service and you get our best available pricing on new smartphones, devices, and additional lines—that means $0 down on select devices and no credit check.

How to get a phone with no money?

Find out if you are eligible for Lifeline

Lifeline can help pay for your landline, cell (wireless) phone, or internet service. You may be eligible for Lifeline based on your income and household size or if you receive benefits from a federal assistance program.

What is the easiest phone carrier to get approved with?

T-Mobile also offers prepaid plans, which do not require a credit check at all, providing an excellent option for those who want to avoid any potential hurdles. Another cell phone company that stands out for its easy approval process is Boost Mobile.

Does T-Mobile have a $15 plan?

Starting March 25, 2022, customers can choose from a $10 plan with 1000 minutes & 1000 texts and up to 1 GB data, a $15 plan with unlimited talk & text and up to 3.5 GB data, a $25 plan with unlimited talk & text and up to 6.5 GB data, or a $35 plan with unlimited talk & text and up to 12GB data (plus taxes and fees on ...

Does T-Mobile run a credit check?

We run a credit check to verify your identify and determine eligibility for service financing. Your security is our priority. We have enhanced our processes to protect your identity when running a credit check.

How much is T-Mobile activation fee?

T-Mobile's $35 activation fee explained — here's when you'll get dinged. If you're thinking about making the switch to T-Mobile, better do it sooner rather than later if you want to avoid an extra fee.

Do you need 20% down payment?

A 20 percent down payment may be traditional, but it's not mandatory — in fact, according to a 2023 report from the National Association of Realtors, the median down payment for all U.S. homebuyers is 14 percent of the purchase price, not 20.

Can I buy a phone from T-Mobile without plan?

Yes, you can buy phones from T-Mobile without a plan. They do charge you more for not being a customer.

Why can't I get a phone contract at 18?

When you turn 18, you'll be able to get a mobile phone contract in your own name. Whether you're using your mobile phone to download, stream, or keep in touch with friends, if you don't want to face palpitation-inducing phone bills at the end of the month, you'll need to take charge of your mobile bill.

How does T-Mobile down payment work?

Down payments depend on the chosen device and your credit qualifications. Your down payment is due immediately and won't be reflected on your T-Mobile bill. For lower monthly payments, make a bigger down payment by calling us or stop by a T-Mobile store.

Does T-Mobile do a hard or soft credit check?

They actually do a hard pull. This happened to me this weekend. The sales guy claimed a soft pull but I got alerted that night by my credit monitoring service (CreditKarma) that a new ding was on my credit score, a hard pull by TMobile. This negatively affects your credit score by 5-10 points for 1 year.

Does T-Mobile require SSN?

T-Mobile has a variety of Prepaid and Postpaid product and service offerings for customers who do not currently have a Social Security number (SSN). You can visit your local T-Mobile store to discuss options with a representative and determine which offering is best for you.

Why am I not eligible for T-Mobile MONEY?

Not everyone who applies for a T-Mobile MONEY Checking account will qualify. To qualify for a T-Mobile MONEY Savings or Shared Savings account, you need to have a checking account that is in good standing and has been funded.

What is the maximum deposit for T-Mobile MONEY?

Get a money order*, made out to yourself using your legal name, from a retailer or the USPS (you may incur a small fee) and then deposit the money order using the mobile check deposit feature (daily limit of $3,000.00) in your T-Mobile MONEY mobile app.

What carrier does not check credit?

Prepaid cell phone plans don't require a credit check. That's because you pay in advance for your service, usually on a monthly basis, so there's no risk for the cell phone provider. The three major carriers — Verizon, T-Mobile and AT&T — offer prepaid plans, often for less than their traditional plans.

What is jump with T-Mobile?

T-Mobile's JUMP allows you to upgrade your device when you want. It also provides additional protections, such as security and damage coverage.

Does paying T-Mobile build credit?

Unlike your mortgage or car payments, paying your cellphone bill regularly each month alone may not help increase your credit score. Typically, cellphone providers don't report your payments to the bureaus — though newer services like Experian Boost can help you manually add your cellphone account.

Is there a way to get iPhone 14 for free?

Free with new line + bonuses

Verizon is offering a free iPhone 14 when you add a new line of service on a qualifying plan. You can get the basic iPhone 14 or the 14 Plus for free with any 5G unlimited plan, but you'll need to have a new line and Select Unlimited Plan to qualify.