I just found out after initiating chat with TMo (through the app) that the rep from last night did
not set me up for EIP, which is required to get the full $649 credit amount for the trade in promo. My order had to be cancelled and re-submitted. Ugh! Good thing is shipping time for iPhone 7 256gb black is still shipping the 15th/16th. Since I got someone who speaks English as a first language this time, it went much more smoothly. I also got some better detail about the trade-in promo... hope you guys find it useful.
Here is how the iPhone 6/6S trade-in promo for the iPhone 7/7Plus works:
- The promo credit requires EIP and you cannot pay full retail and only receive statement credits, which I would have preferred.
- There are two components to the credit for trade in promo: (a) value of phone; and (b) the amount to make the full credit $649.99, which is a plug. For me, phone value assigned is $165, so the plug is $484.99
- The value of your iPhone trade in is given as a full credit when your trade in is processed. For me, the iPhone 6 64gb had a value of $165 which will be given as a lump sum.
- Immediate payment when iPhone is shipped: Obviously, you pay the cost of whichever iPhone you choose that is over $649.99 plus tax, plus sales tax if applicable. Also, a $20 "upgrade fee" if you do this on the phone like I did. For me, I paid $219.99 ($200 premium for the 256gb 7, plus $20; no sales tax for shipping to Oregon).
- $649.99 is charged to your TMobile bill over 24 monthly installments (approx $27.08/month).
- The amount in 1(b) above is provided as a credit amortized over 24 months (approx $20.20).
- Your net credits over the entire 24 months is $649.99 (1a plus 1b above), which cancels out the $649.99 charged to you in 5 above.
- Installments are financed in-house by TMobile, and do not go through a bank like the Apple upgrade plan.