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Sprint to fight T-Mobile with their own buyback program
Yesterday, we discussed T-Mobile’s new and rather aggressive trade-in program which promised to buy your old phone for the best price on the market (compared to other national carriers) plus an additional $50 off your T-Mobile bill.
Now, Sprint is also promising to meet or beat all competitors mobile trade-in values. Consumers can currently swap their current handset for $300 toward the latest model or in-store Sprint credit. While T-Mobile’s offer only allows one trade-in per active line (with a total limit of trade-ins per 10 active lines), Sprint allows users to trade in up to three phones per active line and up to five buyback trade-ins a year.
Sprint has had significant success in the past with their buyback programs. According to Sprint, more than 40% of customers currently participate in their buyback program.
Both T-Mobile and Sprint are looking to heavily cash in on the upcoming iPhone 6, Samsung Galaxy Note Edge, Sony Xperia Z3, and Moto X.