Here Comes Jump On Demand: T-Mobile’s New Upgrade-3-Times-A-Year Program

T-Mobile just recently boosted its existing Jump! smartphone upgrade program by introducing a brand new version that lets customers upgrade to a new handset multiple times in a span of twelve months.

The new program is called Jump! On Demand, and it gives T-Mobile subscribers a chance to upgrade their mobile devices up to thrice in one single year. The carrier's new offering is truly a departure from what other networks are offering. Indeed, other plans allow customers to upgrade to a new phone only after they have paid off a set percentage of the device's total cost, or after completing a specific period of time (say, a couple of years).

T-Mobile's Jump! On Demand program officially starts on June 28th of this year, and no doubt lots of the carrier's customers are a bit curious about the program. But it should be noted that this latest smartphone upgrade offering from the carrier does not come without any catch. 

Perhaps the most significant caveat is that in order to enter into the Jump! On Demand program, T-Mobile's customers will have to buy a new handset. This could be a bummer to existing subscribers who already own a T-Mobile smartphone and are thinking of getting an upgrade starting on June 28. Also, those who decide to upgrade via this program will need to bring in their existing handsets. 

Moreover, the Jump! On Demand program is only available for a limited list of mobile devices. As a matter of fact, T-Mobile has only included the iPhone 6 and iPhone 6 Plus from Apple, the Galaxy S6, Galaxy S6 Edge and Galaxy Note 4 from Samsung, and the G4 smartphone from LG. The carrier did mention that more smartphones will be added to this list in the months to come.

Under T-Mobile's Jump! On Demand program, customers are made to complete regular payments every month on a handset for a period of 18 months. After that period has passed, subscribers may turn in their devices and cease the service, and then upgrade to a newer handset for a new plan, or complete a final payment. This final payment is more or less equal to the final six months worth of payments -- if customers take care of that, they get to keep the smartphone. Another advantage that the new T-Mobile upgrade program offers is that the upfront costs and taxes that subscribers usually deal with in regular installment plans are all removed from the equation.

The standard Jump! program offered by T-Mobile only let customers upgrade to new handsets after one year, or after they have paid off 50 percent of the smartphone's cost. Customers also paid $10 extra per month, but it did come with insurance. 

With Jump! On Demand, the $10 monthly fee is removed, but also gets rid of the insurance element. If subscribers want insurance anyway, they have to be prepared to pay another $8 per month. 

Subscribers who are currently under the regular Jump! program may choose to shift to Jump! On Demand the next time they upgrade to a new device. Lastly, T-Mobile is also launching a new limited time promo that offers the 16 gigabyte edition of the iPhone 6 for $15 a month. If you want to know more about other existing T-Mobile deals, you can start browsing plans and phones from the carrier at MyRatePlan now.