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It will cost about half of a phone's retail price for a year before trading it in for something else

Three of the four major U.S. carriers have already introduced early upgrade plans, so the straggler (Sprint) has decided to offer one too.

According to CNETSprint will launch its early upgrade plan -- called "One Up" -- on September 20, and it looks to be a better offer than that of its competitors. 

One Up will allow both smartphone and tablet Sprint subscribers to enjoy some perks, such as no down payment, no extra monthly fee and a discount on the monthly plan cost. It allows subscribers to upgrade after 12 months.
In fact, CNET reports that One Up will cost about half of a phone's retail price for a year before trading it in for something else. 

Sprint's new One Up plan is an attempt to follow the other three major U.S. carriers, who've already released early upgrade plans of their own. 

T-Mobile was the first to announce its "Jump" plan in early July. Its early upgrade plan lets customers upgrade every six months for an extra $10 fee each month on top of their regular, monthly wireless charges. It applies to smartphones only (no tablets).

Shortly after, AT&T unveiled its early upgrade plan called "Next," which lets customers trade in their smartphones and tablets every 12 months on a post-paid basis -- meaning they pay a monthly fee on top of their regular AT&T plan based on a 20-month cycle. It doesn't lay any extra fees on the customer other than the retail price divided by 20, but customers will be forced to pay the remaining months’ fees. 

Later came Verizon's "Verizon Edge" plan, where the full retail price of smartphones and basic phones is split into 24 monthly payments, and added to the usual monthly bill. After six months, with at least 50 percent of the phone’s price paid off, the subscriber can upgrade. 

Source: CNET

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Sprint Has Done This For Years?
By dezl337 on 9/16/2013 10:29:00 AM , Rating: 2
If my memory serves me right, when I had Sprint, I was always able to upgrade after a year.

RE: Sprint Has Done This For Years?
By rjwerth on 9/16/2013 10:56:41 AM , Rating: 3
Your memory is of a distant past...when Sprint had excellent coverage and not overloaded towers a generation behind the competition. It was when Sprint seemed to appreciate their customers, giving them such perks as a new phone every year. Alas, that was many, many moons ago.

RE: Sprint Has Done This For Years?
By Jeffk464 on 9/16/2013 11:03:22 AM , Rating: 3
I'm going tmobile next, they are by far the best priced and have good LTE coverage in my area. Thanks regulators for not letting att by them.

By Dr of crap on 9/16/2013 12:20:47 PM , Rating: 2
Exactly. This is for those that have to "get out" of their 2 year plan to get the new phone. WHY? Do they like to pay to much for a phone that will be replaced in 6 months?? Keep that phone for the normal 2 years and save your cash.

RE: Sprint Has Done This For Years?
By russki on 9/16/2013 11:17:01 AM , Rating: 2
This was their old Premier program. If you were a Premier member you could upgrade every year. They got rid of the program a few years ago. Thats when I got rid of their service.

RE: Sprint Has Done This For Years?
By wolrah on 9/17/2013 1:14:56 AM , Rating: 2
Premier was tied to your monthly rate, above a certain point it was just something you had. Sprint killed it soon after releasing WiMax phones, because with the then-new $10/mo 4G service charge anyone buying a high-end phone was effectively automatically in Premier.

I had the smallest minute plan I could have on my Evo and still qualified. I ended up using Sprint for a total of three years so I really do wish I'd have taken the one-year upgrade rather than dragging that old thing along until the GS4 came around and I made the jump back to the GSM world.

"The Space Elevator will be built about 50 years after everyone stops laughing" -- Sir Arthur C. Clarke

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