Sprint Takes on T-Mobile in Latest Promo, Offering Up to $550 to Switchers

Sprint’s latest promotion promises to pay T-Mobile customers a guaranteed $200 in trade-in for their smartphones, plus up to $350 to pay off any remaining installment payments owed on the phone.

In addition to its offer, Sprint touts its lower monthly bills, saying that its lowest unlimited plans, combined with a lease of a top-of-the line smartphone, run $80 per month, compared with $107 for T-Mobile’s unlimited data and monthly payments on a high-end phone. However, T-Mobile customers would own their phones at the end of two years. Sprint said the new offer will run through April 9.