AT&T today announced a new 24-month option for those customers that elect to buy a new smartphone through the company’s Next device financing program.
According to a press release, AT&T will now offer customers the option to pay off their devices in 30 installments, in which case they would be eligible for an upgrade after two years. AT&T also offers Next 12, which includes 20 monthly installments and an upgrade after one year, and Next 18, which includes 24 installments and an upgrade after 18 months.
The new plans will launch Nov. 9. The interest-free Next plans range from $10 to $50 per month, depending on which device the customer chooses.
AT&T also announced a new bill credit. Beginning immediately, those customers who switch to AT&T and activate a new line of service with a smartphone on Next will receive a $150 bill credit.
The news comes after Verizon over the weekend announced a limited time offer that increased data caps on its $80 and $100 More Everything plans. The $80 now gets 10GB and the $100 plan gets 15GB. Verizon also threw in a $150 credit for customers who port their number to Verizon and sign up for an smartphone on its Edge device financing program.