DEAL: T-Mobile iPhone 7 Starting at $0 With Trade-in

Update: Well that didn't take long - now all 4 of of America's big national carriers are offering the same deal in exchange for your loyalty for 24 months.

Happy annual iPhone festival!  Apple's recent iPhone 7 announcement has set the tech world abuzz.  T-mobile just announced their new iPhone 7 On Us launch offer which offers some sweet discounts on the new iPhone 7 when you trade in an old iPhone. 

In case you were stranded on a deserted island, here is the quick update on what's new in the iPhone 7:


Here's how the iPhone On Us promo works:

1.  Order the iPhone 7 On Us starting on September 9th, 2016 online at  You can also order in store or call customer care.  The new iPhone must be purchased on an Equipment Installment Plan (EIP).

2.  Trade in an old iPhone for significant savings.  The iPhone must be fully owned (fully-paid for).

3.  The discount is applied to your bill in the form of a monthly credit for 24 months. If you cancel your service, the monthly credits will end and remaining balance on phone becomes due.

future proof take:

Sure T-Mobile just reinvented the 2 year contract in the form of the EIP.  But they are giving you a serious bargain to earn your business.  For example, you can literally run out and buy an iPhone 5C on Craigslist or eBay for ~$150, turn around and trade it in for a $399.99-$419.99 credit toward a new iPhone 7 or 7 Plus.  Not bad right? 

Future Proof, MD

Dr. Bo Liu is an aspiring radiologist-in-training and the founder and editor of the White Coat Money Blog.  He has an interest in interventional radiology and helping his medical colleagues get ahead in this mad world of medicine and money.  When he's not crushing the list at the PACS station or typing up your next favorite blog post, you can usually find him at the local badminton club, movie theater or the most recently opened restaurant.