Want the new iPhone every year, but stuck on a two-year contract?
O2s latest initiative, dubbed ‘Refresh’, allows its customers to upgrade their phone before the end of their 24-month contract. They attempt to make the model work, by splitting the contract into two plans:
- Phone Plan, which covers the cost of your chosen smartphone over a 24-month period
- Airtime Plan, which covers your minutes, texts, and data over the same 24-month period
When its customer wants to upgrade their phone, O2 simply require that they pay off the remainder of the phone (which is of course reasonable), though they can then trade it back in under ‘O2 Recycle’ for up to a £260 reduction on their new phone plan – though eBay may prove more fruitful.
The remainder of the Airtime Plan, however, is wiped clean – on the understanding that your paying for a new plan (which will restart a new 24-month period) – with no Early Termination Fee (ETF).
O2 Refresh is available on certain smartphones only, and on three different ‘Airtime’ plans, priced at £12, £17, and £22.