Walmart to Offer Unlimited, No Contract $45 Smartphone Plan

The retailer and Straight Talk are offering an all-you-can-eat voice and data plan for $45 per month. For $60, the companies offer included international calling to countries such as Mexico, Canada, and India. There is no contract required and the offer can now be applied to iPhone 4 and iPhone 5 models.

The catch: the plan does not include subsidies for a new phone. Customers will have to buy either a 16 GB iPhone 5 for $649 or an 8 GB iPhone 4 for $449. Walmart is offering free financing for both phones as long as customers own a Walmart credit card. The financing fee is $25 per month until the balance is paid in full. It will take a customer about 26 months to pay the phone off.

The bottom line is a $70 payment for the iPhone 5 for a little over two years, which is not as attractive anymore as $45, but you save yourself the $199 upfront device cost and you could pay only $45 per month after 26 months.

 

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29 comments
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  • ss202sl
    A $25 financing fee per month is a lot of money just in fees.
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  • cknobman
    ss202sl, you misread (although at first I did too, article is not clearly written).

    25*26 = $650 which is the cost of the phone (16GB). So the $25 is not fees .
    8
  • velosteraptor
    ss202slA $25 financing fee per month is a lot of money just in fees.


    the 25$ per month is the payment on the phone itself.. so after the 26 months you will have paid $650 for the phone. No interest. A pretty good deal in my mind.

    I think this is a pretty cool thing for walmart to do, as it will undoubtedly get more people onto the pay as you go scenario.

    I currently use straight talk, and i think its great. The one thing to mention though, it isnt really unlimited data. After 2GB, you will get a msg from them warning you to cut down on the data, and at a certain point they will severely throttle you down.
    1