Sprint Offers $360 Credit for Gullible Existing Customers

Sprint announced a new “loyalty service credit” for existing customers who want to keep their rate plans and still get new iPhones. The credit applies to those who opt for a relatively new option that allows customers to lease an iPhone 6 for two years. With the “loyalty service credit,” existing customers can lease an iPhone 6 for $5 per month, rather than $20 per month. Great offer, right? Not exactly. The problem is, for most existing customers, that’s actually no deal at all. They would be better off paying $20 per month for the leased iPhone and taking advantage of Sprint’s $50 per month iPhone plan, which includes unlimited data, talk and texting.