Will Sprint’s Rate-Slashing Offer Get Customers to Switch?

What's Hot

2 Types of Black Marks Might Vanish From Your Credit File SoonBorrow

6 Ways the Obamacare Overhaul Might Impact Your WalletInsurance

7 Dumb and Costly Moves Homebuyers MakeBorrow

This Free Software Brings Old Laptops Back to LifeMore

Obamacare Replacement Plan Gets ‘F’ Rating from Consumer ReportsFamily

Beware These 12 Common Money MistakesCredit & Debt

21 Restaurants Offering Free Food Right NowSaving Money

17 Ways to Have More Fun for Less MoneySave

House Hunters: Beware of These 6 Mortgage MistakesBorrow

30 Household Uses for Baby OilSave

25 Ways to Spend Less on FoodMore

Nearly Half of Heart-Related Deaths Linked to These 10 Foods and IngredientsFamily

5 Surprising Benefits of Exercising Outdoors in WinterFamily

10 Ways to Save When You’re Making Minimum WageSave

Boost Your Credit Score Fast With These 7 MovesCredit & Debt

7 Painless Ways to Pay Off Your Mortgage Years EarlierBorrow

The Most Sinful City in the U.S. Is … (Hint: It’s Not Vegas)Family

The True Cost of Bad CreditCredit & Debt

10 Companies With the Best 401(k) PlansGrow

This Scam Now Tops ID Theft as the No. 2 Consumer ComplaintFamily

6 Stores With Awesome Reward ProgramsFamily

6 Ways to Save More at Lowe’s and The Home DepotSave

6 Healthful Treats for Your DogFamily

New Study Ranks the Best States in the U.S.Family

Thousands of Millionaires Moving to 1 Country — and Leaving AnotherGrow

Strapped for College Costs? How to Get the Most From FAFSABorrow

6 Overlooked Ways to Save at Chick-fil-AFamily

Ask Stacy: What’s the Fastest Way to Pay Off My Mortgage?Borrow

Where to Sell Your Stuff for Top DollarAround The House

8 Ways to Get a Good Price on a Shiny New AutoCars

Ask Stacy: How Do I Start Over?Credit & Debt

Secret Cell Plans: Savings Verizon, AT&T, T-Mobile and Sprint Don’t Want You to Know AboutFamily

30 Awesome Things to Do in RetirementCollege

14 Super Smart Ways to Save on TravelSave

The Rich Prefer Modest Cars — Should You Join Them?Cars

You’ll Soon Pay More to Shop at CostcoSave

10 Ways to Save When Your Teen Starts DrivingFamily

Sprint says it will cut consumers' wireless bills by 50 percent if they dump their current service in favor of Sprint. But there are some catches.

Sprint really wants you as a customer. In its latest bid to lure you away from its competitors, Sprint is promising to slash its wireless rates by 50 percent.

Calling it the “biggest wireless offer in U.S. history,” although it offered a nearly identical plan roughly a year ago, Sprint said that from Nov. 20 through Jan. 7, any customer who jumps ship from AT&T, Verizon or T-Mobile and joins Sprint’s network will see their wireless bills cut in half. The discounted rates could be in effect until 2018, depending on the life of its new customers’ contracts.

If you trade in your current smartphone, Sprint says it will pay up to $650 per line in switching fees in the form of a gift card.

“We are so confident that customers will have an amazing experience that we are encouraging them to give us a try with the biggest wireless offer in the history of our industry,” said Sprint CEO Marcelo Claure in a statement. “Customers switching to Sprint will never need to look elsewhere. They will learn what our 58 million customers already know – Sprint offers the best value and an award-winning network.”

In an effort to make sure its existing customers also feel the love, Sprint is offering a free tablet and a free year of data service if they sign a two-year contract.

“Our company would be nothing without our existing customers so we wanted to make sure we showed our appreciation to them, too,” Claure said.

Of course, there are a few catches with Sprint’s half-off plan. In fact, there are more than 900 words of fine print on the Sprint page detailing the offer. Although the deal applies to most competitors’ plans, there are some exclusions, like T-Mobile’s $95 unlimited data plan.

According to Re/code, if you switch to Sprint, you won’t necessarily see your cellphone bill cut in half:

Sprint is offering each potential switcher a choice of half off their carrier’s published rates, regardless of what the customer is currently paying or how much data they are currently getting. Claure said he expects half of switchers will choose to pay a bit more than half their current rate in order to get more data than they currently have.

It’s been nearly four months since T-Mobile surpassed Sprint to become the third-largest wireless carrier in the United States. But Sprint recently launched its LTE Plus network, which provides 77 U.S. markets with faster connection speeds.

Who is your wireless carrier? Are you tempted by Sprint’s new offer? Share your comments below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!


Read Next: Black Friday 2015: Apple Store Takes Smallest Bite Out of Prices

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,872 more deals!