T-Mobile will Pay off your Google Pixel, Pixel XL, iPhone 7, iPhone 6S or iPhone SE if you Ditch Verizon, AT&T and Sprint

Google Pixel

T-Mobile’s John Legere is one eccentric guy and to show you just how far he’s willing to go, the Magenta carrier’s CEO has announced one crazy scheme that is aimed at stealing Verizon customers.

The Big Red is the largest carrier in the U.S., but T-Mobile is the fastest growing carrier in the same market space. To ensure that the carrier keeps on growing bigger, Legere has launched a campaign dubbed #GetOutOfTheRed. The main purpose behind this scheme is to get millions of people to quit Verizon in favor of T-Mobile and Legere has one perfect way of making this happen.

Starting May 31, anyone who owns a Google Pixel, Google Pixel XL, Apple iPhone 7 (Plus), iPhone 6S (Plus) and the budget iPhone SE and uses it on Verizon will be given a chance to make the switch to Verizon while at the same time keep their current phone and number. If you are tied to a Verizon contract, there’s nothing to worry about for Legere says that T-Mobile will clear the remaining amount in order to facilitate the migration.

Here’s how this will work. If you own a Google Pixel or iPhone 7 that you bought via Verizon Wireless’ monthly payment plan, you will be able to bring it to T-Mobile starting May 31. The Magenta carrier will then proceed to port your old phone number to its own network via the T-Mobile ONE plan and in so doing, you’ll get a new SIM card to use on your Pixel or iPhone. If you still owe Verizon, T-Mobile will then send you a digital prepaid MasterCard carrying the amount of money that you still need to pay The Big Red for the Google Pixel or iPhone 7/6S/SE phone within 15 days. There’s also the option to let T-Mobile pay off the early termination fee charged by Verizon.

This is a cool deal, but as always with such treats, there are a few catches involved. If you see this as the ideal deal, you’ll have to sign up for Magenta’s Premium Device Protection Plus insurance plan that ups your monthly bill by $15. In addition, your Google Pixel or iPhone SE must have been in use on Verizon for at least 60 days for this to work and of course, your account should be in good standing.

On May 31, AT&T and Sprint users will also join the party where T-Mobile will also pay off their remaining balance on phones and the termination fee, but those on these carriers will still have to finance a new phone on T-Mobile. The Magenta carrier has also upped the threshold on its unlimited data with respect to when customers start seeing reduced speeds, going from 30GB to 32GB. This is more than the 22GB threshold set by Verizon and AT&T as well as Sprint’s 23GB.