AT&T Contract Buyout Policy in 2020: A Comprehensive Guide
In the dynamic world of telecommunications, understanding contract policies is crucial when considering a switch to AT&T. This guide will delve into AT&T's contract buyout policy, helping you make an informed decision in 2020.
AT&T's Contract Buyout Program: An Overview
AT&T offers a contract buyout program, allowing customers to switch to their services and receive compensation for early termination fees (ETFs) from their current provider. This initiative aims to attract new customers and provide them with an incentive to make the switch.
Eligibility and Requirements
To be eligible for AT&T's contract buyout program in 2020, you must meet the following criteria:
- Switch to a qualifying AT&T wireless plan.
- Port in your existing phone number.
- Trade-in your current device (if applicable).
- Be a new AT&T customer or returning after being inactive for at least 14 days.
Additionally, the ETFs you're seeking to be reimbursed for must be from a postpaid account with a qualifying carrier.
How Much Will AT&T Reimburse You?
The amount AT&T will reimburse you for your ETFs depends on the number of lines you're transferring. As of 2020, the reimbursement structure is as follows:
| Number of Lines | Reimbursement Amount |
|---|---|
| 1-4 lines | $200 per line |
| 5+ lines | $600 per line |
These reimbursement amounts are credited to your AT&T bill over 24-36 months, depending on your plan.
Trade-In Requirements and Reimbursement
To receive the full contract buyout reimbursement, you must trade in your current device. The trade-in value will depend on the device's make, model, and condition. AT&T offers an online tool to estimate your device's trade-in value.
AT&T's Early Termination Fee Policy
It's essential to understand AT&T's ETF policy if you're considering switching providers in the future. As of 2020, AT&T's ETF is as follows:
- For customers who sign up before February 2019: $325, decreasing by $15 for each month of service, up to a maximum of $150.
- For customers who sign up on or after February 2019: $325, decreasing by $10 for each month of service, up to a maximum of $150.
These ETFs apply if you cancel your service before your contract term is up.
Switching to AT&T: Step-by-Step
If you've decided to switch to AT&T and take advantage of their contract buyout program, follow these steps:
- Choose a qualifying AT&T wireless plan.
- Check your eligibility for the contract buyout program.
- Port in your existing phone number.
- Trade in your current device (if applicable).
- Activate your new AT&T service.
- Submit your ETF reimbursement request online or via mail.
AT&T will review your request and, if approved, credit your account over 24-36 months.
In conclusion, AT&T's contract buyout program in 2020 offers a compelling incentive for customers looking to switch to their services. By understanding the program's eligibility requirements, reimbursement structure, and trade-in policies, you can make an informed decision about switching to AT&T. Don't miss out on the opportunity to save on early termination fees and enjoy AT&T's extensive network and services.
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