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I will be paying off the Tab Balance. How does it affect the Tab Bonus?

  • March 10, 2023
  • 3 replies
  • 683 views
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Hi everyone 👋

Newbie with Koodo here.

I would like to pay off my Tab Balance in full before the 24 months, and I don't plan on cancelling, upgrading or changing my plan. If I do this, I just wanted to confirm that I won't have pay back the Tab Bonus and no penalties? Is this correct?

Thank you in advance!

Best answer by Bernard Koodo

@Heartscollide You can pay off your tab anytime of course. Given that it is like an interest free loan, if you have access to extra funds you maybe better paying off something that charges you interest.  And let inflation eat away at your tab balance. :-) 

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3 replies

Mayumi
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  • Mayumi
  • Mobile Master
  • March 10, 2023

That is correct.

Once you paid off your tab balance, it will be on your next bill. 

Your tab bonus will decrease each month untill it reaches to $0 if you don't cancel or upgrade your phone.

H
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  • Heartscollide
  • Author
  • Beginner
  • March 10, 2023

Thank-you for confirming!

Mayumi
Bernard Koodo
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  • Bernard Koodo
  • Official Rep
  • Answer
  • March 11, 2023

@Heartscollide You can pay off your tab anytime of course. Given that it is like an interest free loan, if you have access to extra funds you maybe better paying off something that charges you interest.  And let inflation eat away at your tab balance. :-) 

H
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