Does Tab Credit Balance Cover Tab Charges of New Phone?

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  • Updated 2 years ago
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I have a tab with a credit balance exceeding $100. If I get a new phone that has a zero charge upfront and a $10/mo tab charge for 22 months, will that tab charge be covered by my existing positive tab balance until the tab balance reaches zero?
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Ron

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Posted 2 years ago

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Goran, Mobile Master

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You will have to pay off your current tab before you can use it on another phone, for better or for worse. The amount will be added to your next bill.
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David, Mobile Master

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If I understand correctly, your $100 Tab credit would be applied against your new purchase, reducing your liability by $100. This SHOULD leave $120 to be paid at $5 per month for 24 months.
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Goran, Mobile Master

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D'oh! I totally misunderstood. I'm sorry. dfbutt is correct I believe. The previous tab system, with a positive, you would pay off at a continuous rate until it was paid off, meaning it could be done before 24 months. In either case the tab contribution will not be covered by the current positive until it reaches zero but rather it either lowers what you pay monthly or you pay it off sooner.
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Ron

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OK -- Thanks  If I understand correctly then, if the tab charge for the new phone is $10/mo  for 22 months ($220) and I currently have a $100 tab credit, then the $220 is reduced by the $100 and the difference ($120) is my new tab to be paid over the 22 months
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Mayumi, Mobile Master

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Correct :) 
Your new tab to be paid over the 24 months tho.
$5 x 24 mo = $120
(Edited)

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