Sprint will be the last major U.S. carrier to offer an early upgrade program. T-Mobile has Jump, AT&T has NEXT, and Verizon has Edge.
Sprint's One Up lets customers pick up a phone with no money down and pay for the device in 24 monthly installments. A phone that costs $649.99, for instance, will cost $27 a month (with the difference tacked on to the 24th payment). If a customer leaves the service early, that person is on the hook for the balance of the device cost, due the following month. After a year, a customer can upgrade to a new phone by trading in the device.
One Up will be available to customers on Unlimited, My Way or All-In plans. It will reportedly provide a $15 discount which brings Sprint's unlimited talk, text, and data plan down to $65/month.
One Up is set to launch on September 20.