Unit interest financing for devices is the latest trend in the Canadian wireless world. Telus has easy payment (24 months), Rogers has Edge Financing (24 or 36 months) and now Bell SmartPay is here (24 months).
Bell SmartPay was launched earlier this week on Thursday and offers a 0% annual percentage (APR) device financing for 24 months on smartphones, such as Apple's iPhone XS.
With Bell SmartPay, customers have four plans to choose from. The first two are no profit plans with non-divisible data. After data caps exceeded, data is connected to 51
To share data, the following two plans are available with $ 10 / 100MB data surplus for the first 500MB, then $ 0.12 / MB after (or $ 12 / 100MB ):
There is also a promotional plan available at $ 70/5 GB with non-divisible data and $ 10 / 100MB for the first 500MB and $ 0.12 / MB afterwards.
With Bell SmartPay, like similar unit financing options from Rogers and Telus, customers will pay tax in advance.
Bell gives the example of an iPhone XS 64GB (valued at $ 1419.99) on SmartPay. You pay $ 0 down, 0% APR and $ 59.17 per month, plus the required monthly plan. So it can be $ 59.17 + $ 85 = $ 144.17 per month.
It is worth noting that Bell has increased the data surpluses on its divisible data plans after 500MB of profits, now billed at $ 12 / 100MB. Bell also charges $ 10 more for 10GB of non-profit to $ 85 with SmartPay, while Telus and Rogers are not $ 75/10 GB.