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Is Apple's iPhone Upgrade Program worth It?

Apple's iPhone upgrade program
(Image credit: Apple)

Thinking of getting the new iPhone 12, iPhone 12 mini or iPhone 12 Pro, but wondering if you should wait for next year's iPhone 13 instead? Get both. 

Apple makes it easy to get an updated iPhone every year with its iPhone Upgrade program, which lets you choose the carrier you want. Apple also throws in AppleCare+, which will protect your new phone.

But carriers have been offering early-upgrade plans for years now, and at a lower price than Apple. So is Apple's iPhone upgrade program worth it?

If you're considering getting your new phone through Apple's program, here's what you need to know — and how it compares to other options.

What Is the iPhone Upgrade Program?

Introduced in 2015, Apple’s upgrade program lets you pay off a new iPhone in 12 monthly installments starting at $35.33 per month for the 64GB iPhone 12 mini. The 128GB version is $37.41 per month and the 256GB model is $41.58 per month.

The flagship iPhone 12 starts at $39.50 per month for 64GB, $41.58 per month for 128GB and $45.75 per month for 256GB.

The 64GB iPhone 12 Pro is $49.91 per month instead of $999 in one shot. The 256GB model is $56.16 per month and the 512GB is $64.50 per month.

You can pay $54.08 a month for the 64GB iPhone 12 Pro Max, rather than $1099 upfront. The 256GB version will cost $60.33 per month while the 512 version will cost $68.66 per month.

If you're the owner of an Apple Card, you can use it as your monthly payment method. You'll get 3% Daily Cash each time you use it for a payment. 

You'll be able to pick your carrier, since the device you get will be unlocked and supports 25 LTE bands.

That's a great solution for those who want an unlocked phone, but can't afford to plunk down hundreds of dollars at once.

More importantly, the iPhone Upgrade program lets you get a new iPhone every year (after 12 installments) without being tied to one carrier. Apple also throws in its AppleCare+ warranty, which includes up to two years of hardware repairs, software support and up to two incidents of accidental damage coverage (subject to an additional service fee). 

iPhone 12 line and pricing

(Image credit: Apple)

I already enrolled in the iPhone Upgrade Program. Now What?

Generally speaking, you can upgrade your phone once you’ve paid 12 monthly installments. You bring your iPhone into an Apple Store or request a mail-in kit and then upgrade to whatever you’d like. Apple also allows iPhone Upgrade Program participants to upgrade after six months or longer, if you’re willing to make all payments due by the 12-month mark early.

If you enrolled in the iPhone Upgrade Program last year, keep an eye on your email because Apple will let you know when you’re eligible for an upgrade. If you haven’t gotten an email or you’d like to check manually, you can pop over to a page on Apple’s website where you can answer a few questions and check your eligibility status.

How Is Apple's iPhone Upgrade Program Different From Other Options?

In general, Apple's offering varies from what you might get from a wireless carrier by offering better protection for your iPhone with AppleCare+, and the freedom to jump carriers and pick the best rate plan for you. You’ll also have the benefit of a carrier-unlocked phone, which works more flexibly and carries a higher value on the reseller market.

When considering the value of an unlocked iPhone Xs or iPhone Xs Max, bear in mind this important distinction: An unlocked iPhone designed to work on T-Mobile and AT&T’s GSM networks will not work on Sprint or Verizon Wireless CDMA networks. And to make it even more confusing, unlocked phones on Verizon or Sprint’s networks will work on AT&T and T-Mobile.

If you pick Apple's program you will only be able to upgrade to iPhones, whereas many carriers will let you update to a different brand. You'll want to look elsewhere if you think you might want to switch to Android down the road.

T-Mobile's iPhone Upgrade Plan

T-Mobile's Jump program lets you upgrade to a new phone after 12 months worth of payments on a 12-month installment. It's similar to Sprint's offer in that you need to return your current phone in good condition, but it includes damage coverage in the monthly fee. 

MORE: T-Mobile Phone Plan Buying Guide

Coming in second on our network performance test in major American cities and offering unlimited data plans, T-Mobile's 4G LTE footprint will serve data sharks well.

AT&T's iPhone upgrade plan

AT&T offers major upgrade plan option is called Next Up. With the Next Up plan, you can trade in your phone when 50% of the full retail price is paid off (typically after about 12 months.) AT&T also a few other upgrade plan options for you to peruse, but Next Up is most like Apple's iPhone Upgrade program.

MORE: AT&T Phone Plan Buying Guide

This variety of options gives you the flexibility to choose between paying less each month or settling your debt more quickly. With AT&T, you'll own your device after making all payments, and are not tied to iPhones as your only upgrade option.

Verizon's iPhone upgrade plan

Verizon's Annual iPhone Upgrade program also requires iPhone owners to make 12 months worth of payments to upgrade to a new iPhone. 

MORE: Verizon Phone Plan Buying Guide

Those looking for high-speed and reliable 4G coverage should opt for Verizon. Big Red blazed into first place on our carrier speed tests with its zippy network and wide-ranging coverage.

How do I sign up for Apple iPhone Upgrade Program?

iPhone Upgrade is available at Apple Retail stores in the U.S. and online through the company's website. When you go to and try to buy an iPhone, you'll see the option to buy via the "iPhone Upgrade Program" after you've selected your phone's model, color, capacity and carrier.

Is Apple iPhone Upgrade Program a good deal?

Because of its higher price tag, getting an iPhone 12 Pro or 12 Pro Max on iPhone Upgrade is not for the budget-conscious. Sure, it comes with AppleCare+ (a $199 value) but not all people need that type of protection. You can find a cheaper option on nearly any other carrier, and won't be limited to just upgrading to iPhones in the future (with the exception of Sprint).

Overall, the best value is at T-Mobile, with its combo of low price, speedy network, flexibility and extra features, making it a good all-round deal.

Apple's program is best for those who are tough on their phones and need extra peace of mind.

  • jldevoy
    Do you keep the old iphone to give to your kid/parent etc. or do Apple take it back?
  • Michael_30
    I think a point left out here is the fact that Apple is letting users upgrade after only paying half the cost for the phone. Other than Sprint, this isn't happening. With Verizon, you have to pay it off, no? With AT&T, it's closer to 60%. Yes, Sprint let's you upgrade, but that's because they are just trying to get people on their lousy network. If they ever start to have a good network and more people subscribing, they won't have such low options.

    For people wanting to upgrade more often, who value Apple Care, and don't want to be tied down to one phone company (or any combination of the three), this upgrade program is surely the best deal.
  • carl_diaz
    You turn in your old phone ...
  • Mailyfesux
    "When considering the value of an unlocked iPhone Xs or iPhone Xs Max, bear in mind this important distinction: An unlocked iPhone designed to work on T-Mobile and AT&T’s GSM networks will not work on Sprint or Verizon Wireless CDMA networks. And to make it even more confusing, unlocked phones on Verizon or Sprint’s networks will work on AT&T and T-Mobile."

    This is incorrect. There are only two models of the Xs sold in the US. A1920(iPhone Xs) and A1921 (iPhone Xs Max) as per: These phones will work on any carrier.