Are Discount Annual Phone Plans Worth the Risk? 6 Things to Know Before You Sign Up!

If you’re looking for ways to save money on cell phone service, you may have noticed that a lot of providers are offering discount annual plans. BestMVNO.com calls it the hottest trend in prepaid wireless. Visible by Verizon’s launch of annual plans follows providers like AT&T Prepaid, US Mobile and Mint Mobile. These plans aren't for everyone. Today, I share six things to know before you sign up for an annual phone plan. Compare the latest deals: michaelsaves.c...
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[@lisaboban]

That last point is key. Don't add to your credit card debt to save $6 per month.

[@gparyani]

One thing to note about Visible's plan specifically is that it gives you three months of free service if you lose your job. That only applies to the monthly variant of the plan, not the annual variant.

[@murraypassarieu9115]

I’ve been with Mint for two years and they’re awesome. Less than half what I used to pay!!

[@Sam-zm4zw]

I'm locked up for $20 for 2 years earlier so I'm good with the plan I got

[@HarmonsHarbor]

Mint is great. $15 a month when prepaid for the year. It includes 5GB of data per month and I rarely go over 2.

[@cb3981]

I’m on board to switch to Mint but I know my wife isn’t right now due to the deprioritization. I could learn to live with it. We have Verizon Unlimited plus right now and having unlimited priority data is really nice.

[@chalabrooks5433]

Michael, you have a voice for radio.😊💖 Keep the videos coming. I have learned a lot from you, and your videos are so organized when you present them.

[@saraibucciarelli1821]

I love Visible. Trying to decide about the anual plans.

[@MichaelSaves]

The Visible+ annual plan is a great savings, not so much for the base Visible plan.

[@robie46]

Where are you doing your banking where you get a 5% interest rate? My bank gives me a penny a month with a $1000 balance.

[@MichaelSaves]

I linked it in the description and it’s on MichaelSavesDeals.com. I use CIT Bank and Discover Bank. Most online banks are between 4-5% at the moment.

[@galupproperties3098]

Wealthfront does 5%

[@Aus10c]

Im getting 4-5% on a little over 70k

[@bigtye37]

Yeah I get free cell phone insurance through my credit card also

[@vincentballistrea9395]

Awesome video ! I would add with us mobile you are not stuck on one network. Being a user with them you can right now do an internal port from Verizon to T-Mobile and vise versa even on an annual plan for no cost. Lastly in June they are adding att. So with one plan you can have access to all three networks to pick from and try. To me that in itself is a good value. The other plans are good too that were mentioned in the video. They all have their pros and cons. It just depends on what you need.

[@MichaelSaves]

That's a really good point about US Mobile and something that's unique since most providers only use one network.

[@MichaelSaves]

@andrewcause25 Definitely unique, though most people are fine with just one good network -- no need for three. We'll see how consumers react to the changes.

[@ypark2877]

I think US mobile allows you to switch to different cell tower network types if needed.

[@MoviesAreDopeREACTS]

Kinda wild to pitch almost $14 in interest in exchange for $72 of higher costing phone service/year

[@MichaelSaves]

Interest is only one point. Hope you watched the rest of the video.

[@formermpc10]

I do not recommend Visible.

[@jack94123]

how come?

[@aidenwilson6805]

i mean considering people are going to verizon at 60-100 a month its really good

[@REAL-UNKNOWN-SHINOBI]

My thought is, if you're already going to lock yourself into an annual plan you might as well just go for the 2-year device contract anyways.

[@ECONOTANKCommander]

They accept PayPal credit so you can have 6 months to pay off the year.

[@denisse37921]

great insight to this issue! Thanks

[@JB-1184]

I tried visible for 1 day. I listen to youtube music alot. I had issues with youtube as it kept freezing often. So annoying. I had the basic 25 dollar plan. Does the 45.00 plan freeze like the cheaper 25.00 plan?

[@MichaelSaves]

The more expensive plan has priority data. May be worth trying.

[@JB-1184]

@@MichaelSaves Thanks for the quick response michael. I will try the 45.00 plan.

[@jack94123]

@@MichaelSaves I’ve been using visible for half year, the hotspot on my $25/m plan still the same, can only be connected to one device at a time. how can I connect the hotspot to more devices at a time? Do I need to upgrade my plan?

[@scoutdoorsman2345]

Hey is there a streaming service i can get where i can watch the history scenice national geogrpahic and american history channel in one service as well as sports teams?

[@MichaelSaves]

This article is a good place to start: michaelsaves.com/streaming/best-live-tv-streaming/ With sports, you're looking at the more expensive services. If you want regional sports networks, start comparing channel lineups with DIRECTV STREAM and Fubo.