How to Cancel iPhone Upgrade Program

Subscription in Few Steps

iPhone Upgrade Program Refund Policy

iPhone upgrade program has a policy that does not allow any fees, charges, or payments to be reversible and will not be refunded in any case. The user is responsible for payments, personal data, and other information during the program's initiation. It is better to think twice before registering for such programs and evaluate your financial situation well in advance. 

How Much Can You Save After Canceling Your iPhone Upgrade Program Subscription

One user must pay around $40 a month to continue their subscription to the iPhone Upgrade program. This makes the annual subscription cost around $480 and allows one to access an AppleCare+ subscription with the iPhone every new year. One must also pay the cost of an iPhone bought in the next two years. 

People who cannot afford the iPhone every year must not subscribe to such programs, as they eventually have to pay the full price of the iPhone, along with an additional $40-month subscription. You can use the money for other purposes or use your phone for longer.

Where To Invest That Amount

Once you have an extra $40 monthly and no installments for the latest iPhone, you will have enough money to start your investment journey. You must prioritize your interests, such as what type of savings you seek. You can invest in stock markets or high-yield savings accounts for short-term saving goals. Gold, mutual funds, real estate, or government bonds are the best investments for long-term savings. With time, you can grow your savings exponentially and enjoy a stable financial future. 

Alternatives to the iPhone Upgrade Program

Suppose you're looking for alternatives to the iPhone Upgrade Program, which allows you to finance and upgrade to a new iPhone annually through Apple. In that case, there are several other options to consider:

Verizon's Upgrade Program

Allows you to upgrade your phone after 30 months or when you've paid off 50% of the device's cost, depending on your chosen plan.

AT&T Next

Offers several phone upgrade options, including early upgrade plans after 18 or 24 months.

T-Mobile JUMP

The JUMP! The on-demand plan provides options for upgrading your device as early as six months or after 12 months with the JUMP! Plann.

Sprint Flex Lease

It allows you to upgrade your phone after 18 months or at the end of the lease term, which is typically 24 months.

Conclusion

Every individual from a lower-income background dreams of affording the world's luxuries. The latest iPhone or laptop can help you flaunt better in front of your peers. But it needs to be better financially. You must be very particular about your expenses and spend on things you can afford. It is wrong to depend on debt and installments for the latest phones or gadgets. With Beem, you can pay your bills on time and manage your expenses well. Using Beem as your financial buddy to handle every money-related challenge and build financial freedom is better.