In the past, it was thought that only those people who belonged to a low-income background would go for prepaid plans but over the years, this statement has been refuted due to a number of reasons- firstly, it is more economical to go for prepaid smartphones and secondly, it negates the hassle of paying an additional set of bills at the end of every month.
That said, there are a number of benefits and limitations attached with prepaid smartphones, all of which are mentioned below:
As has already been mentioned, the biggest advantage of using prepaid smartphones is that you will be able to save a lot of money in the short and the long run- but only if you know where to draw the line, of course. Those people who don’t wish to be under a contract for 12 months tend to go for prepaid smartphones as well. With the prepaid option, you can either update your minutes on a monthly or a daily basis- the choice is yours. The fact that there is hardly any difference between prepaid and postpaid smartphones makes the former even more desirable because you get the same features without paying the extra hundred dollars.
Prepaid smartphones also gives users the freedom to change their carrier as and when they feel the need because it is much easier to do so as a credit check is not asked for. However, if you go for the postpaid option and if your credit status is not as good as it should be, you will have to wait a little bit before you get your phone- what could be more frustrating than that?
On the flipside and this may seem confusing but the biggest limitation of purchasing prepaid smartphones is that there is a high chance that you end up paying more for the same service without realizing it. This is because everybody has a tendency to think that as long as they’re paying a little each time, the package will turn out to be cheap in the long run but truth is that it all adds up and you may pay more for a prepaid plan than if you’d gone for a contract instead. Prepaid smartphones are also quite limited in number so there is a good chance that the phone that you want may not be available under the service that you are looking for.