We’re only in the second day of 2024, but competition is already heating up in the prepaid wireless space. Mint Mobile, the wireless company that operates on T-Mobile’s network and is partly owned by actor Ryan Reynolds, announced Tuesday that it is reinstating its “deflationary” pricing plan. This deal reduces the monthly price of any plan to $15 per month for a new user’s first three months.
The $15 monthly fee is what Mint typically charges for 5GB of high-speed data when purchased on a 12-month plan. The most expensive unlimited option is typically $35 per month when purchased in six-month increments or $30 per month as part of a 12-month offer.
Meanwhile, Verizon-owned prepaid brand Visible started 2024 with its own aggressive offer: unlimited data for $20 a month for new users who sign up with a code. visible 24. This is a savings of $5 per month off the regular $25 fee including taxes and fees. If you need faster data, including access to Verizon’s high-speed 5G Ultra Wideband service, you can use the same promo code to get a Visible Plus plan for $35 per month per line for two years. That’s $10 off your regular monthly price of $45. rate.
Visible’s contract runs until January 31st, and there is no set end date for the Mint Mobile promotion. Both companies require you to become a new user to take advantage of the benefits.
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The new deal comes as the prepaid wireless industry looks poised for an interesting 2024. Verizon has struggled to expand its prepaid business, with Best MVNO noting last year that it would not see growth in the space beyond the third quarter of 2022. That pressure will only increase further. Rival T-Mobile is working on acquiring Mint Mobile, but the status of the deal is unclear. The potential $1.35 billion deal was expected to close by the end of 2023, but had yet to be finalized as the new year began.