Several major phone companies currently offer to "buy out" your existing contract or pay off your device balance when you switch to their service. As of April 2026, these offers often range from per line depending on the provider. Top Companies with Buyout Programs
: Promotes a contract buyout offer of up to $2,500 to help new customers transition from other carriers. phone company that will buy out contract
: Provides switcher deals that can include up to $800 in reimbursement for outstanding phone balances. Historically, this has required trading in the specific phone being paid off. How the Process Usually Works Several major phone companies currently offer to "buy
: Through its Carrier Freedom program, T-Mobile reimburses remaining device balances and early termination fees up to $800 per line for up to four lines. : Provides switcher deals that can include up
: Frequently offers "Switch and Save" deals that provide up to $800 via reward card when you port your number and activate a qualifying unlimited plan.
: Offers a high-value buyout of up to $2,500 for up to five lines ($500 per line). This is typically issued as a virtual Visa Reward Card after you submit your final bill showing your device balance.