Mega Mobile | Regular Mobile Contract, SIM Only, and PAYG- a Side by Side Comparison
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Regular Mobile Contract, SIM Only, and PAYG- a Side by Side Comparison

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31 Oct Regular Mobile Contract, SIM Only, and PAYG- a Side by Side Comparison

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Usually, when deciding on how to use your mobile services, you are only torn between whether to go for PAYG or a mobile contract. But today, we’re going to give you a more in depth comparison between PAYG, regular mobile contract, and SIM only contract. Will it give you more headache in trying to make up your mind? Hopefully not!

PAYG
PAYG or pay-as-you-go is an option where you purchase your credits first before you are able to send texts, make calls, or surf the internet using your handset. Once these credits run out, you’ll need to top them up again before you can use your mobile services further. PAYG doesn’t require you to sign an exclusive contract with a particular network, but you do need to have an existing device that is unlocked and ready to use with any SIM card.

Pros:

    • You control the amount of credits you purchase
    • No need to pay for anything if you don’t use your phone
    • Easy to switch SIM cards when travelling abroad
    • You are not tied to a specific network

Cons:

    • Your service will stop when you run out of credits
    • You must have an existing phone or buy one separately
    • Your phone must be unlocked in order to use it with any type of SIM

Who is it for? PAYG is for anyone who has an existing phone, or has the money to pay for a new one in cash. It is also for those who constantly travel, hate commitments, and spend very little on their credits.

Regular Phone Contract
Meanwhile, a regular mobile contract is one where you have to apply and get approved by the network provider. With a regular mobile contract, you can choose from among a range of packages, and be given a phone for free or with little upfront payment as part of the package. You’ll need to sign a contract exclusively with one network and promise to make the monthly repayments for as long as the contract lasts, which is usually for about 18 or 24 months.

Pros:

    • You can have a new phone that you like, even an expensive one, without paying in cash
    • You don’t need to top up in order to use your services
    • Tariffs and unlimited packages are cheaper than PAYG
    • Gives you the option to get a new phone once you renew your contract
    • You may be able to call contacts under the same carrier for free as part of the network’s freebies
    • May be more cost-effective if you use up a lot of credits

Cons:

    • You’re bound to make payments to your provider for as long as the contract exists
    • An upfront payment may be required if you’re applying for the newest handset
    • You will be credit checked and might get rejected if you have bad credit
    • You run the risk of exceeding your monthly allowance and pay more than what you signed up for
    • You’ll need to have your phone unlocked if you want to switch networks after the contract ends
    • Failing to pay your monthly bills on time can ruin your credit score
    • There’s a large fee involved if you want to terminate the contract earlier

Who is it for? A regular mobile contract is ideal for heavy users who will most likely need an all unlimited package that will give them the most savings. It is also for those who need a new phone but want to spread the cost into affordable installments. Most importantly, a regular mobile contract is suitable for people who do not travel a lot and who are sure to meet the repayments required monthly.

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SIM Only Contract
On the other hand, a SIM only contract is similar to a regular mobile contract, except that there’s no handset included in the package. SIM only deals are therefore cheaper because the cost of the device is not included in the plan. Also, the terms are shorter, with the option to sign up for 30 days, three months, six months, and 12 months. With a SIM only contract, you’ll need to have an existing phone that is compatible to use with the network of your choosing.

Pros:

    • Cheaper tariffs than PAYG and regular mobile contracts
    • More flexible contract terms
    • There are no strict credit score requirements
    • No need to top up credits

Cons:

    • You need to have your own phone that is unlocked
    • Failing to pay your monthly bills on time can ruin your credit score
    • You also run the risk of exceeding your monthly allowance and pay more than what you signed up for
    • You are still tied with your provider for a while and will need to pay termination costs if you want to unsubscribe early

Who is it for? A SIM only contract is best for mobile users wanting to experience the best of both worlds- the convenience of not having to top up on credits while still having the flexibility to opt out of the service for as short as 30 days.

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