Shortly after Apple announced the new iPhone 8 and iPhone x, T-Mobile CEO John Legere tweeted that the carrier would offer up to $300 off any new iPhone in exchange for an old iPhone trade-in. There's one huge catch though: the $300 credit will be broken up over the course of a 24-month payment plan. Like other carriers and Apple itself, T-Mobile is trying to encourage customers to pay for their phones through monthly installments.

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