Shopping Discussion

Cancelling phone contract the next day

  • Last Updated:
  • Mar 28th, 2018 1:08 am
[OP]
Sr. Member
Apr 24, 2013
579 posts
288 upvotes
Toronto

Cancelling phone contract the next day

So there are many deals now where you sign up for a 2 year contract to get a cheap phone.

Can I cancel the next day and just pay off my tab?

What will happen to any gift cards I receive (such as Walmart offering a gift card for new activation of a Rogers cellphone line)?

What is the fineprint there, what do I need to know...?
I got Fido and Public Mobile. [removed solicitation] ????
8 replies
[OP]
Sr. Member
Apr 24, 2013
579 posts
288 upvotes
Toronto
soupmaster666 wrote:
Mar 27th, 2018 4:37 pm
Carriers have early termination fees for subsidized phones. The penalty is usually a set amount, multiplied by the number of months remaining. It used to be that you would pay more than if you just bought the phone, but recent CTRC laws made this illegal. Now it will be the highest possible phone price, divided by the total months remaining on the contract.

You can call carriers or check their websites for the fine print to get the actual numbers.

The easy-to-read law is here: https://crtc.gc.ca/eng/phone/mobile/codesimpl.htm

Some rough details are here: https://www.cellphones.ca/cell-plans/p/ ... ntract-10/


You will see people advocating for this here on the forums, but only when the cell phone contract is accompanied by a cash-equivalent benefit like a $200 or $250 gift card. You do pay full price for the phone, but the effective price is reduced by the value of the gift card.
Thanks for the explnation.

So for example, with Koodo $360 tab, and a $500 phone. How much would I need to pay if I were to cancel the contract right away?
I got Fido and Public Mobile. [removed solicitation] ????
Deal Expert
Aug 22, 2011
28569 posts
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Ottawa
john5170 wrote:
Mar 27th, 2018 6:58 pm
Thanks for the explnation.

So for example, with Koodo $360 tab, and a $500 phone. How much would I need to pay if I were to cancel the contract right away?
Koodo's tab system works different than its parent company and the other carries.
You obviously took advantage of this deal from reading the mega Essential Koodo thread, so not sure why you decided to create a thread?
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User avatar
Jan 3, 2014
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Vancouver(ish)
john5170 wrote:
Mar 27th, 2018 4:02 pm
What is the fineprint there, what do I need to know...?
If you want to know what the fine print is, the solution is simple. Read your contract and theT&C for the promotions you may have taken advantage of. You can only get general information in online forums, and only the terms of the contract/s are relevant.
Proud RFD member since January 31, 2007. Feel free to add 3,034 to my post count.
[OP]
Sr. Member
Apr 24, 2013
579 posts
288 upvotes
Toronto
vkizzle wrote:
Mar 27th, 2018 7:22 pm
Koodo's tab system works different than its parent company and the other carries.
You obviously took advantage of this deal from reading the mega Essential Koodo thread, so not sure why you decided to create a thread?
I did not yet take advantage of this deal. I have a good plan with another company, and will most likely cancel the plan with Koodo. I only want the phone.

So I want to know if there is a "catch" before I sign anything. Because otherwise, $360 tab, with a $300 gift card, is just too good to be true... Can anyone please explain??
I got Fido and Public Mobile. [removed solicitation] ????
[OP]
Sr. Member
Apr 24, 2013
579 posts
288 upvotes
Toronto
ALLCAPS wrote:
Mar 27th, 2018 8:02 pm
If you want to know what the fine print is, the solution is simple. Read your contract and theT&C for the promotions you may have taken advantage of. You can only get general information in online forums, and only the terms of the contract/s are relevant.
I do not have a contract yet. Can you post a link to the T&C? because I don't think it is available online...
I got Fido and Public Mobile. [removed solicitation] ????
Deal Expert
Aug 22, 2011
28569 posts
14340 upvotes
Ottawa
john5170 wrote:
Mar 27th, 2018 9:42 pm
I did not yet take advantage of this deal. I have a good plan with another company, and will most likely cancel the plan with Koodo. I only want the phone.

So I want to know if there is a "catch" before I sign anything. Because otherwise, $360 tab, with a $300 gift card, is just too good to be true... Can anyone please explain??
The deal is the phone!
[OP]
Sr. Member
Apr 24, 2013
579 posts
288 upvotes
Toronto
vkizzle wrote:
Mar 27th, 2018 9:43 pm
The deal is the phone!
I don't get it...

Can I also take advantage of a gift card offered by a third party retailer if I cancel my plan? or how does that work?
I got Fido and Public Mobile. [removed solicitation] ????
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User avatar
Jan 3, 2014
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john5170 wrote:
Mar 27th, 2018 9:43 pm
I do not have a contract yet. Can you post a link to the T&C? because I don't think it is available online...
Er...you're the one who knows about the promotion, so why would anyone else be able to post a link to the T&C?. The promotion (assuming it's online) will have links or other information available. If it doesn't contact the retailer for the T&C and ask them what will happen with all the bonuses and your 'tab' if you cancel the next day.
So there are many deals now where you sign up for a 2 year contract to get a cheap phone.
Exactly. And many of them are regional (typically based on province) so could be different from area to area.

If you have specific questions about "what if..." scenarios, contact the retailer or the service provider and ask them. That's the only way you'll get accurate information.
Proud RFD member since January 31, 2007. Feel free to add 3,034 to my post count.

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