Typically, the word “shrinkage” isn’t a good thing, however… if you’re a wireless provider it could actually be a selling point. Today, Sprint announced a new program known as “Monthly Unlimited with Shrinkage” for its Boost Mobile prepaid customers. As Boost’s website explains:
Boost will lower your monthly payment by $5 for every 6 on-time payments. Monthly Unlimited with Shrinkage customers can shrink their monthly payments from $50 to as low as $35/month. BlackBerry Monthly Unlimited with Shrinkage customers can lower their monthly payments from $60 to as low as $45/month.
The idea seems pretty ingenious, trying to retain budget conscious consumers using value-based incentives. The offering is available for both new and existing customers and all that is required is an on-time payment. Hit the read link to check out the potential savings.