You must be a Spectrum Internet customer to get Spectrum Mobile, and you typically have to switch a minimum of 2 lines. Reimbursement: The payout arrives on a Visa Reward Card.

They are highly flexible and usually do not force you to trade in your current device to get the payout.

Spectrum will buy out your current phone contract for up to $500 per line , covering up to 5 lines (for a total of up to $2,500).

Typically distributed via a prepaid card or bill credits over time. 🔍 Expert Consensus & Reviews: Is it Worth It?

Known as their "Keep and Switch" program, T-Mobile will pay off your phone balance up to $800 per line for up to 4 lines.

When cell phone carriers talk about "buying out" a contract, they are usually offering to reimburse your remaining device financing balance or early termination fees (ETFs) when you switch to their network.