T-Mobile Home Internet Is Back Down to $50 a Month — Plus a $200 Sign-Up Bonus

Internet customers have a new budget option available, with T-Mobile recently lowering the cost of its home internet plan by $10, from $60 to $50 per month. As a bonus if you sign up, you’ll also get a $200 prepaid card. 

T-Mobile has changed the pricing of its internet offering a few times since the service launched, most recently in January when the cost increased by 10 bucks, from $50 to $60 monthly. These prices all include a $5 monthly discount for enrolling in automatic payments, and you can save an additional $10 to $20 monthly by bundling with a Go5G Next, Go5G Plus or Magenta Max phone plan. T-Mobile didn’t immediately respond to a request for comment on it latest price change.

The $50 price tag puts T-Mobile at the same price point as its main competitor, Verizon 5G Home Internet, which also offers two plans for $50 and $70 per month, with similar discounts for bundling with a cellphone plan. That’s well below the average price of $63 monthly for internet in the US.

T-Mobile uses its 5G cellular network to send internet to homes wirelessly. Since the service’s launch in 2021, T-Mobile has become one of the biggest internet service providers around — covering 60% of homes in the US, according to the most recent data from the Federal Communications Commission. That’s the fourth-largest footprint of any provider, behind only satellite internet providers, which are available virtually everywhere.

The downside of wireless internet is that it can’t reach the same top speeds as wired connections like cable and fiber. T-Mobile tops out at 245Mbps download speeds. That’s enough for most people but still a far cry from the multi-gig plans other providers offer. 

But increasingly it’s looking like those limited speeds aren’t much of an issue. A recent J.D. Power survey found that wireless customers were happier with their service than any other connection type, and T-Mobile had the highest score of any nonfiber ISP in the American Customer Satisfaction Index’s most recent survey.