T-Mobile’s 5G Home Internet service is now just $50 a month, down from its previous price of $60. Customers who sign up today are also eligible to receive a for a $200 prepaid Mastercard as a bonus.

This price reduction is actually a reversal of the price hike that T-Mobile introduced in January 2024. Customers who sign up for T-Mobile home internet today will be charged just $50 a month (or $55 if they refuse to enable autopay). The $200 gift card will be sent to new customers after 60 days of active service and may be used anywhere that Mastercard is accepted.

The price of T-Mobile home internet regularly fluctuates between $50 and $60 a month. As CNET notes, price increases and reductions have been a yearly occurrence since T-Mobile began offering internet service in 2021. Existing customers who are protected by a Price Lock do not experience price increases, though some unlucky customers end up with a $60 monthly bill if they happen to join when prices are higher.

As for how this price reduction affects home internet customers who are currently paying $60 a month—we’re not sure. We’ve reached out to T-Mobile for clarification, and in the meantime, I suggest that curious customers give customer service a call.

Unfortunately, this price cut is not accompanied by T-Mobile’s traditional Price Lock Guarantee (which was dissolved earlier this year). Old customers are still protected by the old Price Lock, but new customers are placed under a different system where they may receive a month of service for free if they cancel after a future price hike.

T-Mobile customers can secure an additional $10 or $20 discount by bundling their home internet plan with Magenta Max, Go5G Next, or Go5G Plus cellular service. Similar bundles are offered through rival services like Verizon 5G Home Internet, which is currently the same price as T-Mobile 5G Home Internet.

You can sign up for T-Mobile home internet from the T-Mobile website. To be clear, this is 5G internet, not cable or fiber. The benefit is that it’s affordable and incredibly easy to set up. The downside is that typical download speeds hover between 72 and 245 Mbps, although these speeds are fine for casual internet use.

Source: T-Mobile via CNET