Telstra’s Lunar New Year deal: save $480 on the iPhone XR


Lunar New Year is less than a week away, but the celebrations have already started at Telstra. The massive Aussie telco is ringing in China’s Year of the Pig with a limited-time online offer for iPhone fans: a saving of $480 on the iPhone XR in good-luck red.

From now through to 5 February, 2019, you can pick up the (PRODUCT) RED edition of the 128GB iPhone XR on Telstra’s Medium postpaid plan from just $88 per month. If you opt to lease out the device over 24 months, you’ll pay $88 monthly ($79 for your plan, and $9 per month for your iPhone); if you decide to buy your phone over a two-year contract, you’ll pay $98 each month for your plan and device.

$20 monthly discount on buy and lease plans

This deal gives customers a $20 monthly discount on the price of their iPhone, regardless of whether you lease or buy the handset. So over a 24-month plan, you’ll save $480 in total. Customers should, however, be aware of the difference between buying and leasing: a lease plan will save you $10 per month, but means you won’t technically own your iPhone after your two-year plan expires.

Instead, you’re basically renting your phone for a 24-month period. Once that rental period is up, you’ll need to return it to Telstra, or opt to buy it for a nominal ‘fair market’ price. If you do decide to hand it back, you’ll have nothing more left to pay if the phone is undamaged; however, if your leased iPhone isn’t still in good working order, you’ll need to pay a fee of at least $229.

If you do go for a lease plan, you also have the option of upgrading to a new iPhone at the 12 and 18-month marks. You’ll need to pay a $99 upgrade fee to swap to a new device at 12 months, or wait until 18 months and upgrade for free.

How does this deal compare?

Over at Optus, you can take save 15% on the super-sized 200GB iPhone plans over 24 months. Available with the iPhone XR, iPhone XS, and iPhone XS Max, the two-year plan is normally priced at $125 per month, but is currently discounted to $106.25 (not including any device payments). This equals a total two-year saving of $450, and the plan itself includes plenty of features: 200GB of data each month, unlimited standard national and international talk and text, and 4GB of monthly overseas data roaming.

Optus’ plans also include unlimited data-free music streaming from Spotify, Google Play Music and iHeartRADIO, plus unlimited access to Optus Sport and the National Geographic app. You’ll also get data-free mobile TV streaming from Netflix, Stan and ABC iView when you sign up online, and – like Telstra – you can choose whether to buy your device on a regular two-year contract, or save $10 per month by leasing.

If you are interested in Optus’ 15% plan discount, its available to new and re-contracting customers from now until February 3, 2019. So if ‘new year, new iPhone’ is your Year of the Pig plan, you’ll need to move quickly – both Telstra and Optus’ iPhone offers expire next week.

Share this article

News & Tips

Sign up to receive more news like this straight to your inbox

By subscribing you agree to the Canstar Privacy Policy.

Thanks for signing up!

Good things are coming your way.