When you’re shopping for a new phone, a good deal can make a big difference. A trade-in can too. But with One New Zealand Phone Dollars, there are more ways to build value towards your next phone.
Phone Dollars are One NZ’s currency that give you real money off your next eligible interest-free phone. One Phone Dollar equals $1 towards your next phone - and the more Phone Dollars you earn, the more you can bring down its cost.
That’s what makes Phone Dollars different from simply waiting for the next phone discount.
More than a discount on a new phone
A phone discount gives you money off a particular device at a particular time.
Phone Dollars give you the opportunity to build value towards your next phone over time.
You can earn Phone Dollars in different ways, depending on the offers available to you. That could include being a One NZ Pay Monthly mobile customer, adding eligible connections or services, trading in your current phone, roaming or taking advantage of special Phone Dollar offers.
The Phone Dollars you earn are held in your One Wallet, ready to put towards an eligible interest-free phone when it’s time to upgrade.
So when you're looking at your next phone, you're not necessarily starting from the advertised price or relying on one discount. You could already have Phone Dollars you've earned ready to bring that cost down.
Phone Dollars are more than the value of your trade-in
Trading in your old phone can be a great way to reduce the cost of a new one. With Phone Dollars, trade-in can become one part of a bigger balance you've built towards your next phone.
Take Katherine, who works at One NZ.
When Katherine was ready to upgrade from her iPhone 15, she had $1,700 Phone Dollars to put towards her new phone.
That wasn't just from trading in her old device. Her Phone Dollar balance included the value from her iPhone 15 trade-in, Phone Dollars she'd earned from adding two Companion connections, and a broadband boost she'd received.
She used those Phone Dollars towards a new iPhone 17. In Katherine's particular circumstances, after applying her Phone Dollars, her remaining interest-free phone repayments came down to just 6 cents per month.
Individual results will vary depending on your Phone Dollar balance, the phone and eligible plan you choose, your interest-free term and the offers available at the time.
But Katherine's experience demonstrates the difference earning Phone Dollars can make: the more you earn, the more value you can have ready to put towards your next phone.
What about a normal phone discount?
Phone discounts can still be valuable. The difference is that they're generally tied to the deal available when you decide to buy.
Phone Dollars give you another source of value: Phone Dollars you've already earned.
That means instead of only asking “What's the deal on this phone?”, you can also ask:
“How many Phone Dollars do I already have to put towards this new phone?”
And because one Phone Dollar equals one dollar, the value is easy to understand.
Have $200 Phone Dollars? That's $200 to put towards your next eligible phone.
Earn $500? That's $500 towards your next eligible phone.
The more you earn, the more you can bring down the cost of your next phone.
You might be closer to your next phone than you think
That's something One NZ customer and entrepreneur Cristal discovered when she started thinking about upgrading.
She hadn't been actively planning her Phone Dollar balance around her next phone. But when she visited a One NZ store, she discovered the value she'd built up could be put towards her upgrade.
Together with the value from trading in her existing phone, it meant she wasn't starting from scratch.
And that's ultimately the idea behind Phone Dollars.
Rather than waiting until you need a new phone to start looking for value, you can be earning value towards your next phone before you even know which phone you'll choose.
So before you start shopping for your next phone, check your Phone Dollar balance in your One Wallet.
You might have more towards your next phone than you think.
Start earning Phone Dollars
If you’re with One NZ - or thinking about joining - you can start earning Phone Dollars on eligible plans and put them towards your next phone. Find out more about Phone Dollars at One NZ at www.whatsinmywallet.co.nz and and see how close you are to your next interest-free phone upgrade.
Phone Dollars can be redeemed in-store with an eligible One NZ Pay Monthly plan. Balance can be used towards a new phone purchase with a minimum value of $199, on a 24- or 36-month interest-free term. Min. $99 deposit required and min. $1 monthly interest-free repayment over term. Max balance $4,999 Phone Dollars. Balance savings evenly spread over the agreed interest-free term. Balance of phone cost must be repaid if you exit, transfer or trade-down your plan before the interest-free term expires. Redeeming is available to the account holder of the service and is subject to a credit check. Eligibility criteria and terms apply, see https://one.nz/one-wallet/
Add a new service: Get $300 Phone Dollars for new eligible mobile plan or broadband plan added to your Pay Monthly account. New plans must stay active for at least six months. Terms apply, see https://one.nz/legal/terms-conditions/one-wallet/
Set up bonus: Get $30 *Phone Dollars for setting up Automatic Payments on your PayMonthly bill, or Auto Renew on your Prepay Plus plan. Terms apply, see*https://one.nz/one-wallet/
Roam: Get $5 *Phone Dollars for each day you use Daily Roaming. Terms apply, see*https://one.nz/one-wallet/