o2 recycle bill credit.

[Lauren045]

I recently purchased a new phone with the intention that when I apply my student discount and recycle my old phone my monthly payments would be pretty much the same as I payed for my old device. I have recieved my student discount and am awaiting my bill credit from o2 recycle. I am unsure how this works. I was lead to believe you Can spread your bill credit across your contract term to reduce your monthly payments? Is this right? I am being sent £140 which will knock about 4 pounds a month off my bill each month. Is this how it works?

[MI5 · Accepted solution]

@Lauren045 

The credit will be used to pay your monthly bills until it is used up.

You will then pay the same amount from your bank each month so you'll get a few months with no airtime bill at all.