T-Mobile (NYSE: TMUS) has announced a new program called “Score!”.

“Score! is a radically new Un-carrier approach to locking in lower costs on your next smartphone,” John Legere, CEO of T-Mobile, said in a statement. “And, it’s yet another breakthrough improvement over the old-school carriers’ restrictive service contracts, hidden subsidy costs and slooooow upgrades.”

Here are a few things to know about T-Mobile’s Score! program.

• The program costs $5 a month.
• After being a member of the program for half a year, users get a free entry-level smartphone.
• Being a member of Score! for a year will unlock rewards and deals on smartphones.
• The program is available to everyone, including prepaid customers.
• The new program was launched on Sunday and can be accessed online or at a physical retail location.

To learn more about T-Mobile’s Score!, click here.

More From InvestorPlace