Oct 15, 2010 12:54 GMT  ·  By

Wireless carrier Boost Mobile has just announced officially the launch of a new plan for its users, namely Monthly Unlimited with Shrinkage, an option that does not require for customers to commit to a contract agreement with the company.

Through the new offer, users on the Nationwide Sprint Network can benefit from the option to pay only $35 for their $50 monthly unlimited plan through simply making on-time payments.

According to the company, every six on-time payments would end up in having the customer's monthly cost brought down by $5. In the end, users would be able to pay only $35 a month for unlimited nationwide talk, text, Web, e-mail, IM and calls to 411.

“At a time when consumers are looking for ways to save their hard-earned money, we’re rewarding Boost customers by helping them shrink their monthly payments,” said Bob Stohrer, vice president-Marketing, Boost Mobile.

“Throughout the year, we've enhanced our device lineup with Android and Blackberry devices and added more benefits to our Monthly Plan. Now, we’re introducing even more value, all with no annual contracts. Shrinkage is yet another demonstration of Boost's commitment to ‘unwronging’ wireless.”

Boost Mobile Monthly Unlimited and BlackBerry Monthly Unlimited plans have the new Shrinkage option available, the wireless carrier also announced. Boost Mobile customers interested in the new offering should head over to the carrier's website or call 1-888-BOOST-4U to sign up for Shrinkage.

At the same time, the wireless carrier announced that new customers to Boost would be automatically included in the new Monthly Unlimited with Shrinkage program, no matter whether they choose the $50 or the $60 BlackBerry Monthly Unlimited plan.

“A customer’s on-time monthly payment date is the same day each month and each on-time payment moves the customer’s monthly cost toward the lower amounts,” the carrier explains.

“Consumers who miss their monthly payment date will not be penalized; they will not lose any on-time payments accrued toward the next Shrinkage payment milestone or lose any reduced monthly payment already achieved.”