While we're on the subject of why Sprint is the carrier to go with nowadays ($50 contract extension credit "just because," unlimited data without expensive and complicated tiers **cough Verizon cough**, great customer service, etc.), I wanted to throw yet another reason for existing Sprint customers to stick around.
Side-by-side with the $50 credit promo that I mentioned above, it turns out that the company is running a different deal in parallel that pays you for a month of free service right back to your account upon contract renewal for 2 more years. It does not affect your phone upgrade eligibility at all and is a very effective retention tool, so you can ask for it now, even if your contract still hasn't expired, get the contract renewed, then grab a new phone later).



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