@pennywise134 you properly have enough information, here is another summary (but my conclusion is the same. NO NO and NO to Public Points)
On the other hand, the goodies for new system,
- 5% Points back for add-on purchases as well
- add-ons are around 33% cheaper when you redeem with Public Points
- you can use 1 point for lucky draw, so, technically you bet $1 and can win an iPhone
If you are new customer you have no choice - it is points to you.
Rewards work best for cheaper plans. For most expensive you have to do math.
Points are worse right up to the most expensive $95 plan for a long time customer. How is that? Those on the higher priced plans are far less likely to buy add-ons. The loss of the $50 per year ($60 vs. 10 points) for a customer with 5 years of loyalty rewards is almost wipes any benefit of switching to points in the third year. Also, the only reason it's even close is becuase of the one-time welcome points and loyalty points payout. Those don't exist for future years.
Reward $ FTW! The break even is about 2 years.
The spreadsheet tool that Public Mobile provided stops at 2 years. If those calculations were to continue past 2 years, the total would get progressively worse. This points stuff has been a PR disaster. Customers saw right past it. While it's good that existing customers had a choice, the concept that switching would be good for existing customers is quite honestly, nonsense.
There's no point in changing to points. Trust me I've done the math only under certain circumstances can you make points work for you that can come sort of close to rewards value that's only if you have a higher data plan and you use it mostly for data and you tend to suspend a lot otherwise rewards are more rewarding. Other than autopay and you are on a higher data plan above $40 a month can you marginally make back a little more than the auto pay $2 reward.
The big difference is in loyalty if you plan on staying with public mobile there is no point no point at all and switching to points. The calculator supplied by public mobile and linked by @dust2dust skewed in public mobiles favour as it stops just as rewards get better and points show their true value which is less much less. Anniversary points are 10 points a year loyalty points continue to grow until it maxes out at $5 per month after you've been here 5 years the difference is between getting $10 in points value and $60 in reward value you get $50 less on the points program. Per year on the points program over the course of 5 years of full reward value you get $250 less with points.
Points are pointless rewards get more rewarding!
@pennywise134 With points you lose autopay discount ($2) and loyalty is paid out once a year with 10 points ($10). With points you earn back 5% of payments and purchasing add-ons (some are discounted to purchase with points). You might be better off with a plan over $40+ but will still lose out on loyalty rewards going forward.
edit: BTW, you can only redeem points towards payments once you accumulate 15 points ($15), but can purchase add-ons for smaller amounts of points.
Have a look at this spreadsheet that the company put out when the new points came in.
Or from the announcement :
It's pretty much universal around here that it is not worth it to switch.