T-Mobile today announced that its unlimited smartphone plans are due for yet another makeover, which should offer cheaper options for post-paid smartphone customers. Unfortunately, the release was missing a few key details like pricing, but we do know that they will be called Value plans and provide both single-line and multi-line options. We also know that the new plans will take effect July 24.

Despite the fact that T-Mo neglected to mention pricing, CNET has gotten word of some of the prices for the new Value plans. Although as we mentioned before this has yet to be verified by T-Mobile, so bring your salt shaker along for the ride.

It seems you can get unlimited talk and text with 2GB of data for $59.99, and unlimited talk and text with 5GB of data for $74.99. Those are rather significant price cuts from the original unlimited smartphone plans, which offer 2GB and 5GB of data for $79.99 and $89.99 respectively.

If you happen to have just purchased a new phone, no worries: T-Mobile will switch your current phone over to a new plan. In the meantime, the Even More plans are getting swept into the Classic plan brand name.

T-Mo is also throwing in a new payment method for devices, whereby you pay an up-front down payment for this or that smartphone, and then pay the remainder of the cost in monthly interest-free installments. Seems rare that this would be a useful payment option, but it’s nice that they’re making it available.

[via Fierce Wireless]