With the arrival of the iPhone 5, there's been a lot of discussion regarding the advantages and disadvantages of Verizon, AT&T, and Sprint. Now another option that you might consider: a no-contract iPhone 5 from Cricket. The new phone will be available from Cricket starting September 28. Read more on CNET. What's the advantage of a no-contract carrier? You can save money. You pay more up front for an unlocked phone, but your prepaid usage comes out to be less money than the contracts from the major carriers.