Originally Posted by YouGotRedOnYou
The $50 is a mandatory deposit for the phone put onto a gift card. When you pick up the phone, the card is applied to the balance total. So, if the phone is 449.99, the remaining balance will be $399.99 after the card is applied to the balance.
^ ^ This is pretty much correct. Although, it is actually not a deposit put on the phone. It is simply a $50 gift card that you buy and they reserve a phone for you. If for some crazy reason you lose your mind and decide not to go through with the phone purchase, you can simply use the card to buy something else. You aren't obligated to make the phone purchase. (I read my receipt.)