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AT&T's two-day deal beckons with $200 bill credit

The carrier dangles a promotion to new and existing customers who purchase a new smartphone on an AT&T Next plan.

AT&T discounts the iPad Mini 2 for a limited time. Sarah Tew/CNET

AT&T really wants you to buy a smartphone on its Next plan before June is out. Monday sees the carrier launching a two-day-only promotion for both new and existing subscribers.

Customers who purchase a smartphone on an AT&T Next plan and activate a new line of service will receive a $200 credit.

You won't get the money back right away. Instead, you'll need to play the long game. Your dough arrives in the form of a bill credit after three months, so long as you keep your account in good standing.

AT&T is also discounting its iPad Mini 2 , slashing the price down to $149 for the 16GB model. There are, of course, a couple of caveats to the deal. First, you'll have to purchase an iPhone with an AT&T Next plan. Second, you'll need to buy the tablet on a two-year contract.

Customers can pair the two promos together to save even more moolah.