If you’re one of those people who’s wanted an iPhone for years, but didn’t want to be locked into a two-year service contract, next Thursday is the day you’ve been waiting for.

According to the Associated Press, AT&T, the sole iPhone carrier in the United States, will begin selling the iPhone next Thursday with the ability to opt out of the two-year commitment. It comes at a price, however: those iPhones will cost $400 more than the ones that require a commitment. That means an 8GB iPhone will cost $599 and the 16GB model $699, instead of the $199 and $299 rate with the plan.

Ultimately, the choice of whether or not to pay the upfront premium is up to you. You will still have to pay for the $30 per month unlimited data plan, so keep that in mind.

This is a good deal for consumers, in my opinion. Having more choice is always good, and this gives us more choices. Now all Apple needs to do is open up service to multiple carriers, to make it even better.