Best Buy has started a limited period offer that allows buyers to take advantage of a $199 discount on the on-contract price of 16 GB iPhone 6S. The offer is available until Thursday this week.

According to 9to5Mac, the retailer giant is offering $199 discount on the two-year on-contract price of 16 GB iPhone 6S through Sprint. It means users can purchase it with a very low down payment of only $1.

If buyers do not wish to commit to a two-year contract with Sprint, they can also opt for the installment plan offer from the same carrier that comes with a $100 Best Buy gift card. It requires users to make monthly payments of $26.39 until the off-contract price of $699 is paid.

The aforementioned deals are only available at the retail outlets of Best Buy and not online. The retailer is offering the iPhone 6S in multiple colors like space gray, silver, gold and rose gold.

The Apple iPhone 6S is an upgraded edition of the iPhone 6 from 2014. It was unveiled in September last year. It is fitted with a 4.7-inch IPS LCD display that features a 4.7-inch screen. It offers a resolution of 750 x 1334 pixels and it supports the new 3D Touch feature that can distinguish between lighter and harder touch gestures.

It is powered by Apple A9 chipset that features a 1.85 GHz dual-core processor and PowerVR GT7600 graphics. It is coupled with 2 GB of RAM. For photography, it is packed with a 12-megapixel shooter that is enabled with dual-LED flash. It houses a selfie camera of 5-megapixel. The physical Home button includes a Touch ID fingerprint sensor that supports Apple Pay service. It is packed with a 1715 mAh battery.

Apple is rumored to be working on iPhone 7 that is likely to release in September this year. It is expected to feature a dust and water resistant chassis and a touch-sensitive Home button. Rumors also indicate that it won’t be featuring a 3.5 mm audio jack.