Looking for a cheap new smartphone? ZTE has your back. The Chinese phone-maker just unveiled the Overture 2, which runs Android 5.0 Lollipop and costs just $49.99 from Cricket Wireless. Even better, the AT&T-owned provider is offering a $50 rebate once you’ve paid for two months of service

The Overture 2 packs a 4.5-inch display with a resolution of 854 x 480 pixels, a 2100mAh battery, a 1.2GHz quad-core processor, a 5-megapixel rear camera, a front-facing VGA shooter, 4G LTE support, 1GB of RAM and 8GB of storage with microSD support for up to 32GB of extra space. It runs what looks like a pretty clean version of Android Lollipop and comes in blue with a plastic textured back.

Of course, ZTE’s new phone can’t compete with the latest flagship devices, but that’s not really the point. For $50 the Overture 2 promises quick access to Android Lollipop software, and that’s exactly what you get.