If you are of a mind to pick up the latest Android OS smartphone out of the HTC camp, namely the T-Mobile G2 in time for the festive season we have a really good deal for your consideration before to rush out and purchase the device.

There are several good deals on new smartphone lately such as the Samsung Epic and HTC EVO 4G hitting $100 on Amazon, and the Motorola Droid 2 being offered by Amazon for just $0.01, but according to an article over on Android Police, if you’re after the T-mobile G2 take a look at Costco.

Word is Costco and Amazon have been having a bit of a price war with the new T-Mobile G2 and now Costco is offering the Android device for just $49.99 on contract without any rebate, which has got to be one great deal.

However, their add-a-line and upgrade pricing still remains at $100 after a $50 mail in rebate, although Amazon’s upgrade price remains at a hefty $200, but with Costco you do receive free shipping and no activation charge.

So there it is, the T-Mobile G2 for under 50 buck in time for the festive season, any of our readers tempted to pick up the T-Mobile G2 now?