Verizon to Offer Wireless Device Payment Plan for Some Smartphones

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Posted April 13, 2013 at 3:47pm by iClarified

Following its announcement that it would no longer offer early upgrade eligibility on iPhones and other smartphones, Verizon has announced that it will offer a Wireless Device Payment Plan.

Customers also have the option of purchasing a phone at full price at any point before their contract expires and beginning April 21, some devices will be available for purchase through the Verizon Wireless Device Payment Plan.

Previously, tablets with a retail price of at least $349.99 qualified for the plan. Unfortunately, there’s a finance charge of $2.50/month for 12 months or until your balance is paid in full, whichever comes first.

Verizon to Offer Wireless Device Payment Plan for Some Smartphones

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Sami - April 14, 2013 at 7:50pm

This is actually a good deal because now you can keep your grandfathered unlimited data (if you still have it on your account) without shelling out the cash to purchase a new phone at full retail pricing. This allows you to spread it out over time. Hopefully the interest rates aren't too high.

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NoGoodNick - April 14, 2013 at 3:14pm

So far, Verizon has allowed an exception in 'borrowing' other's update allowances. Thus I use my relatives' 'allowance' to upgrade my phone in odd years, giving them my old phone (so we both get 'new' phones). So now I'm wondering whether this is part of a larger trend by Verizon, which will mean they'll now start limiting this exception as well?

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