It seems that everyone in the wireless industry these days is doing everything in their power to get customers to switch to their network by offering incentives that help buy them out of their old contract so that they can ditch their old carrier in peace. T-Mobile started this with one of their uncarrier announcements, but since then everyone has been copycatting them in one way or another to the point that AT&T’s CEO has said that eventually contracts are going to go away altogether. Verizon is now announcing that they will give customers who switch from another carrier (and they’re confident that you will) $650 per line to pay off your contract with your old carrier so you will come back to Big Red.
Verizon cites that 87 percent of T-Mobile customers and 86 percent of Sprint customers who switched back to Verizon within six months of leaving Verizon said “Network quality and performance” was the number one reason they came back, so they have decided to help customers get out of their equipment installment plan (EIP) or whatever early termination fees may apply.
How it works
You’ll get up to $650 on a prepaid card for the installment plan balance less the device trade-in value (or up to a $350 prepaid card for early termination fees less the device trade-in value). Your trade-in must be in good working condition and be worth more than $0, and you must keep the new line active for a minimum of 6 months.
If you were thinking about switching to Verizon now may be the time, especially since they’re offering 2GB per month for life* if you switch by January 6th.
Source: Verizon Wireless