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Verizon wants to pay you $650 to switch carriers

Verizon is rolling out a new switch-and-save offer to coax subscribers to other networks over to their services.
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Published onDecember 28, 2015

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Verizon is rolling out a new switch-and-save offer to coax subscribers to other networks over to their services. It’s not a new strategy, of course. T-Mobile has been using such guerrilla tactics for quite some time. Now ‘Big Red’ is getting into the action with the tempting gift of $650 to anyone looking to make a swap.

The offer is targeting smartphone users who are dissatisfied with their current carrier. Verizon not only wants to make the transfer process as financially painless as possible, they also want to keep things uncomplicated. The process for taking advantage of the offer is fairly straightforward, and at the end-phase, you’ll be holding a new phone on the Verizon network and a Visa prepaid card worth up to $650 (depending on the trade-in value of your device and any early termination fees).

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How do I get started?

To claim this offer, head over to Verizon’s promo page. You’ll need to order a new smartphone with monthly device payments from Verizon and choose to trade in your old device when prompted. The phone has to be paired with the number you’ll be transferring over, and you’ll be able to see an appraisal value for your device right away. Once you receive and activate your phone, your contract with your former carrier will end and your new line of service with Verizon will begin.

What about that cash monies?

Of course! After making completing your order, you’ll receive a box to return your old phone. Ship it off once your new phone arrives, then you’ll want to provide Verizon with your final bill from your previous carrier, the email containing your order confirmation and trade-in appraisal, and the promo code associated with this offer.

Verizon will then send you your prepaid card with the value of any termination fees plus the appraised value of your phone. There’s a $650 cap, of course, and if you only had to pay a termination fee, that cap is $350 instead. The card could take as long as two months to arrive, however, so keep that in mind while you’re balancing your checkbook.

Click the button below to see if this promo is right for you. In the meantime, what are your thoughts about this promotion? Is this a good deal or not worth your time? Let us know in the comments!