Verizon deal: Free iPhone 7 or Google Pixel with trade-in

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Verizon deal: Free iPhone 7 or Google Pixel with trade-in
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Just in time for the holidays, Verizon has announced a limited-time free smartphone promotion, which the wireless provider describes as its “most aggressive offer ever.”

We’re going to tell you right away that not everyone is going to qualify for a free phone.

Read more: The #1 mistake people make when switching cell phone carriers

Verizon’s free smartphone promotion 

According to a news release dated December 15, you can get one of the following phones at no cost on device payment when you trade in an eligible device:

  • iPhone 7
  • iPhone 7 Plus
  • Pixel, Phone by Google
  • Pixel XL, Phone by Google
  • Moto Z Droid
  • Moto Z Droid Force
  • Samsung S7
  • Samsung S7 edge
  • LG V20

What’s the catch? There’s a limited list of eligible trade-ins for a free device and it’s made up of new phones, including some that are part of the promotion!

Here’s the fine print:

Eligible trade-ins for free iPhone 7, Pixel, Moto Z Droid or Samsung GS7: iPhone 7, 7 Plus, 6S or 6S Plus, Samsung GS7, GS7 edge, GS6, GS6 edge, GS6 edge+ or Note 5, LG G5 or V10, Motorola Turbo 2 and HTC 10. Eligible trade-ins for free iPhone 7 Plus, Pixel XL, Moto Z Force Droid, Samsung GS7 edge, or LG V20: iPhone 7 Plus and Samsung GS7 edge.

Eligible trade-in phones “must be in good, working and cosmetic condition,” Verizon said.

If you don’t have a device to turn in, Verizon is offering the Google Pixel, Moto Z Droid and iPhone 7 on device payment for $10 per month, a savings of about $20 per month. 

Either way, Verizon will give you trade-in/promo credits, which will be applied on your bill over 24 months.

So if a phone normally costs $30 a month, Verizon will give anyone eligible for the free phone promotion a $30 monthly credit until the balance is paid or service is canceled.

Price it out before you switch

Before you switch to Verizon for a free phone, you should know that their data plans are expensive, so it may be cheaper to buy an unlocked phone and bring it to a low-cost carrier for service.

Use our guide to compare the best cell phone plans and deals!

Scam alert: Fake iPhone apps

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Michael Timmermann paid off his mortgage in two years. Now, he shares his money-saving tips on his blog, MichaelSaves.com.
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