Verizon simply revealed a brand new worth lock coverage that ensures sure plans received’t go up in value for 3 years. That is for each new and present prospects. It was introduced the day after President Trump determined to tariff your complete world, which put markets right into a tailspin. Verizon didn’t particularly point out this coverage, however did say that the transfer was meant to provide “predictability” to its buyer base.
Nevertheless, there are some caveats. Prospects need to be enrolled in one of many firm’s newer myPlan subscriptions to be eligible. Additionally, the assure solely covers the bottom cost for the speed plan. It doesn’t do something relating to these mysterious little charges that carriers use to boost costs on the down low.
BIG NEWS!
Learn to save huge:https://t.co/tabDgx5jgZ— Verizon Information (@VerizonNews) April 3, 2025
There’s additionally nothing within the high quality print relating to autopay reductions, so these aren’t locked in. This might power a fee hike if Verizon decides alter the low cost. After all, the corporate will seemingly attempt to persuade customers to extend the month-to-month invoice of their very own accord. This carrot normally takes the form of a “free” cellphone.
To that finish, Verizon introduced will probably be giving free telephones to new and present prospects. This requires an acceptable trade-in system and enrollment in a myPlan subscription. The three-year worth lock additionally covers the corporate’s myHome 5G web plans. Present myPlan members don’t need to do something to begin this worth lock course of. The enrollment is automated.
That is simply the most recent promotion to lure prospects to its myPlan subscriptions. The corporate just lately began providing cheaper subscriptions for Netflix and Max to members. It did one thing related for Google One AI Premium subscriptions. Verizon owns a minority stake in Engadget's father or mother firm, however this didn't impression our protection.
This text initially appeared on Engadget at https://www.engadget.com/cellular/smartphones/verizon-just-announced-a-three-year-price-lock-plan-but-there-are-caveats-182320983.html?src=rss