Verizon Edge might be getting even more sweet for Big Red customers who enjoy hopping from smartphone to smartphone. The company has announced that they’re reducing the wait time between upgrades from 6 months to just 30 days, giving folks a breakneck upgrade pace to be sure they’re consistently on the cutting edge of mobile tech.
Verizon Edge proved to be a pretty decent option for folks who found themselves wanting new smartphones early and often. Under the program, users are able to pay for their devices for $0 down payment with equal monthly installments for 24 months, and get the option to upgrade after 6 months if at least half of it has been paid off.
Don’t forget that said upgrade would come with the obligation to trade your previous smartphone in. It isn’t a great deal for everyone — especially considering it doesn’t lower your bill like some competing services — but it has proven to be quite helpful for many.
The caveat with this new change is that you’d still have to pay off at least 50% of the device in order to “Edge Up” to your next upgrade. That means if you upgrade right after the 30 day waiting period you’d likely be paying a couple of hundred dollars up front. That said, if you are getting the itch to upgrade and just can’t wait, this new option is right up your early.
A Verizon spokesperson told CNet that this change is currently being seen as a promotion, though Verizon has yet to set an actual end date (meaning they could be running this for quite some time). It’s possible Verizon wants to gauge market response to the changes, and see if it helps keep customers on-board who may be tempted to jump ship due to delectable offers from other carriers.
While it is important to understand what our competitors are doing, Verizon makes decisions based on what’s best for both our customers and business.
We’ll have to wait a few months to see if these particular decisions will produce the results Verizon is looking for. Head to Verizon’s site if you’re interested in upgrading your phone using Edge.
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TAGS: Verizon Edge