Rumor: Verizon to Get Rid of 1-Year Contracts April 17th
Another very significant change to Verizon’s services may be coming according to latest rumors. The folks at Gadget-U have received a document suggesting that Verizon Wireless will no longer be offering the one-year contract after April 17th – just 10 days from now.
The document cites the need to streamline and cut down on customer confusion as reasons why they’re making the change. They also claim that not many people opt for the one-year offering. It’s just one of many changes Verizon’s made in recent months that I’m sure doesn’t sit well with you.
Power users prefer one-year contracts as they tend to want the latest and greatest each year. With that option, they don’t have to pay full retail for the device at the point of sale with the extra padding usually being about $150 extra than what you’d pay for the two-year option. It was a very attractive deal to many, but those days may soon be going the way of the dodo. Anyone here affected by this news?
[Note]: If you’re already on a one-year contract you can get an upgrade at the end of your usual term if you so choose, but you’ll have to sign a new two-year contract at that time.