Verizon has announced a new Annual Upgrade Program for their customers and it starts with the newly launched Samsung Galaxy S7 and S7 Edge.
A similar program was announced for the company’s customers on Apple’s iPhone, however, it is only this Monday that the giant American wireless carrier announced the same program for Android devices, so to say.
The program comes at a time when Samsung Galaxy S7 and its counterpart Samsung Galaxy S7 Edge have just been availed to the market. As it seems, Verizon will not leave these devices behind. The company also announced that for anyone who buys any of these two devices via its device payment options, a new brand new unit will be available via the upgrade program.
If you own an older smartphone, it means that you can now turn it in and get a newer handset of your own choice. This program will go on every year, starting this 2016.
There is a catch
In order to be eligible for this program, you must have paid your phone by at least 50%. In addition, it is not possible to turn in a device that is less than 30 days old in the hope of getting a newer one.
If this upgrade program is not your thing, Verizon still offers you the chance to get a new Galaxy S7 through its 24-month payment plan, which only asks for monthly fee of $28. The new Verizon Annual Upgrade Program allows you to get a new Samsung Galaxy S7 or S7 Edge right now and pay for at least half of its price. Once the new Samsung Galaxy S8 or maybe Galaxy Note 6 comes out, you can be able to turn the S7 in and get the newer device. This is contrary to previous upgrades where one had to pay the full amount of the phone first before being eligible for an upgrade.
Trade in your older phone for a new Galaxy S7 or S7 Edge
In addition to the Annual Upgrade Program, Verizon is also welcoming the exchange of older phones with newer models. The new models are not just limited to Samsung Galaxy S7 and S7 Edge, but also models such as iPhone 6S as well as 6S Plus, among others.
If your Verizon smartphone plan was activated before May 31, last year, the company says that you must have paid at least 75% of the device’s price. If the plan is dated between June 1, 2014, and October 15, 2014, you must have paid at least 60% whereas those with devices activated before June 1, 2014, must have paid at least 50% of the phone’s full price.
Remember, your old phone must still be in good working condition for it to be eligible for the upgrade program.