Cell phone carrier releases new plans eliminating 2-year contracts and allowing plan switching.
America’s largest cell phone carrier announces they would bring an end to the two-year contracts and offer less confusing data and voice plans.
Verizon says new data plan options include a 1GB plan for $30 a month, 3GB plan for $45, 6GB for $60 and an Extra Large plan of 12GB for $80 a month. All of these plans come with unlimited calling and texting features. Those who go over their allotted data for the month will face an additional charge of $15 per GB. Customers who need even more data can speak with a Verizon representative for additional options.
All of the data plans can be shared across up to 10 devices on the same plan. Each Smartphone has a $20 access fee, tablets and JetPack lines are $10 per month and a connected devices like a smart watch are $5.
Since the two-year contracts have been discontinued, Verizon plans to allow customers to switch plans, a bonus for those who occasionally need extra data. There are additional fees, however, such as a $20 fee to use a Verizon SIM card.
The elimination of the contracts also does away with the phone subsidies normally associated with an upgrade to a new phone. The company still plans to offer a device payment plan, similar to the former Edge service, which allows customers to spread the cost of the new phone by making installments along with their monthly bill.
The company says existing customers can keep their current plan, with some restrictions, or move to the new plan when the changes take effect.
Verizon also promises a new streamlined bill in the next few months that will make it easier for their customers to understand their billing charges.
“Choosing a wireless plan is now easier than ever. Customers said they don’t want to have to do a lot of math to figure out their best options, and we heard them,” said Rob Miller, vice-president of consumer pricing for Verizon Wireless. “A plan with small, medium, large and x-large choices makes sense for the way people actually use their wireless service.”
The company plans to roll out the new pricing plans on August 13.