Verizon today announced that the company will be introducing a new set of smartphone rate plans for its customers while simultaneously eliminating the traditional subsidized two-year contract option for new users joining the network. The new plans come in four sizes of data allotments, and will go into effect officially on August 13.

verizon_logo_500
Once customers choose the smartphone they want to pay for on its own monthly cost, they will then choose which data option they need for their plan. The new plans are going to apply to both single lines but can also be shared with up to ten devices on one plan. Verizon likens the new plan options as a simplified version of its former offerings.

Many things in our lives come in familiar sizes. Morning coffee? A medium, please. New t-shirt? That’s a large – at least for now. From small to XL, everyone understands these common sizing options.

Beginning August 13, our newest price plan will offer four easy sizes of data to match how our customers use wireless service. These new data options come in sizes just like other things we buy:

-Small: $30/month for 1GB of shareable data

-Medium: $45/month for 3GB of shareable data

-Large: $60/month for 6GB of shareable data

-X-Large: $80/month for 12GB of shareable data

With the new plan structure, monthly device access charges will be priced at $20 for smartphones, $10 for tablets and Jetpack MiFis, and $5 for "connected device lines" such as smart watches. These device access charges are, of course, in addition to one of the four data options each customer will pick and any financed cost for the devices themselves. Verizon hopes that the new offerings will result in "a simpler and more streamlined bill" for its customers in the future.

New customers will have to choose between paying the full device cost up front or using interest-free financing to spread the costs out over 24 months, as subsidized pricing with a two-year contract will no longer be available to new customers. Existing customers will be able to move to the plans or retain their existing plans, with some restrictions that have yet to be detailed.

Tag: Verizon

Top Rated Comments

Waxhead138 Avatar
113 months ago
I pay $140 for 5 lines on T-Mobile and each line has 10 GB. EACH. Thanks T-Mobile

Be thankful you're in an area where T-Mob works consistently. Not being a smart ass either...the way this industry has and always will work is that if the network sucks (on a national level I mean) you'll get a ton for your money.....where it happens to work.
Score: 24 Votes (Like | Disagree)
Klae17 Avatar
113 months ago
I pay $140 for 5 lines on T-Mobile and each line has 10 GB. EACH. Thanks T-Mobile
Score: 16 Votes (Like | Disagree)
BanterClaus Avatar
113 months ago
What the hell. I pay £12 a month (monthly, no contract) for unlimited 4G data here in the UK. Those prices seem absolutely obscene.
Score: 15 Votes (Like | Disagree)
John.B Avatar
113 months ago
This was a long time in coming. So many people didn't understand the "subsidized" pricing model and continued to use their smartphones after 24 months not realizing they were continuing to pay for subsidies with no benefit. Not all, but many, I'm sure.

Better to break out the phone and service costs separately, which allows consumers to see the differences and be more informed shoppers.
Score: 14 Votes (Like | Disagree)
Chuck Kostalnick Avatar
113 months ago
Read this and thought it was a joke. I was right.
Score: 9 Votes (Like | Disagree)
nutmac Avatar
113 months ago
I pay $140 for 5 lines on T-Mobile and each line has 10 GB. EACH. Thanks T-Mobile
I switched from AT&T to T-Mobile last year and while I agree T-Mobile is a bargain, you get what you pay for. While the coverage is decent where I live (Silicon Valley), indoor coverage is often lacking and rural coverage (e.g., weekend road trips) is often horrible. And their billing system is really third class. Out of about 16 months I have been on T-Mobile, at least half had billing errors.

I strongly suspect that when and if T-Mobile catches up to competitor in terms of coverage, you will be paying substantially more (at least for new customers).

Having said all that, T-Mobile is single handedly responsible for driving down prices (or sweetening the deals) of competitors.
Score: 8 Votes (Like | Disagree)

Popular Stories

reset password request iphone

Warning: Apple Users Targeted in Phishing Attack Involving Rapid Password Reset Requests

Tuesday March 26, 2024 4:34 pm PDT by
Phishing attacks taking advantage of Apple's password reset feature have become increasingly common, according to a report from KrebsOnSecurity. Multiple Apple users have been targeted in an attack that bombards them with an endless stream of notifications or multi-factor authentication (MFA) messages in an attempt to cause panic so they'll respond favorably to social engineering. An...
maxresdefault

Apple to Launch New iPad Pro and iPad Air Models in May

Thursday March 28, 2024 11:07 am PDT by
Apple will introduce new iPad Pro and iPad Air models in early May, according to Bloomberg's Mark Gurman. Gurman previously suggested the new iPads would come out in March, and then April, but the timeline has been pushed back once again. Subscribe to the MacRumors YouTube channel for more videos. Apple is working on updates to both the iPad Pro and iPad Air models. The iPad Pro models will...
Generic iOS 18 Feature Purple

iOS 18: What to Expect From 'Biggest' Update in iPhone's History

Wednesday March 27, 2024 11:10 am PDT by
At least some Apple software engineers continue to believe that iOS 18 will be the "biggest" update in the iPhone's history, according to Bloomberg's Mark Gurman. Below, we recap rumored features and changes for the iPhone. "The iOS 18 update is expected to be the most ambitious overhaul of the iPhone's software in its history, according to people working on the upgrade," wrote Gurman, in a r...
maxresdefault

Apple Announces WWDC 2024 Event for June 10 to 14

Tuesday March 26, 2024 10:02 am PDT by
Apple today announced that its 35th annual Worldwide Developers Conference is set to take place from Monday, June 10 to Friday, June 14. As with WWDC events since 2020, WWDC 2024 will be an online event that is open to all developers at no cost. Subscribe to the MacRumors YouTube channel for more videos. WWDC 2024 will include online sessions and labs so that developers can learn about new...
apple maps 3d feature

Apple Maps May Gain Custom Routes With iOS 18

Tuesday March 26, 2024 3:10 pm PDT by
Apple may be planning to add support for "custom routes" in Apple Maps in iOS 18, according to code reviewed by MacRumors. Apple Maps does not currently offer a way to input self-selected routes, with Maps users limited to Apple's pre-selected options, but that may change in iOS 18. Apple has pushed an iOS 18 file to its maps backend labeled "CustomRouteCreation." While not much is revealed...
General iOS 17 Feature Orange Purple

Apple Releases Revised Versions of iOS 17.4.1 and iPadOS 17.4.1 With Updated Build Number

Wednesday March 27, 2024 5:59 am PDT by
Apple on late Tuesday released revised versions of iOS 17.4.1 and iPadOS 17.4.1 with an updated build number of 21E237, according to MacRumors contributor Aaron Perris. The updates previously had a build number of 21E236. The revised updates are available for all iPhone and iPad models that are compatible with iOS 17 and iPadOS 17, but they can only be installed via the Finder app on macOS...
applephilschiller

Apple's Phil Schiller Works 80 Hours a Week Overseeing App Store

Wednesday March 27, 2024 2:03 pm PDT by
With the App Store and app ecosystem undergoing major changes in the European Union, The Wall Street Journal today shared a profile on App Store chief Phil Schiller, who is responsible for the App Store. Though Schiller transitioned from marketing chief to "Apple Fellow" in 2020 to take a step back from Apple and spend more time on personal projects and friends, he is reportedly working...