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Verizon customers with grandfathered unlimited data plans, which the carrier stopped offering to new customers in 2011, face a $20 increase in their monthly bill starting November 15, according to CNET. The monthly cost of unlimited data will rise from $30 to $50 as a result.
The rate increase is yet another move by Verizon to encourage customers to move from unlimited data plans to tiered data plans. Less than 1% of Verizon customers still have an unlimited data plan, according to a company spokesperson, but those remaining few are often stubborn about switching.
Verizon customers with unlimited data plans are required to pay full retail price for smartphones, although grandfathered subscribers do qualify for the company's monthly installment plan for new devices.
In the United States, Sprint and T-Mobile are the two largest nationwide carriers that continue to offer unlimited data plans. AT&T stopped offering unlimited data to new customers in 2010.
Top Rated Comments
Yeah I do, nevermind. Greed.
This seems like a reason to get out of the contract without an early termination fee. They used to have a line in the contract that said the contract was void if the rate changed. I used it back in like 2009 or 2010 to get out of a Verizon contract, based on the the fluctuating federal universal service charge. People may look into that. I don't know if the contract has changed since. Im with ATT now.
If you have an unlimited plan you don't have a contract.