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Verizon Trots Out Galaxy S7 Upgrade Plan

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Mar 14, 2016, 12:22 PM   by Eric M. Zeman

Verizon Wireless today announced the Verizon Annual Upgrade Program beginning with the Samsung Galaxy S7 and S7 Edge. The upgrade program allows customers who finance the S7 or S7 Edge to trade in their phone and upgrade to a new phone every year. Verizon says customers can upgrade to new hardware after just 30 days, as long as 50% of the phone's price has been paid. Customers who preordered the S7 or S7 Edge will be enrolled in the annual upgrade program automatically as long as they choose a device payment plan to finance the phone. Customers don't have to upgrade if they don't want to: Verizon says customers can continue to pay off their phones over 24 months, which they'll own at the end of two years just as before. Verizon says customers who switch (port in) from another carrier and activate an S7 or S7 Edge can receive a $100 bill credit, in addition to reimbursement for ETFs and other fees. Existing Verizon customers can receive up to $300 (varies by device) if they trade in an existing handset for an S7 or S7 Edge. The S7 costs $670 and the S7 Edge costs $780.


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