Verizon Wireless: iPhone 7 $5 per Month with New Line Activation
The iPhone 7 is now $0 per month with a new line activation…check out the details and Verizon link here.
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Similar to last fall’s Verizon Wireless iPhone 6s $5/month deal, this isn’t the best smartphone savings opportunity available; but, to be honest, that’s really dependent on your specific situation.
For a family – or group of individuals sharing a data plan – who’s looking for a quality, economical phone option to couple with an additional line, or an individual new to Verizon who isn’t bringing his/her own device and doesn’t care about the latest and greatest technology, this is a deal to consider.
VERIZON WIRELESS IPHONE 7 DEAL
Important to note upfront, this deal requires activation of a new Verizon Wireless line of service.
With that new line activation typically comes a one-time fee of $40. However, if you order online – which you have to do to get the $5 deal – you’ll get $20 off that $40 activation fee.
For the phone portion, you’ll be billed $5 per month for 24 months for the 32GB version of the iPhone 7. You can also get a 128GB version for $10 per month.
The $5 per month charge will be the result of a monthly (promo) statement credit of $13.74 off the regular monthly price of $18.74.
Which means, you’ll effectively be locked into a 24-month service contract with Verizon.
We’ve seen similar deals in previous years where you could activate a line, pay for a month of service and then pay the device off, in-full, at the deal price, leaving Verizon for less expensive cell service providers.
That is not the case with this deal.
While you are getting a deal on the phone price ($5 x 24 = $120 vs. $449.99 to purchase outright) you will, again, be locked in to paying Verizon’s monthly cell service fee, the exact amount depending on the plan you choose.
$55 (plus tax and fees) appears to be the least expensive one-line plan currently offered by Verizon. Of course, your monthly fee may be less if you’re adding a new line to an existing shared data service plan.
This deal is good on online purchases/activations only. You won’t get this deal if you go into a Verizon Wireless retail location.
The promo credit will be applied to your account within 1-2 billing cycles.
And if you cancel the line of service prior to the end of the 24-month period, you’ll likely owe the remaining balance of the $449.99 less the $5 monthly payments you’ve already made.
You can get the $5 per month iPhone 7 deal at this link.
WRAP UP
If you already had plans to add a new line of service with Verizon Wireless but didn’t want to pay a $20, $30, or more per month charge for a phone, this deal might be for you.
Granted, you’re not getting the most recent Apple technology, but the iPhone 7 is still a good phone which should last at least through the 24-month period associated with this deal.
And the phone price you’ll be paying is much better than what Verizon normally charges.
That said, if you’re looking for a real deal on a phone and cell service, there are better ways to go.
