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Your account must remain active and in good standing to continue receiving the monthly credits. 3. Common "Catches" and Costs
These credits are typically spread over 36 months . If you cancel the service or pay off the phone early, you usually lose the remaining credits and must pay the full remaining balance of the device. 2. Eligibility Requirements
Both devices must typically be on an eligible Unlimited plan (such as Unlimited Ultimate or Unlimited Plus).
To qualify for a BOGO, Verizon generally requires the following:
While the second phone is "free" via credits, there are additional costs to keep in mind: Verizon Deals: Save on Phones, Internet, Accessories
You purchase a new iPhone (e.g., iPhone 13 or 16) on a monthly device installment plan.