Verizon Wireless Two Year Contract: Is It Still Worth It?
Verizon Wireless has long been known for its dependable service and extensive network coverage. And for many years, the company required customers to sign a two-year contract in order to receive discounted rates on their smartphones and plans. But with the rise of no-contract plans and other competitors offering more flexible options, many are questioning whether signing a two-year contract with Verizon is still worth it.
Let`s take a closer look at the pros and cons of Verizon`s two-year contract:
Pros:
1. Discounted Rates: Perhaps the biggest advantage of signing a two-year contract with Verizon is the discounted rates that customers receive. When committing to a contract, customers can enjoy lower monthly bills and discounts on the purchase of a new device.
2. Dependable Service: As mentioned, Verizon has built a reputation for its dependable service and coverage. By signing a two-year contract, customers can rest assured that they will have access to this reliable network for the duration of their contract.
3. Upgrade Eligibility: With a two-year contract, customers become eligible for a device upgrade after 24 months. This means that they can upgrade to a newer, better device without having to pay full price.
Cons:
1. Early Termination Fees: One of the biggest disadvantages of a two-year contract is the potential for early termination fees. If a customer wants to cancel their contract before the two years are up, they may be hit with a hefty fee.
2. Limited Flexibility: Signing a two-year contract locks customers into a particular plan and device for the duration of the contract. This means that they have less flexibility when it comes to making changes to their plan or upgrading their device.
3. No Savings on Unlimited Data: With the rise of unlimited data plans, Verizon has stopped offering discounts for those who sign a two-year contract. This means that those looking for unlimited data will not see any financial benefit to signing a contract.
So, is a Verizon Wireless two-year contract still worth it? The answer depends on the individual customer`s needs and preferences. If they value reliable service and want to save money on their phone bill, signing a two-year contract may be the right choice. However, if they prefer more flexibility and don`t want to be tied down to a particular plan or device, a no-contract option may be a better fit.
Regardless of the option chosen, it`s important for customers to do their research and choose a plan that meets their needs and budget. With the ever-changing landscape of wireless carriers and plans, staying informed and aware is key to making the best choice for one`s mobile needs.