Verizon has introduced a three-year price lock policy for its new and existing customers under the myPlan subscription. Announced following significant global tariffs, this policy aims to provide cost stability. However, customers must enroll in specific plans and the price lock only applies to base charges, excluding hidden fees. There are worries about potential rate hikes in autopay discounts. The initiative also includes free phones for eligible trade-ins, and the policy applies to myHome 5G internet subscriptions, reinforcing Verizon's strategy to attract users to its newer offerings.
Verizon's new price lock policy offers customers a guarantee that rates won't increase for three years on select plans, providing financial predictability amid economic uncertainty.
The three-year price lock is exclusive to Verizon's newer myPlan subscriptions, requiring customers to be enrolled for stability, yet it only safeguards base rates, not hidden fees.
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