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mr99

macrumors 6502a
Original poster
Jan 8, 2014
531
52
Cost aside, I need help understanding which option is better.

Verizon device payment program or buying using my Apple Card.

I’ve never seen this Verizon device payment program option before. Yearly upgrades are intriguing but not sure.

I am making payments on my 12 Pro and have $120 left on the balance. I’ll be trading it in.
 

CMoore515

macrumors 6502a
Sep 27, 2015
667
759
Des Moines, IA
Personal preference, methinks.

I'm opting to do Apple Card installments this year, but will pay off the device when my statement cuts. My phone bill currently consists of 6 lines and I'm financing 3 iPhones and 2 iPads through my carrier, which isn't Verizon FWIW. As you can imagine, my bill is over $400 a month.

I will say I do like the fact that Verizon allows trade in after 12 payments as opposed to 24 with my current carrier. But even with that, I'd still rather keep my monthly costs as low as possible if it were me.
 
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mr99

macrumors 6502a
Original poster
Jan 8, 2014
531
52
Cost aside, I need help understanding which option is better.

Verizon device payment program or buying using my Apple Card.

I’ve never seen this Verizon device payment program option before. Yearly upgrades are intriguing but not sure.

I am making payments on my 12 Pro and have $120 left on the balance. I’ll be trading it in.

e09bfa975ec07a313fff5d31f4de7603.jpg
 

BugeyeSTI

macrumors 604
Aug 19, 2017
6,762
8,624
Arizona/Illinois
I'd want a 24 month program and it seems they only offer that if you by a regular 13. 13 Pro gets a 30 month unless I missed something. Think I be more interested using the Apple Card to purchase
 
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JonnyBravo

macrumors regular
Sep 1, 2007
205
355
Glendale, CA
and in order to get the Verizon deal...you HAVE to have one of the unlimited plans. Ok if you have unlimited now...but If not...you'll be ask to select one. I chose not to do it b/c I want to keep my current shared plan for my two lines rather than pay an additional $60-$100 per month by switching to unlimited.
 

mr99

macrumors 6502a
Original poster
Jan 8, 2014
531
52
I just saw today on Verizon’s app they are giving $1000 trade in credit for 12 pro. Making my purchase free via 24 bill credits.

Am I missing something as to why anyone wouldn’t do this?

Could I trade it in after a year for the next iPhone?
 

kanga1622

macrumors regular
Sep 21, 2016
180
117
I just saw today on Verizon’s app they are giving $1000 trade in credit for 12 pro. Making my purchase free via 24 bill credits.

Am I missing something as to why anyone wouldn’t do this?

Could I trade it in after a year for the next iPhone?
You lose any remaining bill credits if you trade in before the 24 month term. Which would turn your phone from “free” to half price.
 

mr99

macrumors 6502a
Original poster
Jan 8, 2014
531
52
You lose any remaining bill credits if you trade in before the 24 month term. Which would turn your phone from “free” to half price.

Right. But my alternate option is doing the same via apple and getting $800 credit and financing using my Apple Card. Same thing.
 

GloriousAndrew

macrumors regular
Oct 20, 2017
242
295
Right. But my alternate option is doing the same via apple and getting $800 credit and financing using my Apple Card. Same thing.
That Verizon trade in deal is only a negative if you are someone that likes to trade in their iPhone and get the new one every year or any time before the 24 months. Essentially lets say you do that $1000 credit trade in, and then they unveil the iPhone 14 next year and you absolutely love it and have to have it. If you decide to get the iPhone 14 next year, you'll literally lose out on $500. Verizon will not give you a gift card or anything for the remainder of the balance. They just completely rob you of $500.

So if you take advantage of this $1000 trade in offer, just know that you have to stick with the iPhone 13 or whatever phone you get for 24 straight months.
 

mr99

macrumors 6502a
Original poster
Jan 8, 2014
531
52
That Verizon trade in deal is only a negative if you are someone that likes to trade in their iPhone and get the new one every year or any time before the 24 months. Essentially lets say you do that $1000 credit trade in, and then they unveil the iPhone 14 next year and you absolutely love it and have to have it. If you decide to get the iPhone 14 next year, you'll literally lose out on $500. Verizon will not give you a gift card or anything for the remainder of the balance. They just completely rob you of $500.

So if you take advantage of this $1000 trade in offer, just know that you have to stick with the iPhone 13 or whatever phone you get for 24 straight months.

Yeah makes sense. So choosing apples $800 credit is the better offer for me since I’ll trade it again next year for the next phone? It’s a straight credit then pay the balance over 24 months versus Verizon’s deal that incorporates 24 bill credits Eh?
 

GloriousAndrew

macrumors regular
Oct 20, 2017
242
295
Yeah makes sense. So choosing apples $800 credit is the better offer for me since I’ll trade it again next year for the next phone? It’s a straight credit then pay the balance over 24 months versus Verizon’s deal that incorporates 24 bill credits Eh?
I have never traded in with Apple, so I am not absolutely sure. But if it is anything like Best Buy, then yes.
 

mspman

macrumors regular
Jun 7, 2007
236
76
Minneapolis, MN
That Verizon trade in deal is only a negative if you are someone that likes to trade in their iPhone and get the new one every year or any time before the 24 months. Essentially lets say you do that $1000 credit trade in, and then they unveil the iPhone 14 next year and you absolutely love it and have to have it. If you decide to get the iPhone 14 next year, you'll literally lose out on $500. Verizon will not give you a gift card or anything for the remainder of the balance. They just completely rob you of $500.

So if you take advantage of this $1000 trade in offer, just know that you have to stick with the iPhone 13 or whatever phone you get for 24 straight months.
So, then is our regular trade-in deal not an option this year? I can't pay 12 months on my current phone and just trade it in for the new 13?
 

GloriousAndrew

macrumors regular
Oct 20, 2017
242
295
So, then is our regular trade-in deal not an option this year? I can't pay 12 months on my current phone and just trade it in for the new 13?
That is still an option. Through the Verizon iPhone Upgrade Program. You aren't trading in. You are just sending it back and upgrading early.
 

mr99

macrumors 6502a
Original poster
Jan 8, 2014
531
52
I had Cold feet on the Verizon bill credits and just ordered through apple using my Apple Card. I’ll trade in my 12 pro for $640 credit. 24 payments of $14.

I just didn’t fully understand the details of the Verizon bill credit program enough to make the change. I’m a person who upgrades every year and I could not find enough information anywhere to justify it.

I owe about $160 on my 12 pro.

Hopefully I made the right choice. It’s only $14/month.
 
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adamjackson

macrumors 68020
Jul 9, 2008
2,334
4,729
I had Cold feet on the Verizon bill credits and just ordered through apple using my Apple Card. I’ll trade in my 12 pro for $640 credit. 24 payments of $14.

I just didn’t fully understand the details of the Verizon bill credit program enough to make the change. I’m a person who upgrades every year and I could not find enough information anywhere to justify it.

I owe about $160 on my 12 pro.

Hopefully I made the right choice. It’s only $14/month.

IF you're upgrading every year, the Verizon promo is a bad deal. They promise $1000 for an iPhone 11 Pro trade-in but they give you that $1000 over 30 months. If you upgrade or pay off the device or cancel your service after 12 months, you've only received $396 of the $1000 they promised you which is less than Apple is offering $450 to me for trade-in and way less than selling on Swappa.

My wife who upgrades every 2-ish years did the program. Her 13 Pro max 256 is $6.66 a month payment for 30 months. She's happy with that. Me who upgrades every year just bought the phone outright.

She'll end up paying $199.80 for her iPhone 13 Pro Max 256GB. Hell of a deal for her and we're already on the Unlimited plans that Verizon required.
 
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weeesss

macrumors 6502
Oct 24, 2017
340
184
I wonder which Verizon unlimited plans offer this.

I have an 11PM and one daughter has an XR. I upgrade every two years and have been with Verizon for over 20 years and am not switching anytime soon. Hers they show up to $800.

I do not want to upgrade to a more expensive unlimited plan because that would obviously offset any savings.
 

inthemix

macrumors newbie
Jun 12, 2009
3
0
Detroit, MI
I spent the last 2 hours bounced around from bad answer to bad answer on the phone with Verizon. FINALLY, a supervisor made it clear to my satisfaction.

If you own an iPhone 12 series AND buy your phone from Verizon.com AND want to upgrade annually:
  1. Select 'Return your device for an annual upgrade"
  2. Select a 24-month payment plan NOT the default 30 months term. Selecting 30 months will leave you owing money at the next upgrade cycle.
  3. DO NOT SELECT any trade-in program for $800/$1000 trade-in!
  4. Complete check out. You're done.

Here's the explanation:
Device Return & Early Upgrade (see attachment):
  • You send your phone back & walk away from it. You're done.
  • With this program you get the $500 incentive upfront

$800/$1000 trade-in:
  • You will be billed for the complete balance of your phone, around $500-$700 if you have an iPhone 12 series. It's unclear if you pay at checkout or later.
  • You will pay $10-15 a month for your new phone every month after 30 months of $33 bill credits.
  • With this program you front $500+ in exchange for a monthly bill credit.
  • If you upgrade a year from now you lose the bill credit so you'd be out at least $250.

You cannot combine the deals. If you try to, you will likely end up in a trade-in situation.
 

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