For a limited time, Verizon Edge will allow you to upgrade your phone after 30 days
Last week, Sprint dropped its One Up early upgrade plan and on Sunday, Verizon announced some changes to its similar Verizon Edge program. Big Red will now allow you, under certain circumstances, to upgrade your phone after only 30 days. The caveat is that your current handset must be at least 50% paid off. New customers will have to undergo a credit check and Verizon's pre-paid accounts are not eligible for the plan. In a statement, the nation's largest carrier said that this is just a promotion although it has not yet come up with a date when it will end.
With Verizon Edge, customers agree to pay the full retail price of a new phone with payments spread out over 24 months. At purchase, the subscriber must pay the activation fee and an installment payment for one month. Once 6 months (now 30 days with the promotion) expires and the phone is at least halfway paid down, the customer can exchange his current handset for a brand new one.
"This is currently a promotion but we have not set an end date. It is in response to our customer's requests regarding this popular payment and upgrade plan.....While it is important to understand what our competitors are doing, Verizon makes decisions based on what's best for both our customers and business."-Verizon
source: Verizon via CNET