For those who aren't aware about the program, it essentially provided customers credits for new devices which range in the amounts of $30 to $100 once they've reached their qualified upgrade period. Luckily, current customers will be grandfathered to the plan if they haven't used their New Every Two credit, but once they upgrade their handset and use it, they will no longer become eligible for it.
This new move follows after Verizon's recent transition, which previously allowed discounts on handsets for its customers after 13 months into their contract, to its current wait period of 20 months. So when you go into a store and use that credit, just know that it'll be the last time you'll ever see something like it.
source: Wall Street Journal via SlashGear