Rumor: Verizon to close loophole allowing unlimited data for those buying a subsidized phone
The featurephone line used to purchase the subsidized smartphone, is charged a $30 monthly fee for 2GB of data. But when the lines are switched, and the smartphone is activated on the unlimited line, the $30 fee is canceled by the customer. That takes the price back to $9.99 a month for that line. But there is some speculation circulating that Verizon is eliminating this loophole, starting August 24th.
The new rules will require a Verizon customer who activates or upgrades a new smartphone, to have a data plan that covers the length of the contract. This forces the customer to keep the $30 monthly 2GB data plan instead of canceling it, when swapping the purchased smartphone to the account with unlimited data. To prevent being stuck with the monthly $30 fee, customers can switch to a More Everything plan, or buy a phone at the full retail price, or use the monthly installment plan available with Verizon Edge.
Verizon has yet to make this official, but with an August 24th start date expected, some word should be coming out soon.