In a move that may affect millions of customers, Verizon has begun notifying subscribers on select older wireless plans that their auto-pay discount will be cut in half starting October 10th. The change will see the discount drop from $10 per line to $5 per line.
To retain the current $10 monthly discount, customers will be required to transition to one of Verizon’s newer myPlan options. While these newer plans may offer updated features and benefits, the switch could mean losing certain perks associated with older plans like free Disney+.
Verizon’s decision highlights the ongoing trend in the telecom industry to phase out older plans and encourage customers to adopt newer, often more profitable options. The change could impact budget-conscious customers who may have opted for older plans specifically for their affordability.
Customers on affected plans are encouraged to contact Verizon or review their plan details online to understand the implications of this change and explore available options.
Here is the full statement from Verizon:
We are committed to bringing you our best network and services. Our focus on ongoing innovation enables us to give our customers the best. To ensure we deliver premium experiences and offers, sometimes we need to make adjustments. We want to let you know about an upcoming change to your Auto Pay discount.
Here’s what to expect:
While we continue to offer Auto Pay benefits, your $10/line discount will be reduced to $5/mo. and your bill will increase starting on or after 10.10.2024. However, your current plan price and benefits will remain unchanged. You also have the option of moving to myPlan, where you’ll receive an Auto Pay discount of $10/mo for every line you switch.
myPlan gives you the power of choice. You’ll still get our award-winning 5G network, but now you can choose your Unlimited plan and customize it with a variety of perks—exclusive savings on subscriptions for entertainment, shopping and more. You may be able to save on subscriptions you already enjoy.
You may be eligible for other offers. Visit m.vzw.com/myoffers to learn more.
Thank you for being our customer. We always strive to provide more value for the Verizon services you use and trust every day.
If you have any questions, please take a look at our FAQs.