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Yes, if you received promotional value when trading a device, and/or instant savings towards the purchase of a new device at the time of your trade, then you'll be charged for these values if you don't maintain active service on your new device for 3 billing cycles.
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Bill Cycle: The monthly start and end dates that determine which charges will appear on your current bill and which charges will appear on the following bill. It primarily refers to the day of the month that your billing period ends.
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Bottom line is, if you activated on the 25th of October and your billing cycle ended up being the 20th, your first bill would not generate until November 20th . . . .
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The trade-in value depends on meeting certain promotion eligibility requirements.
Click here to see the promotion eligibility requirements
Clicking on that link brings up this:
Promotional Offers:
Purchase the DROID TURBO by Motorola on a 2-Year Contract or Verizon Monthly Device Payment and trade in any smartphone for a minimum of $100. Trade must be in good working condition. Trade in for an account credit or VZW Gift Card. DROID Turbo purchase must be made in a Verizon Wireless retail store or on www.verizonwire
Hopefully that is just some web link error. When you continue, it shows nothing about this in the terms page.
LINK [verizonwireless.com]
New device payment activation req'd. Trade-in for $300 VZW gift card.
Smartphone trade-in must be in good, working condition. Excludes upgrades.
How to claim this offer.
New Verizon customers as well as existing customers who want to add a new smartphone line can get $300 for their old phone.
1) Add a new smartphone with monthly device payments to your cart.
2)Complete your trade-in appraisal during checkout.
When prompted, click "trade in old device." You will be taken to the device recycling page to appraise your old smartphone.
3) Send us your trade-in in good, working condition.
You'll receive a box to return it within 5 days. New Verizon customers will receive a VZW electronic gift card within 2 weeks and existing Verizon customers will receive an account credit in 1-2 billing cycles.
What u mean
1) Add a new smartphone with monthly device payments to your cart
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It says "who want to add a smartphone line" how can it be clearer
even though that statement did not mention about it. but if you have to make "monthly device payments", then i guess u will have to sign up for their cell phone service somehow.
pass.
Also this promotion is not for upgrades.
then its not even a deal. i am not going to sign up for any new line just for this trade in promo. even at those $100 phone trade in without any new (or old) account, i still feel being ripped off. nobody wanted my $100 gift cards.
Op said
New Verizon customers as well as existing customers who "want to add a new smartphone line "can get $300 for their old phone.
I added G4 where they have 100 off and added Nokia 635 ..it appraised from 21 to 300.