Forum Thread

HUGE Verizon credit for former Samsung galaxy note 7 users. Better than free Note 8.

-7 Deal Score
15,876 Views
Updated for clarity:
Here is what I know. Verizon has heard from many formerly disgruntled note 7 owners, some of which are long time loyal customers, who currently are in a 2 year contract with a "replacement phone" after being forced to surrender their recalled note 7.
For some of those customers (their process isn't declared but seems to have to do with how long you have been a customer, when you traded in your note 7, and what phone you replaced it with) they will forgive the remaining balance on your phone. For me it was a Samsung s7 edge on which I still owed 500 dollars. After I hung the phone up, my account went from saying on contract, to eligible for upgrade. The phone is forgiven and is not collected or asked to be returned. Consider it a good will gift from Verizon (who is probably making Samsung pay for it) to customers stuck with a loaner. Not all customers are being offered this, but it's worth a call to see if it applies to you.
Suddenly upgrade eligible, I then went to Sams club to buy my note 8. It costs 40 per month x 24 months, but until the 24th comes with a 200 gift card to Sams club/Walmart as well as the Samsung promotion of free camera or charging pad.
Speaking with Verizon regarding my now obsolete replacement s7 edge, I am free to either keep it as a backup, or trade it in to Verizon for a discount on my note 8. 2 different reps confirmed that even if I bought the phone from Sams club, Costco, or wherever, as long as I activated a note 8 during the eligible window, and went through the online trade in of an eligible phone, they would credit the new note 8 with a 20 dollar per month discount, making it half price when it's all said and done.
So Verizon gave me 500 instantaneous credit allowing me to own my S7 edge, and will give me 480 more (over 24 months) if I trade it in for a note 8. Sam's club threw in a 200 gift card (in hand after time of purchase). And Samsung is throwing in a camera (arriving in 6 weeks after filling out online redemption) retailing currently for 200. Almost 1400 total to purchase a 1000 phone I was gonna buy anyway.
Don't mock the offer because it sounds too good to be true. Just verify if it works for you and take advantage if you think it's a good option. It was a blessing for me and I wanted to share.

If you are a Verizon wireless customer who formerly had a combustible Galaxy note 7 and are now locked into a payment plan with an alternate phone, Verizon may have a credit for you to get a "free" note 8. This isn't anything you've seen advertised so read this. It's not the currently advertised deal by Verizon or Samsung. Its better.

As of last week I was still stuck with 500 worth of payments on my S7 edge that I purchased when I turned in my old combustible note 7. I recently went to Sams club hoping to transfer my current line to one of my children so I could upgrade to the new Galaxy note 8 taking advantage of the sams club gift card offer. The deal wouldn't go through initially at Sams club. They didn't know why but they said for some reason it is telling us you need to go to the actual Verizon store. I was a little upset but I decided to go to Verizon and see what was going on. I'm glad I did. They opened my account and saw that there was a note on my account saying that as of 9/20/17 (the next day) I was eligible for Verizon to buy off the rest of my S7 edge, giving me a free upgrade. This isn't anything that shows up online and it isn't being advertised. I think its one of those you have to ask for it promotions. You have to talk to a Verizon representative. So I waited until the next day and I called Verizon and they indeed bought out my former phone over the phone. Best part is, they said the phone is mine to keep. Initially he thought I was gonna have to send it in, but then he came back and said actually you keep the phone, but if you wait until your first bill comes and then choose to trade it in, they will still apply it like the current trade in special which he said would be about 20 per month or half of the note 8. After the buyout was complete, I went to Sam's club and bought the new note 8 with the 200 gift card and free 360 degree camera promotions.

Just to recap: I got a 500 instant phone buy out, estimated 480 as monthly credit when I trade it in as per the current Verizon promotion that I'm still eligible for, 200 gift card from Sams club, 200 camera from Samsung, all for a 1000 phone. I come out a few hundred bucks ahead all things considered.

I suppose YMMV. The Verizon guy said only some of the accounts were flagged with the promotion depending on when you owned the note 7, when you returned it, etc. It's worth calling your Verizon or going in to see if your account is flagged. If so, Enjoy your new note 8, gift card, and camera.
Share
Good deal?
You gave rep to marcuscrosby for this post.
Thank you!
marcuscrosby posted this deal. Say thanks!
Give Rep Points
Add Comment
Created 09-21-2017 at 11:51 AM by marcuscrosby
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
-7
15,876 Views
Want more deals like this? Create a deal alert for Cell Phone Plans & Services.
Add Deal Alert

99 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
L4: Apprentice
432 Posts
76 Reputation
Pro
#2
Maybe a excellent deal if it can be replicated. Anyone brave enough to try?
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Dec 2013
L1: Learner
21 Posts
18 Reputation
Original Poster
#3
Don't need bravery. Just a phone call to Verizon. I can actually show my email confirmation of bill credit and the gift card in hand. Its legit.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2009
L5: Journeyman
700 Posts
187 Reputation
#4
Huh? I'm trying to read and understand this but how does this equate to a "Free" Note 8?

From what I can tell, you had to pay $500 to pay off your current S7Edge, but you get to the special trade-in promo value of $480 towards a Note 8, so basically those costs cancel each other out. Then what it sounds like is you just got the Note 8 at Sam's Club and they have a $200 gift card and the 360 camera preorder promo.

Don't you still have to pay $960 (or the equivalent as the trade-in credit cancels out your buy-out) for the Note 8, but you get the extra $200 gift card and the 360 camera (that everyone who preordered got)? Unless somehow the upgrade cost for a Note 8 is significantly lower (or if there is a difference at all), wouldn't the normal Samsung trade-in offer (trading in an iPhone 5) for Note 7 owners be a better deal?
Reply Helpful Comment? 0 1
Last edited by deanzel September 21, 2017 at 12:09 PM.
This comment has been rated as unhelpful by Slickdeals users
Joined May 2014
L4: Apprentice
489 Posts
404 Reputation
Pro
#5
Quote from imhotep6
:
Maybe a excellent deal if it can be replicated. Anyone brave enough to try?
I called up AT&T and they price matched Sprints 50% off deal for the Note 8 and waived the activation fee. So it is $480 + $57 for taxes, after 2 payments through their Next program I can pay it off completely which is different from Sprint in that it is treated as a bill credit. So you never know. AT&T has never done anything like that for our account but they mentioned since we hit the 10+ years threshold with them that they are willing to help us out more...so
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Jan 2011
L5: Journeyman
541 Posts
50 Reputation
#6
Trying this right now. But I have to transfer an agreement to an eligible line for a buyout.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined May 2014
L4: Apprentice
489 Posts
404 Reputation
Pro
#7
Quote from deanzel
:
Huh? I'm trying to read and understand this but how does this equate to a "Free" Note 8?

From what I can tell, you had to pay $500 to pay off your current S7Edge, but you get to the special trade-in promo value of $480 towards a Note 8, so basically those costs cancel each other out. Then what it sounds like is you just got the Note 8 at Sam's Club and they have a $200 gift card and the 360 camera preorder promo.

Don't you still have to pay $960 (or the equivalent as the trade-in credit cancels out your buy-out) for the Note 8, but you get the extra $200 gift card and the 360 camera (that everyone who preordered got)? Unless somehow the upgrade cost for a Note 8 is significantly lower (or if there is a difference at all), wouldn't the normal Samsung trade-in offer for Note 7 owners be a better deal?

Small inconsistency, he said note 7 and 7edge, I am assuming it was the note 7. But they paid off his $500 he owed, he will trade it in for 480 credit, so it will be half price Note8 for him. And you can buy the VR camera for like $100 on ebay. $200 Sam's club card is a nice addition
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2009
L5: Journeyman
700 Posts
187 Reputation
#8
Quote from GlockGuy07
:
Small inconsistency, he said note 7 and 7edge, I am assuming it was the note 7. But they paid off his $500 he owed, he will trade it in for 480 credit, so it will be half price Note8 for him. And you can buy the VR camera for like $100 on ebay. $200 Sam's club card is a nice addition
So Verizon themselves covered (or waived) the rest of the remaining payments for his S7E (which was $500) and he got to keep the phone which he can then use as part of the trade-in bonus? Or did he have to pay Verizon off the remaining $500 of payments in order to buy off the phone. That's the critical part that I'm not seeing very clearly.

I'm asking for solid details because I was researching this before as well being a Verizon Note 7 owner.
Reply Helpful Comment? 0 0
Last edited by deanzel September 21, 2017 at 12:14 PM.

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined May 2014
L4: Apprentice
489 Posts
404 Reputation
Pro
#9
Quote from deanzel
:
So Verizon themselves covered (or waived) the rest of the remaining payments for his S7E (which was $500) and he got to keep the phone which he can then use as part of the trade-in bonus? Or did he have to pay Verizon off the remaining $500 of payments in order to buy off the phone. That's the critical part that I'm not seeing very clearly.

I'm asking for solid details because I was researching this before as well being a Verizon Note 7 owner.
From what he said, they purchased out his remaining lease value and told him he could keep the phone which he will then trade in for the $480 off the Note8...I mean only he can clarify, this is just how I am reading his post
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2009
L5: Journeyman
700 Posts
187 Reputation
#10
Quote from GlockGuy07
:
From what he said, they purchased out his remaining lease value and told him he could keep the phone which he will then trade in for the $480 off the Note8...I mean only he can clarify, this is just how I am reading his post
Yes, that is the critical distinction for me. I don't see how or why Verizon would just waive his remaining device payments, while letting him keep the phone as well. If this is true, I'm actually in the situation where we still have to payoff our S7E phones (all 4 of them) and then sell them on the 2nd hand market because Verizon is only offering $175 for the phone if you trade it back into them normally (without buying a Note 8 through them, as I bought the Note 8 through Samsung). At least, this was the policy a couple weeks ago.

I'd be just fine if Verizon waived the rest of my S7Edge payments and I gave the phone back to them to be honest...
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2006
L2: Beginner
50 Posts
208 Reputation
#11
I did an online chat with Verizon inquiring about device payout for previous Note 7 owners, the rep said:

For you to take advantage of the offer "Service credit for the balance remaining on existing device payment loan agreement" you have the option to contact our Sales Team or visit a local Verizon Wireless Store to upgrade

I asked for clarification on if there were any restrictions and he indicated that I should go to a Verizon store as they will see the alert on my account. I am not interested in upgrading to a Note 8 necessarily but I would be happy if they paid off my device as a previous Note 7 owner.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2011
L3: Novice
173 Posts
87 Reputation
#12
I just called Verizon and was given a bs run around by some preachy person, I'll try the sales team.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Jan 2011
L5: Journeyman
541 Posts
50 Reputation
#13
Partial success. Verizon agreed to buyout my phone. However I won't be able to get the trade promotion through Costco, only through verizon stores. Luckily, I have a samsung upgrade offer.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
World dominator and rebel
37,696 Posts
4,037 Reputation
#14
damn, I regretted many times not having bought a couple of them Frown
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Jan 2011
L5: Journeyman
804 Posts
310 Reputation
#15
Quote from deanzel
:
Yes, that is the critical distinction for me. I don't see how or why Verizon would just waive his remaining device payments, while letting him keep the phone as well. If this is true, I'm actually in the situation where we still have to payoff our S7E phones (all 4 of them) and then sell them on the 2nd hand market because Verizon is only offering $175 for the phone if you trade it back into them normally (without buying a Note 8 through them, as I bought the Note 8 through Samsung). At least, this was the policy a couple weeks ago.

I'd be just fine if Verizon waived the rest of my S7Edge payments and I gave the phone back to them to be honest...
Doesn't hurt to just go in the store to see what their sales team say. From reading OP's post it does seem like Verizon bought out his S7 Edge phone and he had the option to keep it or trade it in for a $480 value. I assume his math was $900ish for Note 8 - $480 trade in - $200 GC - $200 camera = ~$20 ish out of pocket paid, only if you can sell the camera for that much..
Reply Helpful Comment? 0 0
Page 1 of 7
1 2 3 4 5
Join the Conversation
Add a Comment
 
Copyright 1999 - 2018. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard