Verizon's No-Contract Plans Miss the Mark
Neither of these plans require a service agreement, and at a glance, they seem to be killer responses to T-Mobile's new pricing plans. So, what's the catch? Verizon's new plans only apply to a collection of four feature phones, including the LG Cosmos 2, LG Extravert, Samsung Gusto 2, and Samsung Intensity III. There's nothing to see here for smartphone shoppers.
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This isn't the response to T-Mobile the Verizon faithful were hoping for. Following T-Mobile's recently rollout of simplified pricing plans, Verizon CEO Lowell McAdam said he too would be open to eliminating service contracts. These plans, however, miss that mark by a mile, at least when compared with what T-Mobile's doing.
To be fair, Verizon's new plans aren't targeting the same group of users. They're aimed at budget buyers looking for a cheap plan, and as such, Verizon actually compares well against some of the smaller carriers out there. Boost Mobile, for example, offers a $50 plan with unlimited talk, text, and web, though if you pay your bill on time, that rate eventually goes down to $35/month.