(Photo : ALASTAIR PIKE/AFP via Getty Images)
The Verizon logo is seen outside a building in Washington, DC, on July 9, 2019.
Verizon increases the prices of its older Unlimited plans in the United States, requiring users to pay more every month.
The new pricing is now in effect, shortly after the giant carrier announced the looming price hike for some of its postpaid plans. While the more expensive monthly fee affects existing customers, new users will not have to pay more.
Verizon Increases Prices for Older Unlimited Plans
According to CBS News, Verizon confirmed last month that it is gearing up to increase the monthly price of its older phone plans. The announcement, as early as March, seeks to encourage its existing customers to upgrade to newer offerings that come with 5G.
Last month, the Big Red said, "customers who are currently on - or choose to stay on - older Unlimited postpaid wireless plans from seven years ago will be notified of a new rate plan adjustment."
The carrier notes that the new pricing will be stated in the next bill of their customers, as well as in a separate email and direct mail. It should tell them how much it would cost if they wanted to continue using these "legacy plans."
And now, the more expensive pricing applies to the existing customers of Verizon who are still subscribed to older phone plans. All affected legacy plans are getting at least a $2 increase in monthly fees. The new pricing took effect on April 10, as per Phone Arena.
Read Also: Is Verizon Really The Most Reliable LTE Network In The US?
LEVITTOWN, NEW YORK - SEPTEMBER 15: A general view of a Verizon store on September 15, 2022 in Levittown, New York, United States. Many families along with businesses are suffering the effects of inflation as the economy is dictating a change in spending habits.
Which Older Verizon Plans Are Affected?
The support page of Verizon notes that the "Plan Rate Adjustment" covers some of its older Unlimited mobile plans, which the carrier no longer offers to new customers.
If you are a "Go Unlimited 1.0," "Go Unlimited Welcome Back," or "Go Unlimited Loyalty" user, you now have to pay $2 more every month. The same applies to subscribers of "The New Verizon Plan Unlimited $110" and "The New Verizon Plan Unlimited Smartphone $65."
On top of these older plans, the monthly fees for "Unlimited Business Plan" and "Beyond Unlimited 1.0" now come with a Plan Rate Adjustment of $2. Maintaining the "55+ Unlimited Plan" and "55+ Loyalty Unlimited Plan" now costs more, specifically $2 monthly.
However, customers with a "Single Basic Phone Plan," which costs $30 a month, are luckily unaffected by the recent price increase.
The Big Red is encouraging its existing customers clinging to these older plans to get their hands on their newer offerings to avoid the price hike. The US carrier further notes that following this route might give them "more value and flexibility." Switching to a current Unlimited plan might make them eligible to bargain discounts.
If users of the aforementioned Unlimited plans decide to continue maintaining their subscription, they will now have to pay slightly more.
Related Article: Verizon $300 Discount on Phone Bills: Eligibility, Requirements and How to Register
