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Verizon Offers Flash Discounts and Teases New Loyalty Program to Stem Subscriber Losses

Verizon is deploying one-time $20-per-line cuts via transfer PINs to win back subscribers as it readies a percentage-based rewards program after removing legacy discounts.

Threatening To Leave Is Paying Some Verizon Customers Big Time
Verizon's decades-long bond with customers is now cracking, and you might not be surprised why
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Overview

  • Verizon will end $10–$25 monthly loyalty discounts per line on Sept. 1, triggering customer outrage and social media threats to switch providers.
  • The carrier lost about 51,000 postpaid subscribers in Q2 while wireless postpaid churn held at 0.9%, reflecting growing defections over price hikes.
  • Beginning Aug. 7, customers who request a transfer PIN through the My Verizon app can access a one-time $20-per-line discount for 12 months.
  • Executives have indicated that a new loyalty program offering between 10% and 25% off total account bills will launch later this month.
  • Free Apple Arcade and Google Play Pass subscriptions will be discontinued on 5G Get More and Play More plans starting Sept. 22.