Verizon 's "Buy One, Get One" (BOGO) and "Free iPhone" promotions are structured financial agreements designed to lock in long-term service commitments rather than traditional retail discounts. As of April 2026, these deals generally provide credits over a , meaning the "free" phone is only truly paid off if you remain a customer for the full three years. How the BOGO Mechanism Works

Rather than receiving the second device immediately for $0 at the point of sale, you enter into two separate installment agreements.

: The second device must be of equal or lesser value than the first, often capped at a specific amount like $830 . Core Eligibility Requirements

: Verizon applies a monthly "promo credit" to your statement that offsets the cost of the second ("get one") device.

: You make monthly device payments for both phones at 0% APR.