Just got off the phone with a Verizon representative. Since I was planning on purchasing two S7 Edges to replace our two Note 7's at either Costco (free $175 gift card with purchase) or Best Buy (Free TV with each purchase), I wanted to know how to return our Note 7's since I wasn't doing an upgrade via the Verizon website.
I was told to just keep the Note 7's. They didn't want them back. I was shocked. He said since I've been credited the monthly installment payments and my upgrade eligibility date as been reset, I can go ahead and buy what ever I want. Or not. He also said the $25 credit should show up in the next billing cycle as well as the taxes I paid on the phones.
I really don't want to get into a payment plan or pay full retail on a phone I really don't want. Actually two phones. But I also don't want to be carrying a possible self igniting road side flare in my pocket.