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Finance rate

Was looking for the interest charges for phone purchase. Couldn't find my paperwork. Was just interested to see how much I might save if I paid off my phones early. Thanks!

Re: Finance rate
Sr. Leader

Um... Where have you been since 2014?  Installments are a $0 interest purchase.  If you decide to pay off your phone online, which you can do it anytime with a credit card, the only thing you save is the monthly stated charge for your installments, which will lower your monthly bill by that amount. If you are getting any credits for any promotion against that installment those credits will cease.


Re: Finance rate
Customer Support

Hi, Mordenlikey! The great news about signing up for a device payment agreement with us is there are no interest charges. You're paying the full retail price of your phone off over your device payment term. You can complete a device payment buyout via My Verizon using the steps here: (refer to device payments and making installment payments #5) I hope this helps.