Target has the iPhone 5 for $149.99 this, plus you get a $25 gift card when you purchase it. They are an authorized Verizon Dealer. It's too bad the Verizon store probably won't price match. We have not bought the phone yet. I would rather deal with Verizon directly, but this deal is too good to pass up. Technically, it will be saving us $75!
There is likely additional terms and conditions with Target by purchasing the phone with a two year contract at Target.
I'm most definitely NOT a VZW employee. If a post answered your question, please mark it as the answer.