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Friday, November 6, 2009
As Verizon Hikes Early Termination Fees, Sprint Stays The Same
This week, as Verizon is introducing it's first Android device (which Sprint has two of, mind you), they also had a smaller announcement that I bet they wanted to let slip quietly amid big phone launches. That is, that they are doubling their early termination fees. Now, they say that it will only apply to "advanced devices," which pretty much means smart phones, and only contracts signed after November 15. But coming from a company that requires an (expensive) data plan on one of their non-smartphones, the Samsung Rogue, I wouldn't count yourself out of the new termination fee in the future with non-smartphones. If you didn't know what their fee was before, it was $175, which makes the new fee a whopping $350! If you are planning on switching to Verizon, I would definitely beware of this fee raise, especially because the network is very expensive with data plans ($30 for unlimited data for a smart phone). Sprint and others haven't followed suit, and Sprint even went as far as to tweet to their customers that they are keeping their early termination fees at $200- not bad. Considering that all of Sprint's services are also cheaper, this is a great deal for Sprint customers, especially ones that might need to cancel.
A Cnet article about the termination fees can be found here.
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