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Verizon drops prices, but there's a catch

Verizon has been the number-one cell service provider for a while now, but AT&T, Sprint and T-Mobile have cut prices and upgraded packages recently to try and steal that title. Now, Verizon has responded by reducing its data charges to attract new customers and stop current users from switching to its competitors.

The mega cell phone provider is knocking $10 a month off the data bill for MORE Everything customers that have plans that include 1 GB, 2GB, 3GB or 4 GB of data month. Current Verizon customers can choose to keep their current data limit and lower their monthly bill or keep the existing charges and receive an extra gigabyte of data every month.

So someone with a 2GB plan is currently paying $50/month. If they take the free data option, their data plan jumps to 3GB for the same price. Or they can elect to stick with the 2GB and see their data bill drop 20% to $40/month.

Verizon is offering better discounts to Edge customers, too. Users can now receive a $15 discount every month on plans with 4GB of data or less. Customers that have plans with 6GB of data or more will receive a $25 discount every month.

Next page: But wait! There's always a catch. See what you must do now to get these savings.
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