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Top Story: Your cellphone company has a new way to rip you off

Top Story: Your cellphone company has a new way to rip you off

Judging by your outrageous monthly phone bill, you may be thinking your cellphone company couldn't possibly take any more money from you. That's unfortunately not the case.

On Monday, Verizon rolled out a hefty phone upgrade fee of $20, $40 if you upgrade while staying on the 2-year plan. Even worse, AT&T jumped on the same bandwagon and increased their upgrade fee by $5 to match Verizon's. Don't even think about staying on the 2-year plan while upgrading with AT&T, that will cost you a whopping $45.

Of course there is a way around AT&T's fee, if you happen to have the full $600 or so dollars it takes to pay off your phone in full. Thankfully, this new fee will waive the previous activation fee. That is, unless you're opening a new line.

Though the upgrade fees are the same, the key difference between Verizon and AT&T is that AT&T will charge this fee no matter what, even when you're trading in your old phone. So much for that nice little discount you used to get when you traded in your old phone.

While AT&T didn't provide any reasoning, Verizon claims the fee is to, "cover our increasing support costs associated with customers switching their devices." Regardless of the reason, consumers are annoyed by these increased fees.

So far, T-Mobile is the only carrier that does not charge an upgrade fee. Let's hope they stick to it.

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Source: The Verge
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