The deal is as follows: If you switch to Verizon, port-in your number while buying a phone on a device payment plan, and trade-in your current phone, they’ll give you a $150 MasterCard prepaid card, along with up to $300 off for your trade.
As with any Verizon deal, the goal is to lock you in for 2 years on a device payment plan, so that trade-in value is spread out over 2 years. Additionally, the $150 MasterCard could take up to 8 weeks to arrive.
As for which phones you can trade, the full list can be seen below. Some of the values that stick out to me are the Galaxy S7, iPhone 6s, and Pixel for $300 off, plus the Moto Z, Galaxy S6, and G5 for $200 off. When you combine those trade values with the $150 MasterCard, that’s not a bad discount on a new phone with your new life on Verizon.