Here's the scoop on the Verizon 50% off including trade in. I knew there was a catch! If I trade in my Note 5, I receive the 50% off promo... HOWEVER, I NEED TO REMAIN WITH VERIZON FOR TWO YEARS IN ORDER TO RECOUP THE PROMO PRICE. In other words, it's a CONTRACT and I thought VZ was moving away from contracts! If I port out or pay off the phone prior to the two years, my balance is based on the $40.00 per month rather than the $20.00 per month. This promo is simply another way to lock folks into Verizon. If that's what you want, go for it.