For those of us planning to use our New Every Two, this is the official Verizon policy:
New Every Two®
I think I'm currently enrolled in your New Every Two® program. How do I know what my discount will be if I want to upgrade my phone?
You can check your New Every Two eligibility by signing into My Verizon. If you were enrolled in the program on February 15, 2009 or later, you are eligible for a credit of up to $30 or $50 depending on your plan, with a two-year renewal. If you were enrolled prior to February 15, 2009 and continue to meet the requirements of the program, you will qualify for a credit of up to $50 or $100, depending on your plan. In either case, you will be able to redeem your New Every Two credit one more time for an upgrade for up to six months from the New Every Two Redemption Date. After that time, you will not be re-enrolled.
New Every Two®
I think I'm currently enrolled in your New Every Two® program. How do I know what my discount will be if I want to upgrade my phone?
You can check your New Every Two eligibility by signing into My Verizon. If you were enrolled in the program on February 15, 2009 or later, you are eligible for a credit of up to $30 or $50 depending on your plan, with a two-year renewal. If you were enrolled prior to February 15, 2009 and continue to meet the requirements of the program, you will qualify for a credit of up to $50 or $100, depending on your plan. In either case, you will be able to redeem your New Every Two credit one more time for an upgrade for up to six months from the New Every Two Redemption Date. After that time, you will not be re-enrolled.