Devices which can be traded in to be eligible for this offer include the Galaxy Note 5, the Galaxy S6, the Galaxy S6 edge or the Galaxy S6 edge+ as well as the iPhone 6, HTC M9, LG G4 and the LG V10. Verizon promises to give up to $300 for the existing device though the actual offer might be different based on the condition of your device. If you do decide to trade-in your existing device you will either have to upgrade to add a new line. New customers who opt for this offer are going to receive a Verizon electronic gift card of the trade-in value within two weeks while existing customers will receive an account credit for the value in 1-2 billing cycles. The Galaxy Note 7 costs $36 per month on Verizon’s monthly installment plan.