What is the deal with verizon phones and getting 100##Question_Title###39;s off?

Question

I've heard that after two years when your contract is up they give you one hundred dollars towards a new phone?

Answer 1

it is a "program" they have to lure back into new contract.. I have Verizon.. you can upgrade your phone.. got my wife a "Curve" for free... $169 phone..  

Answer 2

I don't know about other phone contracts, but with Verizon,

after eight months they give you and upgrade towards a new phone

so that's $100 dollars off any phone in the store.