Only if you have the appropriate plan which I believe is $79
Only if you have the appropriate plan which I believe is $79.99 or more a month. If you have less than that you only get $50 towards a new phone via the new every two.
And there are also some catches in that, which I ran into. My plan is 79.99, but only 39.99 in calling and 40 for data, apparently to verizon this doesn’t count as you need 79.99 for just the voice portion, data is just an “add-on”. But if you complain enough to them and point out their poorly worded FAQs and Terms, they should be able to work out a deal for you to get your full $100.