Verizon My Rewards Plus and Smart Rewards programs feature rewards such as gift cards, travel opportunities and coupons that allow consumers to save money on merchandise. To get these rewards, consumers redeem points they earn by using various Verizon services, including paying their Verizon bills online or renting on-demand movies.
As of 2015, the rewards from the Smart Rewards program provide an opportunity to save up 40 percent when purchasing apparel, electronics or home goods, among other products. They also allow consumers to enter daily sweepstakes and take part in auctions. To be eligible for the My Rewards Plus program, consumers must have a Verizon account in good standing and no past-due balance. If Verizon terminates a consumer's account for any reason, any points he earned by participating in the program end up forfeited.