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Verizon's new unlimited-data plan could get you a new phone

Trade in certain older models and you could choose from newer devices including the iPhone 7, Galaxy S7 Edge, Google Pixel.

Now playing: Watch this: Jumping on AT&T's cheaper unlimited plan? Not so fast...

Verizon's rolling out a new unlimited data plan called Verizon Unlimited-- its first since 2011, the company said Monday. And for the moment, the plan also comes with a new phone when you make the switch.

For $80 a month, the plan offers unlimited data, talk and text. The price bumps up to $140 for two lines, $160 for three, and $180 for four lines.

Verizon didn't give a time frame for when the offer for the free phone expires.

The available phones include the Google Pixel, iPhone 7, iPhone 7 Plus, Samsung Galaxy S7 and Samsung Galaxy S7 Edge, as well as the LG V20, Moto Z Droid and Moto Z Force Droid.

There are a few steps to take before you can grab that new phone. You have to drop your current carrier and bring your phone numbers to Verizon, sign up for the introductory Verizon Unlimited plan, pick out the device payment plan and trade in a device -- one of 15 that are eligible for the program, including the iPhone 6, Samsung Galaxy S6, Samsung Note 5, and other older models.


Verizon is offering an unlimited data plan again.

Richard B. Levine, Corbis via Getty Images