It's a 16 GB iPhone 6 which I am paying for each month via the Edge program increase of approximately $30 each month until paid-in-full. No free iPhone here--I'm paying for the device in full in installments. Verizon gave me a $200 gift card in December then charged me $299 in January. They refunded $99 yesterday after an hour and half of phone time. I was fine with my iPhone 4S and could have waited until June 2015 for the upgrade eligibility date but the email and my conversation with the sales rep made it sound like a no brainer...which it was until I was charged $299.