Here's how to save up to $700 on the new OnePlus 8 5G right now

The OnePlus 8 is one of the priciest OnePlus smartphones to date, but with Verizon's latest deal on the device, you could get one in your hands for as low as $100 with monthly device payments. Though the phone is regularly priced at $799.99 there, you can save up to $550 off its cost when you trade in an eligible device and add a line on select Unlimited plans.

If you're not currently a Verizon member, you'll also earn a $150 prepaid card when you switch to Verizon, port-in your old number, and add the OnePlus 8 to an Unlimited plan. You'll also need to visit Verizon's Digital Rebates Center and enter code VZONEPLUS along with the requested information to complete the prepaid card offer.

There are a ton of different devices you can trade-in to score the $550 discount, such as iPhone models as far back as the iPhone 6, Samsung Galaxy devices such as the Galaxy S6, any Google Pixel device, and select OnePlus phones, among others. You'll receive the full $550 discount by adding your new phone to an Above, Beyond, Do, Play, or Get Unlimited Plan. Other Unlimited plans offer a $350 discount. The savings are applied to your bill over the course of 24 months, which is also the duration of the phone's monthly payment plan.

The OnePlus 8 device at Verizon, dubbed the OnePlus 8 5G UW, was specifically designed to support Verizon's 5G network, and you'll even receive 5G access at no extra charge (where available) with a new line activation on a Play More, Do More, or Get More Unlimited plan.

New Verizon members will even score a free Amazon Echo Dot smart speaker and Amazon Smart Plug when you port-in your old number and add a line on any Unlimited plan; redemption details will be sent in an email about two weeks after switching to Verizon.

Our review of the OnePlus 8 from last month can guide you through the best features and some of the downsides of the new device if you're looking to learn more before buying.