Verizon has started its competitive game by reducing the prices of some of today’s most formidable flagship smartphones to just $99.99 on a 2-years contract. Namely, they are the Samsung Galaxy S5 and the HTC One M8. There is a catch, though apart from signing up for two years, prospective Galaxy S5 owners also have to put in a $50 mail rebate.

Before setting the $99.99 price in stone, Verizon carried both the S5 and the M8 at $199.99 with the option of buying one phone and getting another free with a contract, of course.