Just in time for the holidays, Best Buy is offering a great deal on the Verizon iPhone SE. The retailer is giving away a free $200 gift card with a new device payment plan starting at $9.99 per month.

Apple is expected to have a very good holiday season, as it finds many of its devices topping the lists of most wanted gifts. Its latest flagship smartphones, the iPhone 7 and iPhone 7 Plus have proven to be a hit with consumers and availability of both devices in all storage and color configurations has improved.

iPhone SE Brings iPhone 6s And iPhone 6s Plus Specs To The Small Screen

Apple has also seen sales of its 4-inch iPhone SE, which went on sale on March 24 and sell millions of units. The iPhone SE has appealed to iPhone fans who want a more pocket friendly device that has the same powerful internals as its former flagship iPhone 6s and iPhone 6s Plus at a more affordable price.

iPhone SE Outperforms Google Pixel and Pixel XL In Geekbench Benchmark

In October, we reported that the iPhone SE actually outperformed Google's new Pixel and Pixel XL in Geekbench benchmarks, showing iOS 10 coupled with the SE's A9 processor still make it a formidable contender with even the latest and greatest Android flagship smartphones.

Best Buy $200 eGift Card Free With Verizon iPhone SE Installment Plan

If you've considered purchasing an iPhone SE for yourself or as a gift this holiday season, a new promotion from Best Buy can score you the smartphone and $200 eGift card from the retailer when signing a new device payment plan on Verizon's network for $9.99 per month for the 16 GB model or $12.08 per month for the 64 GB variant. SlickDeals has provided the basic instructions you'll need to follow to qualify for this deal.

Select either the Verizon 16 GB iPhone SE for $9.99 per month for 24 months ($239.76 total) or 64 GB iPhone SE for $12.08 per month for 24 months ($289.92 total). You'll then need to click "Create a New Account" or "Add a Line" and follow the prompts to setup service and payment agreement.

You'll see a $200 Best Buy eGift card has been added to your order. On the "Verizon Terms & Conditions" page click the link under "Verizon Installment Loan Agreement" and confirm the correct cost for the iPhone SE. You'll need to complete the sign-up process and pay. A $200 Best Buy eGift card will be emailed to you within 48 hours of activation.

This deal is only good through Dec. 10 or while supplies last, so you may want to act fast!