If you’ve got an Amazon Prime monthly membership, expect to see your fees go up by 20 percent. The company is increasing the price from $10.99 to $12.99. While that may not seem like a big deal, it will bring your total membership fees to $156 a year.
There’s one way out of the price increase, but it requires more commitment. If you pay the $99 yearly fee up front, your membership fees will remain the same.
The increases membership fees will also affect the student pricing deals that Amazon has recently introduced. Instead of a 20 percent increase, students will be subject to an 18 percent spike in their monthly memberships. It will jump by a dollar, from $5.49 to $6.49. But if you purchase the membership in one fell swoop, your annual fee will remain $49.
Amazon added the monthly membership fee two years ago, as a way to attract customers who wanted the perks of Prime without the yearly commitment.
The company has not revealed how many Prime members it has. But one thing is certain: the e-commerce titan has become one of the most revolutionary companies of all time. Earlier this week, they announced their top twenty finalists for their second headquarters… Because one major metropolis is no longer enough to control Jeff Bezos’ online jungle.
When Will Amazon Prime Monthly Membership Fees Go Up in Price?
If you’re a prospective new member of Amazon, you’ll be paying more as soon as today. For existing subscribers, the price increases will go into effect on their first renewal payment after February 18.
So what makes an Amazon Prime Monthly Membership worth the price? In addition to the two-day shipping option, members receive access to the company’s video and music streaming services.
However, there is one plan that will remain unaffected by the increase. Amazon announced that the current $5.99-per-month plan that they have available for low-income persons who receive government assistance will not be subject to any price increase. This discounted membership was launched last year, and is available for people with an Electronic Benefits Transfer Card.
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Data Source: techcrunch.com, latimes.com