Amazon Prime price increasing to $139/year this month — how to avoid the hike – Toms Guide
The cost of Amazon Prime is set to increase this month. During Thursday’s earnings call to go over Amazon’s quarterly performance, the e-commerce giant announced that it will raise the price of its Prime membership from $119 per year to $139 per year. Month-to-month subscriptions will also see an increase from $12.99 to $14.99.
The Amazon price hikes will go into effect starting February 18, 2022 for new members. Existing members will pay the new price starting March 25, 2022. However, if you’re one of the millions of Americans with a Prime membership, there’s a small Amazon hack you can do now to avoid paying the price increase.
Existing Prime members can gift themselves a Prime membership for $119. (It’s worth noting that you’ll be charged tax on your membership). Once you receive the e-mail/gifted membership, just let it sit in your e-mail inbox until your current membership expires.
On the day before your membership expires, log into your Amazon account to manually end your subscription. (This will prevent Amazon from automatically renewing your Prime membership at the new/higher price). Once your Prime membership has ended, you can then manually redeem your “gifted” Prime membership.
It’s an easy way lock in the $119/year rate for one more year. If your membership expires late in the year, you can even have Amazon send you a reminder three days before your subscription renews.
According to Amazon, the company is raising its rates due to the “continued expansion of Prime member benefits as well as the rise in wages and transportation costs.” Maybe it’s meant to help pay for Prime Video’s big-budget Lord of the Rings show and its massive cast. There’s also now a report that Amazon could be buying Peloton.
However, with this simple hack you can enjoy one more year of Prime at $119.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.