Amazon has just announced that they are raising the price of their annual Prime membership from $99 to $119, with the increase set to take effect on May 11th. The new price will apply to existing Prime members’ renewals starting June 16. AND, If your regular renewal is on or after June 16, you won’t be allowed to prepay for another year at the currently lower rate. Bummer! The cost of monthly memberships will remain at $12.99.
If you don’t have an Amazon Prime Membership, use THIS LINK to get signed up at the lower rate + a free trial! Check out all my favorite benefits of Amazon Prime here!
According to Amazon, the price hike was partly to reflect the higher costs of offering Prime, with its rising shipping fees and additional perks. The company has had a continued push to add new benefits, including the Prime Video streaming service, more same-day shipping, the Prime Now rapid delivery program and the Prime Day annual sale. The number of eligible items for two-day shipping at no additional cost increased in recent years from 20 million to more than 100 million items in the US, the company said.
This is only the second time Amazon has increased the cost of its annual Prime membership since it was first introduced in 2005. In 2014, the company raised the price to $99 from $79.
Even with the increase, I will definitely still be keeping my membership. Amazon Prime offers SO MUCH for the price!
Want more out of your Prime Membership?
- Learn how to check your Amazon credit balance
- Find out the answer to how does Amazon Subscribe & Save Work
- Find out how to beat people to Amazon Lightning Deals
- If you don’t have an Amazon Prime Membership, use THIS LINK for a free 30 day trial! If you decide you love it as much as we do, you can buy a full year for only $99, or pay just $12.99 per month!