How To Lock In Amazon Prime’s Cheaper Price
Amazon will soon raise the price of its Prime membership in the US to $139 per year. That’s an increase of $20, up from the $119 annual fee that was instated four years ago. The price hike is meant to address higher costs Amazon is facing across the board, from shipping to labor to construction, although the company has done pretty well over the last couple of years.
The new price will go into effect for new members on February 18th. Current members will see the price increase on renewals after March 25th. The price for a monthly Prime membership is also going up to $14.99 per month from $12.99 per month. Prime’s price is not changing in other countries for now.
Amazon Prime first launched in the US in 2005 with a price of $79. Is was then increased to $99 in 2014 and then again in 2018 to $119.
Lock In $119 Price Now
If your Amazon Prime membership just renewed, or will renew before March 25th, then you’re lucky. If you’re not sure when your renewal date it, you can check here. However it is possible to lock in the $119 price for the future as well.
Amazon has a page where you can “Give the gift of Prime“. You can gift someone a Prime Membership, or just gift it to yourself. By gifting to yourself you can also lock in today’s price for a future renewal. You can set the gift date to a later time, just before your membership expires. Amazon will send you an email on the day you choose along with redemption instructions. Or, you can send it now and just save it in an email folder etc.
Be sure to set a reminder on your calendar for the a day or two before your membership is set to renew so you can cancel it. You will not be able to use the “Gift of Prime” until after your account drops its Prime status. If you try to add a year to your account now it will ask you to convert it into a gift card. Your current subscription must end before you can activate the gift of Prime.
This way you can pay just $119 now and renew later.
A $20 price increase is considerable. That’s a price hike of almost 17%. If you shop often on Amazon and take full advantage of the perks that Amazon Prime give you, then it maybe still be worth it. But you will need to evaluate this for yourself.
Will you continue to pay for Amazon Prime? Are the perks worth $139?
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