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.
Alternatively, new members interested in Prime can sign up for a free 30-day Prime trial and lock in the $119/year rate before February 18.
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.
For more Amazon tips, make sure to check out our Amazon buying tricks and Amazon deals guide to save money on all of your Amazon purchases.