On Thursday, Amazon declared huge profits for the fourth quarter. But there is a piece of bad news for Amazon customers. As Amazon is increasing the price for its famous Amazon Prime Membership. Soon price will inflate from $119 to $139 for annual subscribers. And for monthly members price will hike from $13 to $15 ($156 to $180 for 12 months). Since 2018, this is the very first time Amazon has inflated the price of Amazon Prime. When the price is set off from $99 to $119 per year (or from $11 to $13 per month). In 2005, the premium subscription service was formerly initiated for $79 per year.
How much does Amazon inflate the price of Amazon Prime?
For most people, Amazon Prime’s price will switch from $119 per year to $139, or from $13 to $15 a month. Price will also inflate for other low-income and students subscribers.
Members of Prime Student will shortly be paying $7.50 per month or $69 per year. The monthly price will inflate from $6 to $7 for the beneficiary of Electronic Benefit Transfer and other qualifying types of government help.
When Amazon Prime price will change?
On 18 February 2022, the Amazon Prime price will change for new Prime accounts. And for current accounts, the price will change on the first continuation payment after 25th March 2022.
Why Amazon is hiking the price of Amazon Prime?
Despite witnessing excellent growth in the earnings of the fourth quarter, Amazon listed out multiple aspects in its press release that are responsible for the increase in price. It includes more shows on Prime Video that possess a big budget. Like Jack Reacher, The Wheel of Time, and those to arrive at The Lord of The Rings: The Rings of Power
As well as his tenner of complete license to NFL’s Thursday Night Football. Amazon also disclosed extended accessibility for current-day delivery in the US to 90 metro areas. Also, more deals on products and free shipping on more products or items.
How can you save money before Amazon Prime price switches?
If you’re taking into consideration a Prime Subscription, this is the final time. On 18th February, new account pricing is switching. In advance, if you buy an annual subscription, through 2023 you will fasten in the annual price of $119.
Recent Amazon Prime members should go through their prime accounts to know if they are annual or monthly subscribers.