Amazon Prime has announced the following price increases (note that some links will show up if you are viewing this via e-mail newsletter, please read online):
- Starting February 18th, 2022, new members will be charged $139/year for an annual Prime membership and $69/year for an annual Prime Student membership.
- Starting March 25th, 2022, existing Prime members with an annual membership will renew at a rate of $139/year. Prime Student members with an annual membership will renew at a rate of $69/year.
You can still buy a Gift of Prime Membership for $119 (plus applicable taxes). It is unknown when this will increase in price. Here’s the rundown.
- You can cancel the auto-renewal of your Amazon Prime membership in your account. You may have to go through a lot of “Are you sure?” prompts. They make it feel like you’re canceling your membership right then and there, but again you’re just canceling your auto-renewal. Your Prime membership will still continue through your anniversary date.
- Buy a Gift of Prime Membership for $119 (plus applicable taxes) and send it to yourself or alternative e-mail. Note that if you try to apply the Amazon Gift of Prime when you have an active membership, it won’t work. You just get the exact value paid (including any taxes) in the form of an Amazon gift card. The goods news it that you can’t ever lose any value.
- Set a calendar reminder of when your Amazon Prime year expires, and keep that e-mail with the gift membership link (perhaps in a special folder). If you apply the Amazon Gift of Prime the day after your current membership expires, then it will renew you with one year of Amazon Prime. You don’t need to start a new Amazon account or change your e-mail, everything will carry over from before. You’ll simply not have Prime for a day or less. Easy.
You can also choose to buy multiple years of Gift of Prime membership. Again, the worst case it that you redeem it for Amazon credit in the exact amount paid initially.
I also did this when Amazon hiked the price of Prime in 2018:
Note that if you have an older grandfathered Amazon Prime that lets you have 5 household members share the benefits, you may not want that to expire.
Amazon Prime has a bunch of features beyond the faster shipping that are useful to me, including the Amazon Video and Amazon Music apps. There are also Prime-only deals throughout the year that try to take advantage of in order to offset the annual membership cost. On the other hand, it has been almost too easy at times to buy things on impulse.
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