Amazon today announced they're increasing the membership fees for monthly Prime memberships from $10.99 a month to $12.99. The cost for the annual membership is not increasing and will stay at $99 a year.
If you were on the monthly plan before and didn't take any months off, you annual cost for Amazon Prime was $131.88. Now you'll pay $155.88 for the same service, an 18% increase. The monthly membership is not a good deal unless you plan on only having an active membership for a max of seven months a year.
The change is definitely a nudge to get more people to opt for the annual membership, because Amazon knows that if you're a Prime member, you will spend a lot more money on their site than people who are not.
Student memberships are also seeing an 18% increase in the monthly membership, going from $5.49 to $6.49. Annual student Prime memberships are $49, and you get the first six months free to try it out.
People on government assistance will not see their rates go up from the $5.99 a month they're currently paying.
h/t to ElectroFuse for posting it first in the forums.
Want to see how much you spent on Amazon last year? Watch the video below to find out how to see your total!
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