While there is no confirmed statement or upcoming plans regarding another price hike on Prime, it is possible Amazon could increase prices again. The increase to $139 was a 15% increase over the previous price. The price increase for Prime membership plans went into effect on Feb.

It’s Always Possible There May Be Another Hefty Price HikeĪt the beginning of 2022, the cost of Amazon Prime was $119 annually. Here are some of the reasons why you should cancel Amazon Prime. If you have had Amazon Prime for an extended period of time, there may be a few benefits to canceling your subscription. While there is still the opportunity to receive a free trial of Prime, those who sign up are automatically charged for the next membership period after their trial period ends. Learn More: 3 Ways Smart People Save Money When Filing Their TaxesĪlso: Why Buying Property in These Vacation Destinations Could Be a Great InvestmentĬurrently, an Amazon Prime membership fee is $14.99 a month or $139 per year. Read: GOBanking Rates’ Best Regional Banks 2023 Increasingly, more people are being advised to cancel one of their streaming services such as Amazon Prime. It’s not uncommon to receive advice about cord-cutting if you need to save a little extra money in your budget.

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