Effective May 11th, Amazon will increase the price of its annual Prime Membership by $20 to $119. The announcement came after Amazon announced huge earnings and growth across the board in the 1st quarter.
The company is attributing the increase to a spike in its service costs. Just last week, Amazon announced that it had more than 100 million prime members globally.
This announcement comes just 3 months after they increased the price of their monthly membership by $2 to $12.99.
Existing Prime Members will have until June 16th to renew at the current $99/year price.
Student memberships will increase to $59 per year.
Medicaid or EBT cardholders can have Prime for only $5.99/month
Amazon Prime Members receive:
- Free 2 day shipping or less on millions of products
- Access to Prime Video
- Prime Music
- Unlimited Photo Storage
- & Much More
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