Not too long ago we posted some rumors suggesting that Amazon would increase its Prime pricing. The speculation at that time was that it might go up to as high as $129.99 per year. The price bump is no longer a rumor and is about to take place next week, but luckily, it won't be quite that high. Amazon Prime's new price will go from $79.99 to $99.99 for the year. Students with an Amazon Prime account will see a smaller increase (although it remains proportional). Their accounts go from $39.99 to $49.99 per year.
The new pricing will go into effect immediately for new customers starting some time next week (actual date is unspecified at the time of this report). For existing customers, you will simply be charged the new higher price the next time your renewal comes due. The new price amounts to $8.33 per month if you do the math breakdown. This means that Amazon Prime is now about the same price as Netflix. Of course, you get quite a bit more than just movie and TV rentals with Amazon Prime. Here's a quick breakdown of just a few of the benefits:
- Monthly Kindle book rentals
- Free 2-day shipping for all Prime orders
- $3.99 overnight shipping (per item) for all Prime orders
- Unlimited Prime instant video streaming - plus access to digital HD rentals of new releases with prices ranging from $3.99 to $5.99 for a rental
Source: Amazon