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How To Beat The Amazon Prime Price Hike

On May 11, Amazon Prime will be raising its annual fee from $99 to $119. If you’re already a member, you’ll see the increase reflected when your membership is renewed beginning June 16.

If you want to guard yourself against the 20 percent pay hike, there is a simple step you can take that will ensure your current subscription fee for the next year.

Business Insider revealed a hack that is so obvious, you’ll wonder why you never figured it out yourself. Here’s the deal: sometime before May 11, buy a 12-month gift subscription for $99, go to your account settings and turn off auto-renew, then redeem your gift subscription once your annual membership ends. That’s it.

According to BI, you can also split the cost by splitting the annual fee with a loved one through Amazon Households. You’ll have to figure out a way to split the payment, but you’ll be able to share Amazon Prime perks, like waived shipping fees for two adults and up to four teens and four child profiles.

As Business Insider points out:

If you have access to a university “.edu” email, then you can sign up for a free six-month trial of Prime Student and then pay 50% the price traditional subscribers pay ($6.49 per month and $78 per year) for the next four years or until your graduation date (which you include upon sign-up) — whichever comes first. However, if you’re coming up on the end of a student membership (or inevitably will) it might nonetheless be a good idea to take advantage of the gift subscription workaround.

If saving yourself $20 a year is worth a little bit of a hassle, you know what to do.

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