27/09/2022

  • News

Amazon Prime is increasing monthly and annual fees

Subscribers to Amazon Prime, both new and existing, can expect a price hike in 2022.

Amazon Prime is about to get more expensive for both new and existing customers. Amazon made the announcement today through their Q4 2021 earnings report. 

The price of an Amazon Prime subscription will be increased from $119 USD to $139 USD annually, and $12.99 USD to $14.99 USD for monthly subscribers. Amazon states that this is due to the growing services provided to Prime members.

Anyone who signs up for a new Prime account can expect the price change to kick in on February 18, 2022. Existing Prime members will see their rates increase starting March 25, 2022. It’ll be interesting to see how Amazon handles this in other countries due to exchange rates, as applying those rates could push prices even higher for members not in the U.S.

The hike in Prime membership fees wasn’t the only news to come out of the Q4 2021 earnings for Amazon, as the company massively beat EPS expectations, and Amazon Web Services revenue was up 40% in Q4 2021. You can also visit our AMZN tag to read more about the financial side of Amazon.