Martin Lewis has told Amazon Prime customers of a clever trick they can prevent their subscription costs going up and in turn save more than 15 quid a month.
Thanks to the cost of living crisis, more and more daily essentials are rising in price. And it looks as though streaming service Amazon Prime is the latest casualty.
Martin Lewis issued a warning to current customers of Amazon Prime to expect more expensive subscriptions coming soon, due to inflation and increased operation costs at Amazon. But the money saving expert wasted no time dishing out his top tip to avoid paying more ahead of the change.
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In a Tweet, Lewis said: “On 15th Sept, the monthly membership price increases from £79 to £95. If you currently pay monthly and want to keep it, if you can afford switch to annual now to get next year at £79.” Unfortunately, the trick only applies to current customers, so if you are new, you will still have to pay the full £95 when prices go up.
Prime subscription price is due to increase from £7.99 a monthly to £8.99 from September 15 for new customers, or on the date of the customer's next renewal of the service. The annual membership cost will increase from £79 to £95 a year for UK customers and is the first price increase since 2014.
A spokesperson for Amazon said: "With increased inflation and operating costs in the UK continuing to rise, we will change the price of Prime." The price hike comes only months after streaming service Netflix added extra fees onto their service. The cost of it standard plan increased by £1 and the premium plan increased by £2.
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