--- title: Amazon Is Increasing the Price of Amazon Prime Memberships, Including Renewals description: This is the first time it will raise the price since 2014 authors: - name: Abigail Abrams url: https://money.com/author/abigail-abrams/ at_money_since: 2017 articles: 12 covers: - Business - Economy and Politics - Lifestyle - Retirement - Shopping - Technology former_staff: true published: '2018-04-27T00:13:37.000Z' modified: '2024-04-17T10:23:59.000Z' section: Business tags: - Amazon - onetime word_count: 255 canonical: https://money.com/amazon-prime-membership-price-increase/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Amazon.com Illustrations Ahead Of Earnings Figures](https://img.money.com/2018/04/amazon-prime-logo-raising-price-members.jpg) *The Amazon.com Inc. Prime logo is displayed on computer screens for a photograph in Tiskilwa, Illinois, on April 23, 2014.* The cost of an Amazon Prime membership will jump 20% this year. The company said Thursday its annual Prime subscription fee will go from $99 to $119, according to the [Associated Press](https://apnews.com/495e706de2ed4c49883bc62a36873e71?utm_campaign=SocialFlow&utm_source=Twitter&utm_medium=APBusiness). New members will be charged the higher price starting on May 11. Existing members have a little bit longer, as the new price will apply to membership renewals starting June 16. However, if you’re a current Prime member whose regular renewal would fall after June 16, Amazon said you cannot pay early to get the lower rate, according to tech website [CNET.](https://www.cnet.com/news/amazon-to-raise-prime-membership-in-us-to-119-from-99/) Amazon executives said Thursday that the price hike was due to the rising costs of the Prime program, [CNN Money reported](http://money.cnn.com/2018/04/26/technology/business/amazon-prime-cost-increase/index.html). In addition to perks like free two-day shipping, Prime offers members access to Amazon’s music and video streaming services. This price increase marks only the second time Amazon has changed the annual cost of Prime since the program’s inception. It started at $79 and went up to $99 in 2014, according to CNET. The company [raised its monthly rates](https://money.com/amazon-prime-price-increase/) in January, bringing those prices from $10.99 per month up to $12.99 per month and raising its monthly college student subscription up to $6.49 per month from $5.49 per month. The Prime subscriber base has increased enormously in recent years. Amazon CEO Jeff Bezos told shareholders earlier in April that Prime had reached [more than 100 million subscribers](https://time.com/5245969/amazon-prime-100-million-subscribers-jeff-bezos/) around the world. Amazon also reported a [strong first quarter](http://fortune.com/2018/04/26/amazon-will-jack-up-the-price-of-its-prime-program-next-month/) on Thursday, during which its sales increased 43% from last year to $51 billion. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/amazon-prime-membership-price-increase/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Business", "item": "https://money.com/business/" }, { "@type": "ListItem", "position": 3, "name": "E-Commerce", "item": "https://money.com/e-commerce/" }, { "@type": "ListItem", "position": 4, "name": "Amazon Is Increasing the Price of Amazon Prime Memberships, Including Renewals" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/amazon-prime-membership-price-increase/#webpage", "url": "https://money.com/amazon-prime-membership-price-increase/", "name": "Amazon Is Increasing the Price of Amazon Prime Memberships, Including Renewals", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2018-04-27T00:13:37.000Z", "mainEntity": { "@id": "https://money.com/amazon-prime-membership-price-increase/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/amazon-prime-membership-price-increase/#breadcrumb" }, "dateModified": "2024-04-17T10:23:59.000Z" }, { "@type": "Article", "headline": "Amazon Is Increasing the Price of Amazon Prime Memberships, Including Renewals", "articleSection": "Business", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2018/04/amazon-prime-logo-raising-price-members.jpg", "width": 4000, "height": 2667, "caption": "Amazon.com Illustrations Ahead Of Earnings Figures" } ], "author": [ { "@type": "Person", "name": "Abigail Abrams", "url": "https://money.com/author/abigail-abrams/", "@id": "https://money.com/author/abigail-abrams/#author" } ], "publisher": "https://money.com/#organization", "datePublished": "2018-04-27T00:13:37.000Z", "description": "This is the first time it will raise the price since 2014", "abstract": "This is the first time it will raise the price since 2014", "@id": "https://money.com/amazon-prime-membership-price-increase/", "inLanguage": "en-US", "dateModified": "2024-04-17T10:23:59.000Z", "wordCount": 255, "keywords": [ "Amazon", "onetime" ], "about": [ { "@type": "Thing", "name": "Business", "sameAs": [ "https://en.wikipedia.org/wiki/Business" ] }, { "@type": "Thing", "name": "E-commerce", "sameAs": [ "https://en.wikipedia.org/wiki/E-commerce" ] } ] } ] } ```