Like the idea of Amazon Prime, but don’t like the idea of spending $99 in advance for a full 1-year membership? Now there are two other options.
Now Amazon is letting you pay $10.99 per month for Amazon Prime or $8.99 per month just for Amazon Prime Video.
Either way, if you end up keeping your membership for 12 months you’ll end up spending more money than you would if you just paid $99 up front, because that breaks down to $8.25 per month. But the new offer could come in handy if you’d rather break your payments into smaller chunks or if you plan to cancel after a few months.
A few weeks ago Amazon and Sprint announced a partnership that lets customers pay for Amazon Prime monthly, and there have been some limited trials of similar plans in previous years. But this is the first time that monthly membership plans are available more widely.
Here’s one of the most tempting things about the new plan: you could sign up for a few months of binge-watching, then cancel your plan and then spend your money on Netflix, Hulu, or another service that has shows you want to binge. You could end up spending around $100 per year on all of your streaming video needs instead of spending $100 per service for two or three different ones.
Of course, Amazon also offers a free 30-day trial of Prime membership. If you haven’t already signed up for and then subsequently canceled an Amazon Prime membership, you can get through a lot of binge-watching in 30 days.
But Amazon Prime is more than just movies and TV shows. Amazon’s membership program got its start as a service that offered free 2-day shipping on many items and the full Prime membership still includes that perk for millions of items. It also gets you access to Amazon Prime music streaming, Amazon Kindle Owners’ Lending library for eBooks, free same-day delivery on some items, and a few others benefits that help justify the additional price.
Now I have to go do some math to decide if I take advantage of those perks often enough to justify continuing to pay for both Amazon Prime and Netflix year-round.