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Amazon Prime Monthly
Amazon has announced more pricing options for their Prime and Prime Video services. Now Amazon Prime can be paid monthly and you can also choose to just get the Prime Video subscription instead of the entire Prime package. Here is how the new pricing looks
So you can pay $9 per month for just the video or add another $2 per month ($11 total) to get the shipping, music streaming, lending library and other benefits of Prime. I suppose this standalone video product helps them compete with Netflix. Prime Video at $9 per month is $1 cheaper than the standard Netflix plan which is what you need for HD.
Still A Bad Deal
So why is this all a bad deal? Because you can simply pay $99 or $8.25 per month for the entire Prime package. Sure, you need to pay it up front, but why would you pay $9 per month for just video when you can pay less per month for the entire thing. Which leads me to my next point.
Clearly this Prime Video only option positions their streaming service as a competitor to Netflix. Some would argue their price is even better. Since the complete Prime package is actually less money when paid up front, it would seem to be too cheap. My guess is that with this new standalone video product, we will see an increase in the cost of Amazon Prime.
50% Off with Amazon Prime Student
For those of you who are a student or who know one, Amazon Prime Student is still the best deal around. At $49 per year you get basically all of the Prime benefits (except for household sharing). All you need is a .EDU account and in my experience once you verify an account you can renew at the student rate for four years before they ask again.
The new monthly Prime and Prime Video options are not a good deal in my opinion. Even worse, I believe the value proposition of the new price shows that Amazon is likely to raise the cost of Prime soon. I could be wrong, but I’ll gladly keep my annual Prime membership and forego paying monthly. How about you?
HT: Doctor of Credit
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.