Amazon raising price of annual Prime membership to $119

News

WEST HOLLYWOOD, CA – JULY 16: A general view of atmosphere during the Amazon Prime Summer Soiree hosted by Erin and Sara Foster held at Sunset Towers on July 16, 2015 in West Hollywood, California. (Photo by Tommaso Boddi/Getty Images for Amazon)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

NEW YORK — Amazon is raising the price of its annual Prime membership fee to $119 a year, up 20 percent from $99.

New Prime members in the U.S. will be charged the higher price starting May 11. The increase will apply to renewals of existing memberships starting on June 16.

Besides free two-day shipping, Prime members get other perks, such as access to Amazon’s video and music streaming services. The online retailer recently disclosed for the first time that it had more than 100 million paid Prime members worldwide.

Amazon executives said Thursday that the 20 percent hike is due to higher costs to maintain the program, such as shipping fees. The last time the company raised the annual fee was four years ago.

Earlier this year, it increased the monthly rate to $12.99 a month from $10.99.

Popular

Latest News

More News