Martin Lewis has shared a simple way Amazon Prime customers can beat the upcoming price hike.
The Money Saving Expert warned the cost of the subscriptions is set to rise next month. On September 15, the monthly membership will rise to £8.99 and the annual membership will increase to £95.
The finance guru has shared a short clip on Instagram to urge customers to act now to beat the increase.
He said: “If you currently pay monthly and want to keep it then the best thing you can do, providing you can afford it, is convert now to the annual package.
“Then you lock in at £79 for the next year for stalling the rise. If you’re an annual payer it is more difficult. If you’re subscription is due to renew in the few weeks after September 15 then you could cancel just before that and get a new subscription at the £79 before September 15 forestalling that rise just a little bit.”
Followers flooded the comments to praise Martin as a “legend” after the tip.
Anna said: “Just switched to an annual plan – thanks for the tip”
Phil added: “Legend, did this straight away”
Jules commented: “Thanks, just switched to the annual plan, great advice”
Louise said: “Following your advice I’ve just swapped to yearly. Thanks for this heads up Martin. “
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