Martin Lewis shares handy advice to help Amazon Prime members beat price hikes
dailyrecord.co.ukMoney-saving guru Martin Lewis has come to the rescue of Amazon Prime subscribers with a handy tip that could help them avoid a rise in their subscription fees.
The money journalist and founder of MoneySavingExpert.com took to social media to share a quick video which explains how Prime members can avoid the £1 monthly payment increase that comes into effect from September 15.
His video comes after the online delivery giant recently announced there would be an increase in membership fees for all UK customers, due to "inflation and increased operation costs."From September 15, the Prime delivery and streaming service fees will rise from £7.99 to £8.99 per month, with annual memberships increasing from £79 to £95 per year.And for anyone who is considering cancelling their membership, due to the recent rise in costs, Martin Lewis has explained how they can stall the cost by simply changing their membership.Taking to his official Instagram account, Lewis explains that simply changing your membership package can help you stick with the current £79, instead of the increased £95.Martin has told monthly paying members to switch to the annual package now as it will stall the rise and 'lock in' at the fixed £79 for the 12 months.He also urges annual paying members whose subscription is due to renew just after the September 15 deadline to cancel just beforehand, before getting a new subscription for £79.He says: "If you currently pay monthly, and you want to keep it, then the best thing you can do, provided you can afford it, is convert now to the annual package, and then you lock in at £79 for the next year for stalling the rise."If you are an annual payer, it is more difficult.
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