Amazon Prime Raising Membership Fees

Are you willing to pay more for faster and hassle-free shipping and video streaming? If not, you'd better check your Amazon Prime account! 2 Wants to Know looked into the service last year to see when it paid to have it, and when it didn't.

For $79 a year, you'd get free two-day shipping for eligible purchases, free access to amazon instant video, and the ability to borrow books from the Kindle owners' lending library. But now, Amazon announced they'll raise the Prime price to $99 a year. It's the first increase in the nine years since Prime started in 2005. Amazon said its to offset shipping costs.

If your membership renews before April 17, 2014, you'll be charged $79 until the renewal date in 2015. If your membership renews on or after April 17, 2014, you'll be charged $99 on your annual renewal date. If you're okay with the increase, you don't have to change anything.

If you're not okay with paying more, you have to make a change to your account. You'll need to log-in, go to "My Accounts," and "Manage My Prime Membership". That's where you'll see the date your account change will occur and how much you'll pay. If you don't want to continue your prime membership, click "End Membership" and follow the steps.

Remember you need to make the change before your annual renewal date.


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