12 Good Reasons to Cancel Amazon Prime – Kiplinger’s Personal Finance

Rule number one: When the price of membership goes up, re-evaluate.

After all, you’re likely up to your neck in subscription services: Cable TV, streaming services including Netflix and Disney+, meal-prep services and the granddaddy —  Amazon Prime membership. And in case you missed it: Amazon raised its yearly subscription fee by 17%, from $119 to $139. If you pay monthly, that clip went from $12.99 to $14.99 a month, or $180 a year.

That’s your first reason to reconsider, even if Amazon Prime Day, that annual summer blockbuster sale with its 48-hour marathon of deals, deals, deals, remains a temptation.

Longtime Prime members often forget: You can buy from Amazon without being a Prime member. You’re just not going to get the other perks. To that end, we’ve listed a range of good reasons you might want to cancel your Amazon Prime membership. See if you agree.

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Amazon Prime Is Expensive

If you pay your Amazon Prime membership in full (the least expensive route), it’s an annual $139 hit, $180 if you’re paying the soon-to-be $14.99 monthly fee. For the yearly fee, that boils down to $12 a month, about the cost of a streaming video service such as Hulu or Netflix. So just how much are you really using Amazon Prime — and how much value are you gleaning from it? Do the math.

“Because the membership has so many perks, one might assume that it’s worth it,” says Trae Bodge, smart shopping expert at True Trae. “For me, because I take advantage of many of the benefits, including free two-day shipping for my frequent purchases, and enjoy the video, music and book content, I have no question that it’s worth it for me. But if you do not shop frequently online, or use any of the many perks, it may not be.”

It’s easy to track how much you’ve spent and what you’ve bought (a gimmick that also works to Amazon’s advantage when you want to reorder an item). Click on “Returns & Orders” at the top of the Amazon.com home page after you sign in. It defaults to your orders for the last three months. On that drop-down list, you can choose yearly timeframes.

Since my Amazon membership renewal is due soon, I reviewed all my purchases in 2021 — 51 in total or $2,267.49 spent on Amazon (unusually high, but we were also buying items for a new home). I have a Chase Amazon Prime credit card that I charge my Amazon purchases to, garnering more than $200 in rewards points I credited toward …….

Source: https://www.kiplinger.com/personal-finance/shopping/online-shopping/602571/reasons-to-cancel-amazon-prime

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