This story is part of CNBC’s Make It’s One-Minute Money Hacks series, which provides simple, straightforward tips and tricks to help you understand your finances and take control of your money.
Amazon has raised the price of its annual Prime membership from $119 to $139 this year, meaning its more than 200 million subscribers will soon pay more for one-day shipping.
Despite the 17% increase, there’s still value to be found in Amazon Prime if you know where to look. The service covers much more than online shopping, including streaming, e-books, cloud services, and grocery store perks.
If you plan to stick with Prime when your price increase takes effect, make sure you get the most bang for your buck. Here are some of the benefits of Prime membership that you may not be enjoying.
For fans of shows like “Fleabag,” “Reacher,” and upcoming show “Lord of the Rings,” Amazon Prime is already good value since Prime Video is included for free with a Prime membership. Purchased on its own, the service costs $8.99 per month, or about $108 per year.
Prime members get free access to Amazon Picswhich offers unlimited photo storage and up to 5 GB of free video storage.
A competing service like Google Photos charges $20 per year for storage over 15GB, while Apple’s iCloud only offers 5GB of free storage and $1 per month for 50GB and up to $10 per year. months for 2 TB.
If you’re paying for a competitor, you could save money by having all your photos in one place.
Although Amazon offers a full-fledged music streaming service with a library of 50 million songs for $9.99 a month, Prime members get free access to a smaller library of 2 million songs with their subscription. Premier Music is ad-free and users can save their catalog for offline listening.
Members who want access to the full library can get Amazon Music Unlimited for a discounted price of $7.99 per month.
Prime’s $139 annual fee includes access to Main Readingan eBook library with a rotating selection of books, magazines, and audiobooks that can be read for free on Kindle devices or any device with the Kindle app.
Members also have access to Prime First Reads, a selection of books sent to members each month before their official publication. While non-members can select any of the titles for $1.99, Prime users can download one for free.
Discounts on whole foods
Prime also gives subscribers access to exclusive deals and 10% off at Whole Foods, which was purchased by Amazon in 2017, provided you download the Whole Foods app.
Members can also place Whole Foods orders directly on Amazon’s website for pickup or delivery.