Netflix Rate Set to Increase for Many Subscribers

What's Hot


How to Cut the Cable TV Cord in 2017Family

8 Major Freebies and Discounts You Get With Amazon PrimeSave

Study: People Who Curse Are More HonestFamily

8 Creative Ways to Clear ClutterAround The House

15 Things You Should Always Buy at a Dollar StoreMore

Pay $2 and Get Unlimited Wendy’s Frosty Treats in 2017Family

5 Reasons to Shop for a Home in DecemberFamily

This Free Software Brings Old Laptops Back to LifeMore

Should You Donate to Wreaths Across America? A Lesson in Charitable GivingAround The House

6 Reasons Why Savers Are Sexier Than SpendersCredit & Debt

Resolutions 2017: Save More Money Using 5 Simple TricksCredit & Debt

10 Free Things That Used to Cost MoneyAround The House

7 New Year’s Resolutions to Make With Your KidsFamily

10 Simple Money Moves to Make Before the New YearFamily

The 3 Golden Rules of Lending to Friends and FamilyBorrow

If you've had Netflix for more than two years, chances are good that this rate increase will affect you. Here's how to find out.

If you’ve been a Netflix subscriber for more than two years, be prepared: Your streaming subscription plan may get a $2 a month hike starting in May.

Roughly 17 million longtime Netflix subscribers — those signed up for the company’s most popular standard plan, which allows you to stream shows on two screens at once in high-definition — will see their monthly rate increase from $7.99 to $9.99, reported Investopedia, citing UBS analysts.

The price hike will bring those subscribers — myself included — in line with what new Netflix customers pay for the same plan.

Netflix announced plans to boost its subscription rates for new customers by $1 or $2 a month back in 2014, but it said it would hold off changing its plan prices for existing subscribers for “at least the next year.”

Since that time, Netflix has bumped the price tag for its most popular plan twice. The monthly rate now is now $9.99, which is what you’ll have to pay if you’re a longtime Netflix subscriber with that plan and you want to continue watching up to two shows at a time in HD.

Not sure if you’ll be impacted by the price hike? You can check your billing page on Netflix. Under “Plan Details,” you should be able to see how long your plan price is guaranteed, according to ABC News.

Netflix told ABC in a statement that subscribers will be informed about changes before they begin rolling out in May.

“Impacted members will be clearly notified by email and within the service so that they have time to decide which plan/price point works best for them.”

Netflix expects that most people will continue paying for their monthly plan, despite the price hike.

“Given these members have been with us at least two years, we expect only slightly elevated churn,” the company said when it reported fourth-quarter earnings in January.

I am one of Netflix’s subscribers who will see a rate hike come May. I plan to continue my service, not because I watch very many shows on Netflix, but because my two kiddos — ages 2 and 5 — love the programs and movie offerings on Netflix.

Do you have Netflix? Is your subscription rate going up next month? Share your Netflix thoughts below or on our Facebook page.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. You'll be glad you did. I guarantee it!

💰🗣📰

Read Next: Dozens of Cheap, but Romantic, Date Ideas

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,875 more deals!