DENVER (KDVR) — Like everything else these days, the cost of some of your favorite streaming services is on the rise.
Since most people subscribe to multiple platforms, analysts say the price increases could add to what many people pay for cable.
The services that we see or have recently seen their monthly subscription fees increase are Amazon Prime Video, Disney+, HBO Max, Hulu and Netflix.
Netflix increased by $2.00.
On an annual basis, Amazon increases the price of its main subscription, which includes access to its original streaming video content, from $20 to $139.
The Problem Solvers reached out to financial analysts MoneyGeek and TopCashBack.com to see how Coloradans could still save on these services, including if you threaten to cancel your subscription:
“So every platform will be different and maybe down to your customer profile. Although they want to keep you, the offers triggered may depend on your activity or the length of your subscription. It’s not the same as haggling with your cable company. We’ve noticed that streaming has expanded its tier list in apps to entice you to stay, so while you log into your app to cancel, you have a list of options available at your fingertips,” said Lizabeth Cole, an analyst at MoneyGeek.
Some other financial analysts suggest checking your credit card statements to see if there are any subscription services you may have overlooked.
Like if you signed up for a one-week trial but didn’t cancel it – or to see if you accidentally have two subscription services for one streaming platform.
You should also consider a bundle plan.
You can get Hulu, Disney+, and ESPN together for $19.99 instead of paying for each service individually.
Another tip: some credit cards that you can use on your subscription fees will help you save money.
“American Express Blue Cash Preferred offers 6% cash back on streaming services and the list goes on – so there are all the popular ones. The US Bank Cash VISA Signature Card offers 5% cash back on your chosen category, which can include streaming services,” explained Rebecca Gramuglia, financial expert at TopCashBack.com.
Other suggestions include sharing subscriptions with family of friends (check each service for different options).
“You can also look to see if your phone provider is offering any deals. So, for example, Verizon is giving users a 6-month free trial of Disney+, while others are offering similar types of discounts and deals. So if you’re someone who wants to test the waters with some of these services, you can always turn to one of them as well,” Gramuglia added.
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