Netflix raised prices on all subscription tiers in 2024

Netflix increased the cost of every plan it offers in the United States during 2024. The Standard plan went up by $2.50 per month, the Premium plan by $2.50 per month, and the Basic plan by $1.50 per month. These are the most recent increases; Netflix has raised prices multiple times since 2022, and the company has stated it may do so again in the future.

The price changes took effect at different times depending on when your billing cycle renews. Netflix does not raise prices on all accounts on the same date — instead, the increase applies when your current subscription period ends and your next one begins. This means you may not see the new price immediately after the announcement.

If you want to know your exact new price before it takes effect, you can check your account settings under "Billing" or "Plan Details." Netflix will also send an email notification before the charge occurs, usually at least 30 days in advance.

Key Takeaways

  • Netflix raised prices on Standard and Premium plans by $2.50 per month and the Basic plan by $1.50 per month in 2024.
  • The price increase applies when your current billing cycle ends, not on a single date for all users.
  • You can see your new price in your account settings under Plan Details before you are charged.
  • Netflix has raised prices multiple times since 2022 and has indicated future increases are possible.

Current Netflix plan prices after the 2024 increase

Netflix offers four subscription tiers in the United States. The Basic plan costs $6.99 per month and includes standard definition video on one screen at a time. The Basic with Ads plan costs $6.99 per month and includes ads between shows and movies, also in standard definition on one screen.

The Standard plan costs $15.49 per month and allows two screens to watch at the same time in high definition. The Premium plan costs $22.99 per month and allows four screens simultaneously in 4K resolution where available.

These prices reflect the increases announced in 2024. Your actual price depends on which plan you currently have and when your billing date falls. If your renewal date has not yet occurred, you are still paying the previous price until that date arrives.

When the price increase takes effect on your account

Netflix does not apply price increases on a single day to all subscribers. Instead, each account is charged the new price on its next billing anniversary — the date your subscription renews each month or year. If you pay monthly, the increase happens at your next monthly renewal. If you pay annually, the increase happens at your next annual renewal.

You will receive an email notification before the new charge is applied. Netflix typically sends this email 30 days before the price change takes effect. The email will state your new price and the date it will be charged.

To find out exactly when your renewal date is, log into your Netflix account and go to Account Settings. Select "Membership and Billing" or "Plan Details" depending on your account type. Your next billing date will be listed there.

How to check your current plan and price

Open Netflix and sign in to your account. Click on your profile icon in the top right corner and select "Account" or "Settings." Look for a section labeled "Membership," "Plan Details," or "Billing."

This page will show your current plan name, your current monthly or annual price, and your next billing date. It will also show your payment method. If a price increase is scheduled for your account, Netflix will display the new price and the date it takes effect on this same page.

If you do not see your next billing date or new price listed, your renewal date may be more than 30 days away. Netflix typically displays price change information only after the 30-day notification window has opened.

Your options if you want to change plans or cancel

If the new price is higher than you want to pay, you can switch to a less expensive plan before your renewal date. Downgrading to a lower tier takes effect immediately, and you will be charged the new plan's price at your next billing cycle. You will not be refunded for the difference between plans if you downgrade mid-cycle.

You can also cancel your subscription at any time. Cancellation takes effect at the end of your current billing period, so you will retain access to Netflix until that date. You will not be charged again after cancellation.

If you switch plans or cancel, make these changes before your renewal date to avoid being charged the higher price. Once you are charged, you can request a refund from Netflix, though approval is not may provide and depends on your account history and the reason for the request.

Netflix's history of price increases since 2022

Netflix has raised subscription prices multiple times in the past three years. In January 2022, the company increased the Premium plan by $1 and removed the Basic plan temporarily. In October 2022, it introduced the Basic with Ads tier at $6.99 per month. In January 2023, it raised the Standard plan by $1.50 and the Premium plan by $1.

The 2024 increases are the most recent in this pattern. Netflix has not announced specific dates for future price increases, but the company has stated in investor reports that it may raise prices again as it adds features and content.

These increases have occurred roughly every 12 to 18 months. If this pattern continues, the next price increase could occur sometime in 2025 or 2026, though this is not confirmed.

Frequently Asked Questions

Will I be charged the new price immediately?

No. The new price applies only when your current billing period ends and your subscription renews. Netflix will notify you by email at least 30 days before the charge occurs. You can see the exact date in your account settings under Plan Details or Membership.

Can I lock in the old price if I pay annually instead of monthly?

No. Annual subscriptions are also subject to price increases at renewal. Switching to annual billing does not protect you from future increases; it only delays when the new price takes effect until your annual renewal date arrives.

What happens if I downgrade my plan before the price increase?

Downgrading takes effect immediately, and you will be charged the lower plan's price at your next billing cycle. You will not be refunded for the portion of your current billing period you have already paid. The price increase for your old plan will not apply because you no longer have that plan.

Can I get a refund if I am charged the new price without warning?

Netflix should send an email notification at least 30 days before charging you the new price. If you were not notified and were charged unexpectedly, you can contact Netflix customer service to request a refund. Approval depends on your account history and the circumstances of your case.

Does the price increase apply to all countries?

No. Netflix adjusts prices by country based on local market conditions and currency. The prices and increases described here apply only to the United States. If you have an account in another country, your prices and increase dates may differ.