Bad news folks. Sony today announced that PlayStation Plus membership will get a price hike starting September 22, 2016. What was $49.99/year will now be $59.99/year for member ship. According to Sony, the price hike “reflects the current market conditions“, whatever that means. Hopefully this means better monthly freebie games, maybe.

So what should you do to avoid the price hike? Look for membership cards on sale now. I’ve seen them usually hit the $39.99 mark regularly, but if you just want to save $10, get the $49.99 cards now before September 22nd.

Below originally posted at PlayStation.Blog:

Starting on September 22, 2016, prices for PlayStation Plus memberships will change to $59.99 USD/ $69.99 CAD for twelve months and $24.99 USD/$29.99 CAD for three months. The monthly plan will change to $11.99 CAD in Canada, and remain $9.99 USD in the U.S. If you are a current member, the new prices will take effect if your membership renews on or after this date.

PlayStation Plus strives to enrich your PlayStation experience through a world-class service built for our fans. This marks the first time that PS Plus membership prices will increase in the U.S. and Canada since the launch of the service in 2010. The new pricing reflects the current market conditions while enabling us to continue providing exceptional value to our members. As a member, you will continue to enjoy the benefits and features that enable shared experiences, such as online multiplayer, free games, and exclusive discounts. You will also continue to get exclusive benefits such as online game save storage and discounts across the PlayStation digital services.

If you do not wish to continue your subscription, please be sure to cancel it by turning off auto-renewal in your account settings before September 22, 2016.

We thank all of you, our PlayStation Plus members, for your ongoing support.

[via PlayStation.Blog]
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