Why did we move to only annual billing?
We believe that annual billing creates a much better value proposition for members:
While slightly more than a third of new subscribers use an offer in the first month, over 97% of active subscribers use an offer in the first year
Offers get more relevant and valuable over time as we start activating them, and members earn $295 in cash back and 40% more rewards in their first year
Annual billing is also up to 44% cheaper than monthly billing over the course of a year
We share our full rationale here.
When did the change go into effect?
We moved to only annual billing on June 29th.
If I'm on a monthly plan, will I need to switch?
No. We offer lifetime legacy plans. You can continue to stay on a monthly plan as long as you like.
If I'm on a monthly plan, can I switch to an annual plan?
Yes. You can switch to an annual plan at any time. Go to Profile → Subscription Details → Monthly Price.
If I had a MaxRewards Gold subscription before, will I still be able to get a free trial?
Yes. All members who haven't received a free trial are eligible for a free trial.
How will credits work?
Credits will continue to work as before. Credits will be applied as an immediate discount on an annual subscription. For example, if you have 6 months of credits, you will receive a 50% discount on your annual subscription when your trial ends.