Paramount+ Coupon Codes: 50% Off in August 2026

Advertiser Disclosure: At Slickdeals, we work hard to find the best deals. Some products in our articles are from partners who may provide us with compensation, but this doesn’t change our opinions. Our editors strive to ensure that the information in this article is accurate as of the date published, but please keep in mind that offers can change. We encourage you to verify all terms and conditions of any product before you apply.

Reading Time: 6 minutes

Paramount+ packs in more value than most streaming services out there. The platform is home to movies and shows that used to be, or still are, on CBS, MTV, Comedy Central, Nickelodeon and Paramount Pictures, so you get everything from Star Trek to Yellowjackets to NCIS to A Quiet Place.

It also delivers live CBS sports, including UFC, the UEFA Champions League, NFL on CBS and college basketball, plus live TV from your local CBS station. Paramount+ combines streaming and traditional TV in one subscription.

Better still, there are several ways to save on a subscription, from an active 50%-off annual plan code to student, teacher and military discounts, plus gift cards. Here’s what to look for.

The Best Paramount+ Promo Code available right now

Use promo code SAVEANNUAL50 at checkout to cut your annual Essential or Premium plan in half, valid through Jan. 1, 2027. This is the strongest current discount on Paramount+ — well beyond the standard “two free months” you get just by choosing annual billing (see below).

Get Two Months Free With a Paramount+ Annual Plan

Choosing an annual plan over monthly payments saves you the equivalent of two free months. The Essential annual plan costs $89.99, which works out to about 10 monthly payments at the $8.99 monthly rate, but you still get all 12 months of Paramount+.

The Premium annual plan works the same way. At $139.99 a year, your effective monthly cost comes out to about $11.67, compared with $13.99 on the monthly plan. Either way, the annual option offers real savings without needing a Paramount+ coupon code — and you can stack the SAVEANNUAL50 code above on top of it for even bigger savings.

The tradeoff is that you pay a higher amount upfront, and you’re locked in for a full year. Consider your long-term viewing plans before committing to a deal this length.

Essential vs. Premium: Which Paramount+ Plan Is Right for You?

Paramount+ keeps it simple with two plans, and the right one comes down to how you actually watch.

Paramount+ Essential: $8.99 a month or $89.99 a year

Essential streams with limited ads and gives you select Showtime series, though some series may not include every episode. There are no downloads, no live CBS, and video quality tops out at 1080p Full HD. You can stream on up to three devices at once, with access to NFL on CBS, the UEFA Champions League and UFC live fights. Essential makes sense if you don’t mind some ads and don’t need to download content for offline viewing.

Paramount+ Premium: $13.99 a month or $139.99 a year

Premium drops the ads, apart from live TV, and includes every available Showtime title. You can download movies and shows, stream CBS live, and watch in 4K UHD, Dolby Vision or HDR 10 on select titles, depending on your internet service. Like Essential, Premium supports up to three devices at once and includes NFL on CBS, the UEFA Champions League and UFC live fights. Premium is worth the extra cost if you want to watch ad-free and download content to take with you.

Students Save 50% on Any Paramount+ Plan

Students can get 50% off any Paramount+ plan for the first 12 months with a student discount coupon, valid through Dec. 31, 2026. The only requirement is verifying your student status before you’re eligible.

Verification happens through SheerID, where you’ll need to provide the following information:

Full name
Name of your school
Date of birth
Email address (a student email is helpful, but not required)

The process takes a few minutes. Once you’re done, an email with your exclusive Paramount+ student coupon will arrive at the address you provided.

The discount is available only to U.S. residents over 18. You’ll also need to reverify your student status periodically to keep the discount active. If you forget to reverify, your plan renews at full price until you cancel, so set a reminder before your 12 months are up.

Teachers Save on Paramount+, Too

Teachers can also verify their status for a discounted rate on Paramount+ plans, starting from around $4 a month, valid through Dec. 31, 2026. As with the student discount, verification happens through the same third-party process, and you’ll need to keep your status current to avoid renewing at full price.

Military Members Save 50% on Paramount+

Military members can verify their status for 50% off any Paramount+ plan, valid through Dec. 31, 2026. As with the student and teacher discounts, you’ll need to verify eligibility before the discount applies, and you may need to reverify periodically to keep it active.

More Ways to Save at Paramount+

A couple of additional standing offers are worth knowing about, both valid through Jan. 1, 2027:

Save up to 67% during Paramount+ special sale events on select plans.
Save 23% a year on your plan after your free trial ends.

New to Paramount+? Plans start from as low as $7.50 a month with an active free trial, valid through Dec. 31, 2026 — worth checking if you haven’t subscribed before and want to test the service before committing to Essential or Premium pricing.

When to Find the Best Paramount+ Deals

Timing matters when you’re looking for the best price on Paramount+. The best deals tend to emerge around the Christmas to New Year stretch, during awards and playoffs season, and around major premieres. You’re also more likely to find strong promo codes and offers during Black Friday and Cyber Monday, when free trial offers are especially common.

Other deals pop up throughout the year, though. If you’re bargain hunting, keep an eye on the signup page and set deal alerts on sites like Slickdeals.

Paramount+ Gift Cards: A Simple Gift for Streaming Fans

A Paramount+ gift card makes for an easy gift for the Paramount+ fan in your life. They come in denominations from $25 to $100 and can be sent by text or email, or purchased physically at select retailers.

To redeem one, sign in to your Paramount+ account, go to Account, then Subscription & Billing, and select Redeem a Gift Card to enter your PIN. You can also redeem your gift card on Paramount’s gift card page. Either way, the credit is applied immediately and goes toward the cost of your current or next subscription renewal, and since gift cards don’t expire, you can use them whenever you’re ready.

What to Know Before You Cancel Paramount+

You can cancel anytime by signing in to your account and navigating to your subscription settings. Canceling doesn’t cut off your access immediately. You can keep streaming until the end of the billing period you’ve already paid for. If you cancel during a free trial, you’ll keep your access for the rest of the trial and won’t be charged once it ends.

A few things to know before you cancel. Student discount plans are generally non-refundable, so be sure before you commit. Leftover gift card credit isn’t returned as cash, but it stays applied to your account, and it remains there indefinitely unless you delete the account.

How to Use a Paramount+ Coupon or Promo Code

Here’s how to apply your code:

Visit the Paramount+ website and click Start Streaming.
Choose the plan that works best for you: Essential or Premium, billed monthly or annually.
At checkout, find the promo code field and enter your code.
Check the total to confirm your discount is reflected before you pay.
Select your payment method and finalize your purchase.

If your promo code isn’t working after following these steps, double-check it for typos, confirm it hasn’t expired, and make sure you’re eligible to use it.

Editor’s Take

SAVEANNUAL50 is the one I’d use without hesitation — 50% off an annual plan is a genuinely strong discount for streaming, it stacks with the built-in annual savings, and it runs through the start of next year, so there’s no urgency pressure clouding the decision. Very good.

If you’re not sure yet whether you’ll stick with Paramount+ long-term, though, I’d start with the $7.50-a-month free trial offer before committing to a full annual plan. Annual pricing is the better deal on paper, but it only pays off if you actually watch enough to justify locking in for 12 months — test the waters first if you’re on the fence. Good, but match the plan length to how sure you actually are.

Paramount+ Coupon FAQs

Most promo codes are for new subscribers. If you’re already on an active plan, you may not qualify unless the terms of the offer say otherwise.

No. Only one promo code can be applied to a Paramount+ order.

Do military members or veterans get a Paramount+ discount?

Yes. Military members can verify their status to get 50% off any Paramount+ plan.

If it’s your first time signing up for a Paramount+ plan, you can’t combine a promo code and a gift card on that transaction.

It depends on the purchase. The full Showtime bundle comes with the Premium plan, while Essential includes only limited shows, so a promo code that covers Premium should also cover the Showtime bundle. Read the terms of the offer to check for exclusions.

This usually means the offer is no longer available. It can also mean there’s a typo in the code or that your account doesn’t qualify for that offer.

Yes. If the promo code applied for a limited time, your subscription renews at the standard monthly or annual rate once that period ends.

Yes, but check the terms of your code first. Switching plans while a promo is active may end it early or change how it applies to your account.

Slickdeals

Slickdeals staff writers are always mining the forums to see what's trending, as well as bringing you news around features and updates about Slickdeals in general!