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Paramount+ packs in more value than most streaming services. The platform is home to movies and shows from CBS, MTV, Comedy Central, Nickelodeon and Paramount Pictures, so the library runs from Star Trek to Yellowjackets to NCIS to A Quiet Place. It also carries live CBS sports including UFC, the UEFA Champions League, NFL on CBS and college basketball, plus live TV from your local CBS station.

A subscription starts at $8.99 a month, but there are several ways to pay less. An active promo code takes up to 50% off annual plans, and separate discounts are available for students, teachers and military members. Below, we cover all the best ways to save on Paramount+ right now.

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

Paramount+ has two plans, and both include NFL on CBS, the UEFA Champions League, UFC live fights and streaming on up to three devices at once. The difference comes down to ads, downloads and video quality.

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

Essential streams with limited ads and includes select Showtime series, though not every series has its full episode library available. Video quality tops out at 1080p Full HD, and there are no downloads or live CBS.

Essential makes sense if you don’t mind ads and don’t need offline viewing.

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

Premium removes ads from on-demand content (live TV still has them) and includes every available Showtime title. You also get downloads, live CBS and video quality up to 4K UHD with Dolby Vision and HDR10 on select titles.

Premium is worth the extra cost if you want ad-free streaming and offline downloads.

Get Two Months Free With a Paramount+ Annual Plan

Paying annually instead of monthly saves you the equivalent of two free months on either Paramount+ tier. The Essential annual plan is $89.99, and the Premium annual plan is $139.99.

On a monthly plan, those same 12 months would cost $107.88 for Essential and $167.88 for Premium. That puts your annual savings at roughly $18 on Essential and $28 on Premium.

The tradeoff is a larger payment upfront and a full-year commitment. If you’re not sure you’ll use Paramount+ that long, the monthly plan keeps things flexible.

💰Stack it: The code SAVEANNUAL50 saves an extra 50% on annual plans. On Premium, it cuts your first year from $139.99 to $69.99, and on Essential it drops from $89.99 to $44.99. After the first year, the plan renews at its regular annual price.

Save Up to 50% on Annual Plans With These Paramount+ Codes

Two promo codes can cut the cost of an annual Paramount+ subscription.

  • SAVEANNUAL50 — This code takes 50% off your first year. On the Premium plan, that drops the price from $139.99 to $69.99, and on Essential it brings it from $89.99 to $44.99.
  • SAVEANNUAL30 — This code takes 30% off your first year. Premium falls to $97.99, and Essential drops to $62.99.

Both codes apply only to annual plans and cover the first year of service. After that, your subscription renews at the regular annual rate. Try SAVEANNUAL50 first since it gives the bigger discount.

Students Save 50% on Any Paramount+ Plan

Students can get 50% off any Paramount+ plan for the first 12 months. The discount is available only to U.S. residents over 18.

To qualify, verify your student status through SheerID with the following.

  • You’ll need to provide your full name, school name, date of birth and email address.
  • A student email is helpful but not required.

The process takes a few minutes. Once you’re done, Paramount+ will send your student coupon to the email address you provided.

You’ll need to reverify your student status periodically to keep the discount active. If you miss the reverification, your plan renews at full price until you cancel. Set a reminder before your 12 months are up so you don’t lose the rate.

Teachers Save on Paramount+, Too

Teachers can also verify their status for a discounted rate on Paramount+ plans, starting from around $4 a month. 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. 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.

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+ Promo Code

Here’s how to apply your code:

  1. Go to the Paramount+ website and click “Start Streaming.”
  2. Choose your plan, either Essential or Premium, and select monthly or annual billing.
  3. Enter your code in the promo code field at checkout.
  4. Confirm the discount appears in your total before paying.
  5. Select your payment method and complete your purchase.

If a code isn’t working, check for typos, confirm it hasn’t expired and make sure your plan qualifies for the offer.

Editor’s Take

Start with SAVEANNUAL50 on an annual plan. That one code cuts your first year in half, and on Premium it brings 12 months down to $69.99, which is less than six months of the monthly rate. Even if you’re not sure you’ll stick around a full year, the 30-day money-back window gives you time to test it risk-free.

If you qualify for a student, teacher or military discount, use that instead. The 50% off lasts the full 12 months and works on any plan, not just annual. Just set a reminder to reverify before your year is up, because missing that window flips you back to full price with no warning.

Skip monthly billing unless you only need Paramount+ for a specific event. The monthly rate adds up fast, and you lose roughly $28 a year on Premium compared with the annual plan. If you’re signing up just for a playoff run or a single season of a show, monthly makes sense. For anything longer, annual plus a promo code is the better move.

Paramount+ Coupon FAQs

Can existing subscribers use a Paramount+ promo code?

Most promo codes are for new subscribers only. If you’re already on an active plan, check the terms of the specific offer to see whether existing accounts qualify.

Can I use more than one Paramount+ promo code at a time?

No. Paramount+ allows only one promo code per transaction.

Do military members or veterans get a Paramount+ discount?

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

Can I combine a Paramount+ promo code with a gift card?

Not on your first signup. Promo codes and gift cards cannot be combined on the same initial transaction.

Does a Paramount+ promo code work with the Showtime bundle?

Showtime content is built into the Paramount+ plans rather than sold as a separate bundle. Premium includes every available Showtime title, and Essential includes a limited selection. A promo code that applies to your plan covers whatever Showtime content comes with it.

Why does my Paramount+ promo code say invalid or expired?

The offer may no longer be available, there may be a typo in the code or your account may not qualify. Double-check the spelling and the code’s expiration date before trying again.

Will my Paramount+ subscription automatically renew after a promo code expires?

Yes. Once the promotional period ends, your subscription renews at the standard monthly or annual rate.

Can I switch plans while using a Paramount+ promo code?

Yes, but switching plans while a promo is active may end the promotion early or change how the discount applies. Check the terms of your code before making changes.

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