What is TIME magazine's Automatic Renewal Program?!

What is TIME magazine's Automatic Renewal Program?

I simply don't understand what it does. You can go to www.time.com to check it out

You put in your credit or debit card information or PayPal account and your account will be charged $1.99 and you will recieve 6 issues over 6 weeks.

If you do not cancel within that 6 week period - you will then be charged $19.95 for 6 months (which is 28 issues). Every 6 months you will be charged an unknown rate (whatever they say is the lowest rate - it could be $19.95 unless they raise the price) for another 6 months of issues. They will continue to charge your account every 6 months and you will continue to receive another 6 months of issues indefinitely until you tell them not to.

If you choose to cancel - you have 2 options. One is to not renew going forward. In that case they will no longer charge your account and your issues will stop when the 6 months you have are finished. Two is you cancel in the middle of your 6 month subscription. If you want the issues to immediately stop - you can request that (keep in mind that magazines work a few weeks in advance of issue date and you may get a few more issues after your phone call). You will then get a refund on all unmailed copies. So for the 28 issues - if you have received 10 - the 18 copy refund would be $12.83. ($19.95/28 = $0.7125 per copy x the remaining issues).

I hope this helps.