“As we continue to invest in programming and deliver more value for our members, we will occasionally ask our members to pay a little more so that we can re-invest to further improve Netflix ...

Below, CNBC Select shares some ways to save on (and even benefit from) your Netflix subscription. Some rewards credit cards offer cash back when you use them to pay a monthly streaming bill.

It's pretty clear that if you don't want ads, you'll have to pay a growing premium for it – and in their statement to investors, Netflix indicated that more price hikes may be coming.