Gamers who have already bought Xbox Live Gold, EA Play, and/or Xbox Game Pass can redeem those codes and have them converted to specific durations of Ultimate, though it's not a 1:1 conversion. Under a promotional offer, Microsoft allows subscribers to convert their existing Xbox Live Gold membership into Ultimate for $1 initially, after which point it will revert to the regular $14.99 per month rate. With that said, Xbox owners have access to some perks of their own. In comparison, Microsoft does not offer an annual pricing option for its subscription service. While that's not a huge discount compared to paying monthly, the real savings start with the $119.99 annual subscription plan, which brings Premium's monthly rate down to about $10 per month that's the same you'd pay for the Essential plan on a monthly basis, and less than the monthly price for Xbox Game Pass Ultimate.
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