(Update 2/28 4:50pm): Trusted games dealer Neogames via eBay Daily Deals is offering 1 year PlayStation Plus memberships for $43.99 shipped. That’s $16 under the regular price and the current lowest total on a 12 month subscription (about $3.60 per month).

Sony has just kicked off a special PlayStation Plus membership promotion. If you choose to purchase a new 12-month subscription or renew your existing sub, Sony will throw in an extra 3 months of Plus membership and Showtime via PlayStation Vue (a total “value of $111.95”). The catch is you have to purchase the Plus membership through Sony at full price ($59.99) and Showtime is only available to “new Showtime subscribers via Playstation Vue”.

While on a monthly basis that might be slightly more expensive than some of the offers we see on 12-month PS Plus memberships, those deals are quite rare these days. For some (including me), just knowing you won’t have to worry about the renewal process for another 15 months it is worth it, not to mention the added value of the Showtime sub. If you’re looking to get the lowest possible price on your PS Plus subscription, you might want to hold off on this one until a 3rd party retailer offers them for less.

More details from Sony:

Starting today, if you purchase a one year membership through PlayStation Store, you’ll get three additional months of PS Plus and three months of Showtime through PlayStation Vue — a value of $111.95 — for a bundle price of $59.99. The Showtime offer is only available to new subscribers to Showtime through PlayStation Vue.

This promotion runs through March 31, 2017 while supplies last. To see the full terms and conditions of this offer, please visit our website.

As a member of PS Plus, you can enjoy benefits and features such as online multiplayer on PS4, free games, online game save storage, and exclusive discounts.

We continue to work on providing great offers and value for PS Plus members, so we hope you enjoy!