Just signing up now to be billed $9.99/month. But for how long?
Is there a contract or penalty for cancelling?
The following plans are currently available:
Photography: Annual plan paid monthly, prepaid annual plan, monthly plan
Single App: Annual plan paid monthly, prepaid annual plan, monthly plan
Complete: Annual plan paid monthly, Annual plan prepaid, Monthly
Complete with Adobe Stock: Annual Plan, paid monthly
The annual plan offers a discounted price (as compared to the monthly plan) for a commitment to a one year subscription. Because the monthly payments are cheaper price than the monthly plan, there is a penalty for early cancellation.
The monthly plan costs a little more, but can be cancelled without penalty. All subscription plans renew automatically until they are cancelled.