I'm avoiding Amazon Prime's price hike for a whole year — here's how

Apr 13, 2023
So I have just ended my membership and received the email that tells me about my Prime membership change and how it will end in 1 day. is now the time to use the gift m, membership or do I still need to wait the day for the account to end?
I would like to use the gift subscription and not lose my account history if possible.