Hello there, Melyna, and welcome to planDisney!
Congrats on having your
Magic Key for nearly a full year! It seems to me that the time just flies by and, before I know it, another year has passed and it's time to renew again. I love how my Magic Key opens up a year of magic by allowing me to return to the Disneyland Resort again and again.
It sounds like you are a Southern California Resident since you have an Imagine Key. It's currently available for renewal only at the time of this writing, so be sure not to allow that expiration date to slip by because late renewals are not allowed and this Pass type isn't available for new purchases at the moment. So if you want to stick with the Imagine Key, renewals are the only way to keep it.
You are more than welcome to pay for your Pass in full rather than signing on to another 12 month contract. The option to do so is a little hidden, but my friend and fellow panelist
Michelle detailed it nicely in her
answer. Just look for a link to "see annual price" which should give you the option to make the full payment.
Have you been following the
Magic Key Instagram account? I've found it to be an excellent source of information on special merchandise and offers for Magic Key Holders. They recently announced a foam Panda Mei paw giveaway to celebrate
Better Together: A Pixar Pals Celebration! which looks so cool! It sounds like they're anticipating a lot of demand because there's actually a virtual queue for this item!
Melyna, I hope that you found this answer helpful. Please return anytime you have another question because we'd love to hear from you again and you're always welcome at planDisney!
Wishing You a Great, Big, Beautiful Tomorrow!
-Al