I had to call Craftsy to cancel as the website is still buggy and some parts aren't working. She said I could indeed sign up for $5 so Wednesday my account reflected the cancelation and I signed right up after being directed to log in to my existing account.
I was also offered an upgrade for an additional $9. It provides 8 own forever classes and 10 patterns. It includes an "ask an expert " component, coming soon.
Turns out you apparently only get to choose from a list of about 50 preselected classes, not the 1500 they offer. Most are a vague description, no mention of the instructor. There's a button to click for more information but all it did was show me a larger copy of the class photo. The few I checked weren't part of the regular class offerings so there was basically no way to get information about them until you redeemed the coupon code for them.
I'll probably be canceling that upgrade.