diff --git a/changelog/1274.breaking.rst b/changelog/1274.breaking.rst
new file mode 100644
index 0000000000..ce9f6830cd
--- /dev/null
+++ b/changelog/1274.breaking.rst
@@ -0,0 +1 @@
+:meth:`SKU.subscriptions` mistakenly returned a coroutine, unlike other iterator methods. Instead of ``async for x in await sku.subscriptions():``, correct usage now is ``async for x in sku.subscriptions():``.
diff --git a/changelog/1274.bugfix.rst b/changelog/1274.bugfix.rst
new file mode 100644
index 0000000000..4a2d397404
--- /dev/null
+++ b/changelog/1274.bugfix.rst
@@ -0,0 +1 @@
+Change :meth:`SKU.subscriptions` to be a synchronous method (returning an async iterator), to match other iterator methods.
diff --git a/disnake/sku.py b/disnake/sku.py
index 3b9e4fabb3..418879fd68 100644
--- a/disnake/sku.py
+++ b/disnake/sku.py
@@ -87,7 +87,7 @@ def flags(self) -> SKUFlags:
         """:class:`SKUFlags`: Returns the SKU's flags."""
         return SKUFlags._from_value(self._flags)
 
-    async def subscriptions(
+    def subscriptions(
         self,
         user: Snowflake,
         *,
@@ -95,9 +95,7 @@ async def subscriptions(
         before: Optional[SnowflakeTime] = None,
         after: Optional[SnowflakeTime] = None,
     ) -> SubscriptionIterator:
-        """|coro|
-
-        Retrieves an :class:`.AsyncIterator` that enables receiving subscriptions for the SKU.
+        """Retrieves an :class:`.AsyncIterator` that enables receiving subscriptions for the SKU.
 
         All parameters, except ``user``, are optional.