How much does Rocket Money cost? | Rocket Money Help Center (2024)

FAQs

How much does Rocket Money cost? | Rocket Money Help Center? ›

Managing my Premium Membership | Rocket Money Help Center. At Rocket Money, we offer flexible pricing options for our Premium Membership to ensure it fits within your budget. The membership is available from $4 to $5 per month when billed annually ($48 or $60 in total) or $6 to $12 per month when billed monthly.

Rocket Money is a free service to use, but we also provide optional paid services to help you save money. Learn about them here! At Rocket Money, we're committed to fostering your financial prosperity.

It's also an excellent Mint alternative for tracking your net worth, credit score, and saving money on autopilot. Rocket Money Premium is also worth it if you want unlimited budgeting tools, full credit reports, and help canceling services and lowering bills to save.

Bill Negotiation Fee: If we successfully negotiate your bills and secure you savings, we'll charge a fee based on 35% - 60% of your first year's savings. You decide the percentage within this range!

Cancel unwanted subscriptions

Rocket Money will end your subscription, even communicating by email, phone call, or snail mail on your behalf. It's that simple. Feel like handling it yourself? Tap the phone or website icon to contact the subscription company on your own.

Is there a fee? Yes, it's $2 plus 5% of the gift amount. In certain cases, the fee may be different depending on several factors. The fee is displayed at checkout.

The complaint alleges that the manipulative design of Rocket Money's interface and its misleading representations to consumers are unfair, deceptive, and abusive practices under the Dodd-Frank Act.

Keep in mind that Rocket Money charges a fee if it's successful in lowering your bills, although the fee is still based on what you'd like to pay. Choose between 30% to 60% of the amount you save from the negotiation, so the ball's still in your court to pay what you're comfortable with.

Yes, Rocket Money is safe. It has 256-bit encryption to store data and is partnered with Plaid to securely link your accounts. Rocket Money won't be able to make changes to your accounts, and you have the option to unlink accounts.

Both Rocket Money and PocketGuard, another budgeting app, can negotiate your bills for you for a cut of your savings. (PocketGuard charges 40% of the amount it saves you for up to two years.) But you don't have to pay someone else to bargain with your service providers.

Is Rocket Money not free anymore? ›

Free, with the option to upgrade to Rocket Money Premium for a fee of $4 to $12 per month (with 7-day free trial).

Step 1: Submit a bill

Just tap on "Manage" to get started. Step 2: Choose a bill listed there or tap on "Add a bill" and then select the provider. Step 5: Confirm Payment Method - we charge your choice of a percentage of the first year savings as a success fee - you can choose any amount from 35% to 60%.

Rocket Money uses advanced algorithms to analyze your transactions and automatically identify your subscriptions and bills. If you are missing subscriptions, first make sure that you have linked the account that you pay the subscription with to Rocket Money.

The Bottom Line

Rocket Money is an all-purpose app for budgeting and managing your personal finances. It's only worth using if you opt for the oddly-priced Premium version, however. PCMag editors select and review products independently.

The free version of Rocket Money is limited but provides basic budgeting functions like expense tracking that may be sufficient for some users. The paid version, which costs $4 to $12 per month, offers advanced features like custom budget categories, automated savings and credit report and net worth tracking.

Checking your credit score within the Rocket Money app is a soft inquiry. This type of inquiry has no impact on your credit score and is not reported to any of the credit bureaus.

What is Rocket Cash out charge? Cash out charge is 0.9% from DBBL First track/ATM and from any agent point charge will be1.8% on the cash out amount.

Premium Rocket Money users also get credit reports and real-time alerts for changes impacting your credit score. But we prefer Mint over Rocket Money for credit reporting and monitoring since it's free. Winner: Mint offers free credit reports and monitoring.

Link your checking, savings, credit cards, and investments accounts to see everything in one place. Get alerted when checking account falls below a safe balance or when credit spend is too high. Our algorithm works its magic to find all of your recurring subscriptions and bills.