FAQs
Does Rocket Money really work? ›
Is Rocket Money legit? Yes, Rocket Money is a legitimate budgeting app that can help you track your spending habits, identify ways to save money and get a better handle on your personal finances. It has a 4.5-star (out of 5) rating on Trustpilot and is accredited by the Better Business Bureau.
Can Rocket Money actually lower bills? ›This happens through its bill negotiation service. Let Rocket Money know what bill you'd like to lower, and they'll negotiate the bill with the company. For example, if you have a Spectrum bill that recently went up from $60 to $80, Rocket Money can potentially help you lower it back to $60 or even lower.
Why did Rocket Money charge me? ›While Rocket Money is a free app, there are several optional paid services and features that could result in a charge or transfer appearing on your bank or credit card statement: Smart Savings Deposits: These are not charges, but deposits into a Smart Savings account that's tied to your Rocket Money account.
Does Rocket Money actually cancel subscriptions? ›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.
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.
Are there better apps than Rocket Money? ›Several alternatives to Mint and Rocket Money are available. Free options include Goodbudget, SoFi Insights, Empower, and Money Manager. Other budgeting apps like YNAB (you need a budget), Quicken Simplifi, Monarch and PocketGuard have a nominal cost.
Which is better, mint or rocket money? ›Mint is a budgeting app first and foremost, whereas Rocket Money is a personal finance app with budgeting, credit reporting, and bill negotiation features. This means Mint is more comprehensive for creating custom budgets and managing your spending, but Rocket Money has more features overall.
Is there a monthly fee for Rocket Money? ›Premium Membership
These prices can vary at times and across platforms, but in general, members can choose monthly prices between $6-$12 per month. As a new Premium member, you'll receive a 7-day free trial to explore the additional features. After this period, you'll be charged the amount you chose during sign-up.
Rocket Money offers a free version of its product that retains many of its most valuable features, including budgeting, credit-score access, subscription tracking, and more. However, its subscription-cancellation concierge service is available only to Premium members.
How does Rocket Money know all your subscriptions? ›Rocket Money will identify recurring payments from your spending and list your subscriptions in one place—as well as when each is due—so you can avoid late fees and overdrafts. But their main feature is that they'll assign you a “concierge” to cancel any duplicate or unwanted subscriptions for you.
How do I stop Rocket Money from charging me? ›
- Visit the Rocket Money website on your browser and log into your account.
- Click the Settings icon tab located at the top left corner of the dashboard.
- Scroll down and select Premium.
- Drag the slider on the popup window down to $0.
- Click Cancel Subscription.
- Follow the prompts to confirm your decision.
It used to be called Truebill until Rocket Companies acquired it and changed its name. Rocket Money does plenty to help you get a handle on your money, and it's one of the best personal finance apps we've tested.
Does Rocket Money charge a fee? ›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.
How do I get my Money out of rocket money? ›- From your Dashboard, tap the word “Savings” to expand the savings section.
- Tap on the name of your Financial Goal.
- Tap the “Withdraw” button, to the left of the red “Add Money” button.
- Enter the amount you'd like to withdraw.
- Tap “Transfer”
Rocket is best known for its mortgages, but Rocket Loans offers fast funding on other types of loans, as well – including unsecured personal loans. Loan money can land in your bank account the same day you apply, but you'll face an origination fee and higher interest rates.