How many people use Rocket Money?
Rocket Money has over 3 million users that use the app to manage their finances, but what about the makers of Rocket Money themselves?
How many subscribers does Rocket Money have?
Since its founding, Rocket Money has grown to over 5 million members and has helped customers save more than $500 million by canceling unwanted subscriptions.
How trustworthy is Rocket Money?
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.
Does Rocket Money really lower bills?
Bill Negotiation
If Rocket Money thinks a certain bill is too expensive, they may offer to negotiate that bill on your behalf. But they'll also take a cut of the savings—which kind of defeats the purpose. Rocket Money charges 30–60% of the amount they help you save for the year.
How long has Rocket Money been around?
Rocket Money was originally known as Truebill when it was founded in 2015. The company was acquired in 2021 by Rocket Companies—which also owns Rocket Mortgage, Rocket Loans, and is the issuer of the Rocket Visa Signature® Card. Its name changed in late August, 2022.
What are the cons of rocket money?
- Pay for Rocket Money Premium to unlock most features.
- Pay for successful bill negotiations on top of paying monthly membership fee.
- Canceling Rocket Money Premium takes several steps.
- No real-time account syncing for free members.
How much should I pay for Rocket Money?
Our optional Premium Membership provides enhanced features at a price that suits you. 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.
Is there a better app than Rocket Money?
I checked out Monarch Money, NerdWallet, Rocket Money, Quicken Simplifi, and YNAB, and Monarch Money, at $99 a year, is my top pick. Pros: Easy to set up, with powerful tools for analyzing your finances and building a budget.
Does Rocket Money hurt your credit score?
There are three credit bureaus holding your credit score information: Experian, Equifax, and Transunion. To access your credit score in the app, tap on the More tab at the bottom of the Dashboard in the mobile app > Credit Score > Unlock my Full Report and provide your information. It will not impact your Credit Score.
Is it hard to cancel Rocket Money?
To cancel Rocket Money on the app:
Click on Premium Membership. Scroll down and tap Manage (Note: If you do not see this option, you may have already canceled your Premium membership.) Drag down the slider to $0. This will change the Update Subscription button into a Cancel Subscription.
What is the Rocket Money controversy?
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. While Rocket Money advertises itself as free, the labyrinthine design of its sign-up process extracts fees from users.
Is Rocket Money or Mint better?
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.
Why is Rocket Money charging 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.
Who owns Rocket Money?
Rocket Money was acquired by Rocket Companies for $1.3B on Dec 20, 2021 .
How much does Rocket Money cost per month?
| Cost: | $4–$12 per month for premium version |
|---|---|
| Average app rating: | 4.4 |
| Account syncing capabilities: | Yes |
What is the new name for rocket money?
About Truebill / Rocket Money
Truebill has saved members more than $245 million since its founding. Truebill was acquired by Rocket Companies (NYSE: RKT) in December 2021 and will become Rocket Money in August 2022.
Is Mint App going away?
Mint will go offline March 23, 2024.
The Mint budgeting app officially shut down on March 23, 2024, and users can no longer access their data on the app. Intuit®, which owns Mint and other personal finance platforms like QuickBooks® and TurboTax®, suggested users migrate to Credit Karma, which it also owns.
How do I cancel rocket money?
- Tap the Settings (⚙️) icon along the left hand sidebar.
- Select Profile from the side menu.
- Scroll down to the bottom of the window.
- Tap Delete my Rocket Money account.
How does rocket money know your subscriptions?
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.
How long does rocket money take to connect to bank?
I've connected to my bank account but my transactions aren't showing up. It typically takes 15 minutes for a successfully linked account's data to sync for the first time. However it can occasionally take up to 24 hours, depending on how quickly your institution provides us with your transaction data.
Is Rocket Money free or premium?
The free plan includes account linking, balance alerts, subscription management, and spend tracking. The Premium plan enhances the experience with concierge services like subscription cancellation, chatting with money experts, and bill negotiations.
How often does Rocket Money sync?
Ideally once you link your accounts to Rocket Money, you are all set: your accounts should remain connected and you'll receive information on a standard schedule (typically every 4 to 24 hours) from your banking institutions.
What is the number 1 budget app?
Our experts picked PocketGuard as the best app for tracking spending thanks to its simple interface, which shows how much money you have, how much your bills are and how much money is left over. The app also shows you—in a helpful customizable pie chart—which expenses are taking up most of your budget.
What is the best way to use rocket money?
- Set up a saving goal for your future home, vacation, or a custom goal.
- Select Smart Pay to save automatically or set a custom amount and frequency to save moving forward.
- Watch Rocket Money work its magic, transferring money from your linked checking account to your savings account automatically.
Can couples use rocket money?
Premium users can share their account with a partner as part of their membership! Sharing your Rocket Money account with a partner is now a simple process! It allows you both to manage your finances together, streamlining your budgets, bank accounts, transactions, and subscription reviews all in one place.
