Rocket Money Review for 2024

Advertiser Disclosure
Written By
G. Dautovic
May 15, 2024
Some or all of the products/services listed on this page are from our affiliate partners from which we receive commissions. This, however, does not influence the evaluations in our reviews. Learn more by reading our Advertiser Disclosure.

If you are looking for a comprehensive finance tool, Rocket Money (formerly Truebill) may be the right choice. This all-in-one platform allows you to manage your finances with ease. You can use Rocket Money to track your expenses, find discounts on bills, and even cancel unwanted subscriptions. 

To spare you from browsing through endless Rocket Money reviews, we’ve compiled everything you need to know about this finance tool. This way, you can decide if it is the right fit for your needs from a single source.

Now, let’s take a closer look at what this mobile app offers.


Free plan available

Sign Up

Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

Email, live chat
iOS, Android
pros thumb up Strengths
  • Professional bill negotiation
  • Keeps all recurring charges in one place
  • Bank-level security measures
  • Offers a free plan
pros thumb up Weaknesses
  • You have to pay to unlock advanced features
  • No real-time account syncing for free members

What Is Rocket Money?

Rocket Money is a financial management app that helps users track their spending, monitor their bank accounts, and cancel unwanted subscriptions. The app is free to download and available for iOS and Android devices. 

The company was founded in 2015 and has helped users save over $245 million. Back then, it was called Truebill. Today, Rocket Money has over 3.4 million happy users and is still growing. 

The company has been featured in major publications such as Forbes, The New York Times, and The Wall Street Journal, and it has been downloaded over two million times.

So what makes Rocket Money so unique? For starters, the Rocket Money app is user-friendly and easy to navigate. Setting up an account and tracking your finances takes a few minutes. 

Additionally, Rocket Money provides many helpful features, such as spending insights, bill reminders, and subscription tracking. Perhaps most importantly, this app can help you save money by identifying unwanted subscriptions and negotiating better rates for your bills.

How Does Rocket Money Work?

When you first sign up for the app, you need to link your bank account or credit card. Once your account is linked, Rocket Money will begin tracking your spending and providing insights into your finances. 

Rocket Money then analyzes your spending patterns and provides customized recommendations on how to save money. The app is free to use, but some features, including the bill negotiation service, are locked behind a paywall. 

Users can also set up recurring payments and track spending across multiple accounts. Overall, Rocket Money is a helpful tool for anyone looking to take control of their finances.

Rocket Money Features 

Rocket Money will review your spending habits and work to save money in several ways. Here’s a look at some of the key features that make this app stand out:

  • Managing subscriptions: Rocket Money keeps track of your subscriptions and even cancels unwanted ones. This is a great way to save extra money every month and stop paying for things you no longer need.
  • Bill negotiation: One of the best ways to save money with Rocket Money is by negotiating lower bills. The app will review your bills and look for opportunities to save money. Then, it will negotiate on your behalf to get a lower amount. Rocket Money then helps you find better rates for car insurance and other services.
  • Spending insights: The Rocket Money app reviews your spending habits and provides valuable insights. Seeing where you spend the most can push you to make changes and save money each month easily.

Rocket Money connects to your bank accounts to identify your spending patterns and top spending categories. It also sends notifications about upcoming bills so you can pay them on time and avoid late payment fees.

  • Budgeting: Rocket Money can help you create a budget and stick to it. The app tracks your income and expenses to see where your money goes each month. You can also set alerts to tell you when you are close to reaching your budget limits.
  • Autopilot Savings: Rocket Money helps you save money without thinking about it. Rocket Money’s Autopilot Savings is a neat feature that automatically transfers money into your savings account at your desired savings frequency. This is a great way to start building up your savings without thinking about it. Also, all Rocket Money deposits are FDIC insured, meaning your money is always safe.
  • Credit scores: One of the great things about Rocket Money is that it can help you improve your credit score. It provides access to your complete credit report and tracks any changes. This is extremely important, considering that one in five Americans aged 20-29 don’t know their credit scores.

In addition, Rocket Money will notify you of any changes to your credit report. The app monitors your account for any suspicious activity and alerts you if there’s anything to worry about.

Whether you’re looking to save money or simply stay organized, Rocket Money is a great option. With its easy-to-use interface and helpful features, it’s no wonder many people use it to manage their finances.

Rocket Card

Rocket Money’s Rocket Card (or Truecard, as it was called before the rebranding) is another great tool for managing your finances. It’s a credit card designed to help you save money and build credit. You must sign up for an account with Rocket Money and become a premium member if you wish to use this perk.

With this card, users get to use the SmartPay feature. SmartPay is a great way to pay your credit card bill in full each month without accruing interest or fees. All you have to do is set up your SmartPay rules.

Rocket Money will make payments when it identifies available cash and notify you when a payment is made. You can also set up recurring payments to ensure your bill is always paid on time. This feature is excellent for avoiding late fees and keeping your account in good standing.

Rocket Money Pricing Details

Rocket Money is a free app, but there are some premium features you can get with a subscription. 

What’s great about this platform is that it allows users to choose how much they want to pay monthly. The scale starts at $3 and goes up to $12 a month. Note that you’ll be charged annually if you choose the $3 or $4 options. 

With a Rocket Money Premium plan, users get all of the features that come with the free app, plus a few extras. These include things like:

  • Real-time balance syncing
  • Concierge services 
  • Premium chat
  • Unlimited budgets
  • Custom categories
  • Smart savings accounts
  • Credit reports

If you’re looking for the most comprehensive financial tool possible, the Rocket Money premium plan is worth considering.

Remember that premium subscriptions renew automatically, so you’ll need to cancel if you decide you no longer want the service. The cancellation process is pretty straightforward, and you can cancel your subscription anytime without incurring fees.

If you’re interested in bill negotiation, you should know that this service is charged separately, even if you opt for the Premium plan. When submitting your request for this service, choose any percentage ranging from 30% to 60% of the amount you’ll save during the first year of your subscription, provided that the bill negotiation is successful. This amount will be charged as a success fee.

Safety and Security

Anytime you give your financial information to an online service, you’re taking a risk. That's why it's crucial to do your research before signing up for anything. So, is Rocket Money safe? 

In short, yes. Rocket Money uses bank-level security measures to protect your data. All of your personal information is encrypted and stored on secure servers. Additionally, Rocket Money will never sell your information to third parties. So, you can rest assured that your data is safe with Rocket Money. 

It uses Plaid, one of the most popular and trusted financial data providers, to connect to your bank accounts. This means your credentials are never stored on Rocket Money’s servers, and Rocket Money has no access to them.

All of Rocket Money’s servers are hosted via Amazon Web Services, one of the most secure cloud computing platforms. You can be sure that your data is always safe and secure.

However, no online service is 100% secure. That’s why protecting yourself is essential, such as creating strong passwords and never sharing your login information with anyone. By taking these precautions, you can confidently use Rocket Money, knowing that your information is safe.

Rocket Money Customer Support

If you ever have questions or need help with the app, Rocket Money has a customer support team that won’t disappoint you. You can reach them via the online contact form. The support team responds to these requests Monday to Friday, 9 a.m. to 5 p.m. ET, and will do their best to answer yours as soon as possible.

If you have a premium subscription, you can use the Premium Chat feature from your app or request assistance from a concierge. 

Although the company has a B rating from the Better Business Bureau, it seems it is committed to providing excellent customer service and promptly resolving all customer inquiries. 

Final Thoughts

Rocket Money is a fantastic finance tool for those looking to save money and stay on top of their finances. The platform offers multiple features that make it an excellent choice for managing your finances, including the ability to track your spending, set up budgeting goals, and find ways to save money. 

While there is a fee for some of Rocket Money’s features, the free version offers enough options to make it a valuable app. So, if you need a little help getting your finances in order, Rocket Money is worth checking out.


How does Rocket Money make money?


Rocket Money makes money through its premium subscription service. Users can pay $3 to $12 monthly for the Premium plan, which includes extras like syncing your balance, cancellation concierge, premium chat, and more. Rocket Money also earns revenue through affiliate marketing.

How much does Rocket Money cost?


The app is free to download. However, a premium subscription service costs $3 to $12 per month. The Premium service gives you access to advanced features like credit monitoring, financial tracking, and more.

Who is Rocket Money for?


Rocket Money is best for people who are looking for a comprehensive financial tool. It’s great for budgeting, tracking expenses, and identifying ways to save money.

Rocket Money reviews your entire financial situation and helps you find ways to improve your credit score. It also provides tools to help you negotiate better interest rates with your creditors.