Smart subscribers know they can save money by canceling subscriptions to services they don’t actively use. A subscription tracking app makes this process more efficient, automatically finding all your subscriptions so you can see at a glance which ones you need to cancel.
But one of the ironies of these apps is that they themselves can charge you a subscription fee if you want access to all their features. To help you decide whether these apps are worth your money, CNBC Select takes a closer look at what the most popular apps have to offer in terms of convenience and cost-saving features. Checking it up.
Compare offers and find the best savings account
Most subscription trackers are free to use if you just want to see recurring payments that come out of your bank account and appear on your credit card statement, like gym memberships or streaming services.
This will help you understand what recurring payments you currently have. From there, you can manually log into each account at any time to begin the cancellation process. However, if you want the platform to cancel your subscription on your behalf, you will typically need to upgrade to the premium version of the app.
If you upgrade to a platform that allows you to cancel your subscription, please ensure that the cost of the upgrade does not exceed the value of the subscription you are canceling. For example, it doesn’t make sense to pay $30 a month just to cancel a $5 a month subscription.
That said, there are some relatively affordable options available for tracking and canceling your subscription. RocketMoney’s premium features cost between $3 and $12 per month, including the ability to cancel unwanted subscriptions.
Rocket Money (formerly Truebill)
-
Fee
free. Option to upgrade to Truebill Premium Service for a monthly fee of $3 to $12. We charge a negotiation fee of 30% to 60% of the 12-month savings achieved as a result of the negotiation.
-
Distinctive features
Easily cancel unnecessary subscriptions, track your spending and credit score, automate your savings, and get help to lower your bills.
-
Categorize your expenses
Yes, Rocket Money (formerly Truebill) instantly identifies your top spending categories
-
Link to account
Yes, bank card and credit card
-
availability
Available in both the App Store (for iOS) and Google Play (for Android), as well as online.
-
Security features
Rocket Money (formerly Truebill) accesses user transaction data through encrypted tokens, uses the Plaid API to ensure that user credentials are never stored, and provides bank-grade 256-bit encryption. , host your servers on secure Amazon Web Services (AWS). Department of Defense, NASA, and Financial Industry Regulatory Authority (FINRA)
See our methodology. Terms and conditions apply.
- In addition to negotiating cell phone and cable bills, we can also help refund some bank fees.
- Free version available
- Sync with your bank account or credit card
- Find and track your subscriptions instantly
- According to the website, 80% of people use Rocket Money (formerly Truebill) to save money by finding and canceling unnecessary subscriptions.
- Provides a breakdown of user spending and alerts you to upcoming charges and low balances
- Helps users create budgets
- Users can check their Experian VantageScore 3.0 credit score and access their credit report.
- Provide interest-free advances of up to $100 directly into eligible users’ checking accounts
- Users can set goals and save money with Autopilot’s smart savings feature
- A concierge service available to help identify invoices for discounts. For a fee, Rocket Money (formerly Truebill) will negotiate the best rate on your behalf (non-refundable negotiated rate is 30% – 60% of the 12-month rate) (savings achieved as a result of negotiation)
- Rocket Money (formerly Truebill) Premium Service features include free access to Smart Savings features, unlimited budget categories, custom spending categories, real-time account balance updates, premium chat, subscription cancellation concierge, Truebill Offers, and education. Includes materials.
- Coming soon: Users will be able to track their net worth
- High TrustScore rating of 4.3/5 stars (based on 392 reviews)
- Upgrading to Rocket Money (formerly Truebill) premium service costs between $3 and $12 per month
- A non-refundable negotiation fee of 30% to 60% of the 12-month savings achieved as a result of Rocket Money (formerly Truebill) invoice negotiation on your behalf.
- Less than 10 Better Business Bureau reviews
- Internet, landline, cable/phone/internet bundles, alarm and security systems, satellite radio/TV, and electricity rates are not negotiated.
See more
display less
Billshark is also a solid service for canceling subscriptions. It costs $9 for each canceled subscription, so depending on how many subscriptions you end up canceling, it can cost you a lot of money.
However, again, this is a reminder to ensure that the cost of the service does not exceed the value of the subscription you are canceling.
Whether it’s worth paying for a subscription tracker to cancel your subscription boils down to two main questions. It’s about how many subscriptions you have and how much you hate canceling them manually.
If you have a large number of active subscriptions and use a service that charges you for each canceled subscription, you may end up with a large bill. Sure, you have to weigh this one-time fee against the continued strain on your finances from forgotten subscriptions, but you can manually cancel those subscriptions without paying a dime. can also do.
Depending on your subscription, canceling can be a complicated process, but you can find the account management page on the service’s website.[アカウントをキャンセル]Sometimes it can be as simple as clicking . How much of a burden you find this to play a big role in deciding whether paying for the service to cancel your subscription is a good use of your money.
You should also consider whether there are other benefits to be gained by upgrading your subscription tracker. Take RocketMoney, for example, when you pay a monthly fee for a premium membership, you not only have the ability to cancel your subscription, but also get access to your credit score, budget creation, and other useful features.
Subscribe to the CNBC Select Newsletter!
Money is important, so make the most of it. Get everything you need to make the most of your money, including expert tips, strategies and news, straight to your inbox. Sign up here.
Subscription cancellation tools and services can help prevent unnecessary recurring expenses from eating up your cash. To get the most out of these, you’ll need to pay to access premium features, so it’s important to check if this upgrade is right for you.
CNBC Select’s mission is to provide quality service journalism and comprehensive consumer advice to help readers make informed decisions about their money. All articles are based on rigorous reporting by a team of expert writers and editors with extensive knowledge of budgeting products.. While CNBC Select earns commissions from affiliate partners on many offers and links, we create all content without input from commercial teams or outside parties and adhere to journalistic standards and ethics. We are proud of our products.
Check out CNBC Select’s in-depth coverage. credit card, banking industry and money,follow me tick tock, Facebook, Instagram and twitter To stay up to date.
Editor’s note: Opinions, analyses, reviews, or recommendations expressed in this article are solely those of Select editorial staff and have not been reviewed, approved, or otherwise endorsed by any third party.