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Rocket Money vs Credit Karma

Rocket Money logo

Rocket Money

Software

Cancel subscriptions and save money automatically

From
Free
Rated
-
Full reviewWebsite
Credit Karma logo

Credit Karma

Software

Free credit scores, reports, and more

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Rocket Money successful bill negotiation costs a one time fee of 35% to 60% of the first year's savings; Credit Karma state tax filing costs 15 USD even though federal filing is 0 USD
  • They diverge on capability: Rocket Money covers Subscription tracking, Credit Karma covers Free credit score.

Where they differ

Only the attributes on which Rocket Money and Credit Karma actually diverge.

Attributes where Rocket Money and Credit Karma differ
AttributeRocket MoneyCredit Karma
Founded20162007

Identical on both: starting price (Free), pricing model (freemium), free tier (Yes), platforms (Web, IOS, Android), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Rocket Money

  • Subscription tracking
  • Bill negotiation
  • Automatic savings
  • Spending insights
  • Credit score monitoring
  • Bank accounts
  • Credit cards
  • Utility providers

Only in Credit Karma

  • Free credit score
  • Credit report monitoring
  • Credit card recommendations
  • Tax filing
  • Credit bureaus
  • Financial institutions

Both cover

  • Web support
  • IOS support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Rocket Money

  • Finding and cancelling unwanted subscriptionsnot Credit Karma
  • Tracking bills and spending in one appnot Credit Karma
  • Having a third party negotiate down recurring billsnot Credit Karma

Credit Karma

  • Monitoring a credit score and the factors affecting it for freenot Rocket Money
  • Comparing credit card and loan offers with Approval Oddsnot Rocket Money
  • Filing federal tax returns at no chargenot Rocket Money

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Rocket Money

  • Successful bill negotiation costs a one time fee of 35% to 60% of the first year's savings
  • Premium is priced on a sliding scale and the help centre publishes no fixed monthly or annual amount, stating rates vary across platforms
  • Custom budget categories, financial goal plans, credit score tracking and real time account syncing are Premium only
  • The Premium free trial is 7 days

Credit Karma

  • State tax filing costs 15 USD even though federal filing is 0 USD
  • Credit Spark builds score history against TransUnion, and the site states that not all lenders use TransUnion credit reports or scores
  • Card and loan listings are advertising placements, disclosed on the site as compensation from third party advertisers
  • Send and score update frequency limits are not published on the site

Pricing, plan by plan

Rocket Money

Free
  • FreeFree
    • Subscription tracking
    • Spending insights
    • Bill reminders
  • Premium$12/month
    • Bill negotiation
    • Subscription cancellation
    • Smart savings

Credit Karma

Free
  • FreeFree
    • Credit score monitoring
    • Credit reports
    • Personalized recommendations

Which should you pick?

Choose Rocket Money if

  • You need subscription tracking.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want bill negotiation.
Rocket Money review

Choose Credit Karma if

  • You need free credit score.
  • You want to start without paying.
  • You work on Web, IOS, Android.
  • You also want credit report monitoring.
Credit Karma review

Questions people ask

Is Rocket Money or Credit Karma better?
Neither clearly leads. Rocket Money starts at Free and Credit Karma at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Rocket Money or Credit Karma?
Rocket Money starts at Free and Credit Karma at Free.
Does Rocket Money or Credit Karma run on more platforms?
Both run on Web, IOS, Android, so platform support will not decide this one for you.
Can I use Rocket Money for free?
Both have a free tier, so you can try either at no cost before committing.
What is Rocket Money best used for?
Rocket Money is most often used for finding and cancelling unwanted subscriptions, tracking bills and spending in one app, having a third party negotiate down recurring bills. Of those, finding and cancelling unwanted subscriptions and tracking bills and spending in one app are not what Credit Karma is typically brought in for.
What can Rocket Money do that Credit Karma cannot?
Rocket Money covers Subscription tracking, Bill negotiation, Automatic savings, Spending insights. Credit Karma covers Free credit score, Credit report monitoring, Credit card recommendations, Tax filing. Both handle Web support, IOS support, Android support.
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