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Rocket Money Lowered My Spectrum Bill. But It Came at a Price

Rocket's bill negotiation knocked $300 off my internet bill, but it cost me $90. Here's how to decide if it's worth it for you.

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I write about managing money for a living, so I know that one of the easiest ways to reduce your expenses and trim your budget is negotiating with your service providers to lower your monthly bills. But what if you don’t have the time to do it yourself -- or you simply don’t want to? The popular budgeting app Rocket Money can do it for you. But it won’t do it for free.

To find out if Rocket’s bill negotiation service is worth the cost, I asked it to lower my Spectrum internet bill. Here’s how it went -- and whether I’d recommend this service to others.

Using Rocket Money’s bill negotiation service 

Trying out Rocket Money’s bill negotiation offer is easy -- you just need the Rocket Money app and an active account (whether you’re a free or Premium user). There’s one catch, though: While the service is free, you’ll pay a portion of the money it saves you upfront.

I was OK with this fee in exchange for not having to call Spectrum myself. If you don’t want to pay, the app can still help you identify services you can negotiate, and they’ll share customer service numbers with you so you can talk to a rep yourself.

Noteworthy features:

  • Links to external accounts
  • Automated savings*
  • Account sharing with a partner (in beta testing)*
  • Credit score viewing
  • Credit report tracking*
  • Net worth tracking*
  • Bill negotiation

If you’re ready to try it out, here’s how it worked for me:

1. You’ll select your service provider

Rocket Money - Lower Your Bills - CROPPED
Rocket/Screenshot by CNET

On the app’s dashboard, scroll down to Ways to Save and click Lower Bills.

Next, you’ll see a list of service providers to choose from, but you can also enter your provider’s name in the search box. If that doesn’t generate any results, select Can’t find your service? and enter it there.

Note that Rocket doesn’t negotiate with all providers, so if you can’t find yours, you’re probably out of luck.

2. Provide your account information

Next, I gave Rocket the information it needed to verify my Spectrum account with the provider. You can either enter your user ID and password for the provider or upload one of your billing statements. Verification may take several minutes. I entered my Spectrum login credentials because I didn’t have a billing statement handy.

Once your account is verified, Rocket asks for some additional information, such as your phone number, address and security question answers, to make it easier for it to negotiate on your behalf. Different providers may request different information, such as your account PIN or the last four digits of your Social Security number.

3. Add a payment method and select a fee amount

Finally, you’ll need to add a payment method for Rocket’s fee. Rocket will place a temporary $1 hold on this payment method while they verify it, but it won’t charge you unless it successfully negotiates your bill.

Rocket charges 30% to 60% of your first year’s savings, and you decide how much to pay. I chose 30% because, well, why pay more than you have to?

4. Keep an eye on your email

Rocket Money - Success Email - CROPPED
Rocket/Screenshot by CNET

Once you’ve submitted your request, watch your email for updates from Rocket. It may ask for additional information to help it negotiate your bill, and you’ll receive occasional messages letting you know it’s still working on it. Once it’s finished negotiations, it’ll email you with the result.

In my case, Rocket succeeded in trimming my Spectrum bill by $300 over 12 months. The whole process took about three weeks. Rocket’s 30% cut of these savings came to $90. You can pay this all at once or create a payment plan to pay in installments.

Rocket Money - Payment Details - REDACTED
Rocket/Screenshot by CNET

In the confirmation email, Rocket notified me it’d charge my payment method in four days if I didn’t request a payment plan. I chose to pay the full amount in one payment.

Rocket said my new Spectrum rate could take one to two billing cycles to take effect, but I saw the changes reflected on my next billing statement.

What I liked about Rocket Money’s bill negotiation (and what I didn’t)

Using the service was easy, but it might not be right for everyone.


  • Rocket provides regular updates. It took Rocket Money a couple of weeks to negotiate my savings, but it sent regular emails letting me know it was still working on it, which was reassuring.
  • I didn’t have to talk to a customer service rep. I hate waiting on hold and haggling with customer service agents -- so much so that negotiating my bills usually stays at the bottom of my financial to-do list. By having Rocket Money do the work for me, I was able to save some money with no stress.
  • You have the final say. Rocket lowered my bill without needing to make any changes to my service or enter into a contract with my provider. But if saving you money requires a downgrade, it will always reach out to get your approval first.
  • You only pay if Rocket succeeds. Rocket Money only charges you for its bill negotiation service if it saves you money.
  • You don’t need to pay for the app. You can use Rocket Money’s bill negotiation services whether you have the free or paid version of the app. Its other services, like subscription cancellation, are only available to premium users.


  • Rocket’s fee reduces your first year of savings. If I’d contacted Spectrum myself, I might have been able to save the same $300 without paying a fee. If you want to maximize your savings, paying a percentage to a bill negotiation service may not be worth the convenience.
  • Rocket doesn’t negotiate with all service providers. Rocket Money negotiates with a variety of service providers, from telecommunication companies to streaming services. But it doesn’t negotiate with all of them. I was hoping it could lower my auto insurance, for instance, but the only option it provided was getting a quote from its partner insurance marketplaces. 

How to negotiate your bills yourself

Both Rocket Money and PocketGuard, another budgeting app, can negotiate your bills for you for a cut of your savings. (PocketGuard charges 40% of the amount it saves you for up to two years.) But you don’t have to pay someone else to bargain with your service providers. You can do it yourself if you’re willing to invest a little time and effort. Here’s how.

  • Do your research. Review your account statements and note how much you’re currently paying, what features you’re paying for and how long you’ve been a customer. Next, see what competitors are charging for similar features and whether your current provider is offering any promotions to new customers. This information can help you build your case for a discount.
  • Call customer service and ask for the customer retention department. The first customer service agent you get may not have the authority to offer you the best deal. Cut out the middleman by asking to speak with the customer retention or cancellations department.
  • Explain your situation. Tell the agent you’d like to continue being a customer, but you’ll need to consider canceling unless they can reduce your cost. Don’t ask for anything in particular -- a simple “What can you do to help?” leaves the door open for the best deal. Be sure to hedge your statement by saying you’re considering canceling to avoid having your account canceled automatically if the negotiations don’t succeed.
  • Lay out your case. If the representative seems hesitant or you don’t like their initial offer, provide the information you’ve gathered to bolster your argument. If you’ve never missed a payment, that’s also worth stating, especially if you’ve been a customer for some time.
  • Take notes. If you’re able to secure a discount, write down the date and time you called, the name of the agent you spoke with, the details of the agreement and any confirmation number they provide. This can help you circle back if you don’t see the changes reflected on your next bill.

Would I use Rocket Money’s bill negotiation service again?

While I enjoyed the convenience of having Rocket Money negotiate my Spectrum bill for me, I don’t plan to use this service again. The appeal of not having to talk to customer service didn’t outweigh the sting of seeing my savings cut by a third, and for me, maximizing my savings is more important than a little hassle on my part.


But I can see how it could be worth it for people who’d like to avoid waiting on hold for customer service. And ultimately, I was pleasantly surprised by how much Rocket saved me and how easy the process was.

Kelly is an editor for CNET Money focusing on banking. She has over 10 years of experience in personal finance and previously wrote for CBS MoneyWatch covering banking, investing, insurance and home equity products. She is passionate about arming consumers with the tools they need to take control of their financial lives. In her free time, she enjoys binging podcasts, scouring thrift stores for unique home décor and spoiling the heck out of her dogs.
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