As featured in The Wall Street Journal, Money Magazine, and more!

Opening an IRA is an important decision. To help, here is our survey of the best IRA accounts for 2018, including fees and features of each option.

best ira accounts 2018

Just about every bank, investment brokerage, and robo-advisor welcomes Individual Retirement Accounts (IRAs). But there are a handful of institutions that stand out above the rest. Below are seven of the best places to open an IRA.

Ally Invest

Ally Invest may very well be the overall best place to open an IRA. Not only do they offer nearly unlimited investment options, but they also have one of the very lowest fee structures in the industry.

You can trade exchange traded funds (ETFs) at $4.95 per trade and mutual funds at $9.95 per trade. They also offer volume trading discounts for high-frequency traders. They charge a $50 annual fee, but that only applies to accounts with less than a $2,500 balance and no activity for the past 12 months.

In addition to self-directed trading, they also offer Ally Invest Managed Portfolios, which is a robo-advisor service. It requires a minimum investment of $2,500 and has an annual fee of 0.30%. But it provides you with the option to have some or all of your retirement portfolio professionally managed.

Ally Invest is also the first cousin of Ally Bank, the online bank that offers some of the highest interest rates on savings and CDs available anywhere.

With all that Ally Invest has to offer–investment options and low fees–you can’t go wrong with this platform.

E*TRADE

Similar to Ally Invest, E*TRADE offers an outstanding mix of almost unlimited investment options. It also features low pricing. You can trade stocks and ETFs at $6.95 per trade, though mutual fund trades are a bit on the high side, at $19.95. However, they offer more than 1,000 mutual funds that are both no-load and no fee. And for what it’s worth, they have 30 brick-and-mortar locations scattered about the country.

E*TRADE has no minimum account balance and no annual fee to worry about.

E*TRADE also has a managed portfolio option–E*TRADE Adaptive Portfolio. This is E*TRADE’s robo-advisor entry, and it requires a minimum initial investment of $5,000. The annual management fee is 0.30%. Once again, this gives you the option to have at least some of your portfolio professionally managed. But you can still go the DIY route with the rest of your money.

Charles Schwab

One of the original discount investment brokerage firms, Charles Schwab has all the advantages of a traditional full-service brokerage firm. But their fee structure competes with those of discount brokerages.

You can trade stocks and ETFs for just $4.95 per trade. Mutual funds are a bit of a problem, however. They do offer a handful of fee-free in-house mutual funds. But the commission on all others is a whopping $76 per trade.

They require a minimum $1,000 open an account, but they don’t require any annual fees. And if you don’t feel like managing your own account, Charles Schwab also has a robo-advisor service for you to take advantage of. Charles Schwab Intelligent Portfolios will provide you with professional investment management. It requires a minimum balance of $5,000, but there is no fee for the service.

Fidelity Investments

Fidelity Investments has one of the largest selections of mutual funds available, most with very low expense ratios. They even have many funds offered fee-free. They offer a very low commission at $4.95 per trade and no requirements for a minimum initial balance. But many of the mutual funds offered have a minimum requirement of $2,500.

As with the other brokers in this list, Fidelity offers their own robo-advisor, Fidelity Go. It requires a minimum investment of $5,000, and charges an annual fee of 0.35% for IRA accounts.

Scottrade

Scottrade doesn’t have the lowest commissions, but it does have one major advantage over just about every other IRA provider. They operate a network of more than 500 branch locations around the country. If you prefer the face-to-face dimension with your retirement investing, Scottrade is the natural choice.

Scottrade offers a commission of $6.95 per trade on stocks and ETF’s. The commission on mutual funds is $17 per trade, but they do offer a number of no-load, no transaction fee mutual funds. They require a minimum of $500 to open an account.

Wealthfront

Most of the investment brokerage firms on this list also offer a robo-advisor service. But Wealthfront is a robo-advisor, and one of the very best. If you’re looking for low-cost professional management of your IRA, Wealthfront is an excellent platform to investigate.

They offer a portfolio diversified between equities and fixed income investments, but also has alternative investments. Unlike most other robo-advisors, Wealthfront adds real estate and natural resources to the investment mix.

You can open an IRA account with as little as $500. The annual advisory fee for the account is 0.25%. But they’ll manage the first $10,000 for free. That means that you can have a $100,000 IRA account with Wealthfront fully managed for just $225 per year. They handle all the account management for you. All you have to do is fund your account.

Betterment

Betterment is Wealthfront’s larger, and somewhat better-known competitor in the robo-advisor space. In fact, Betterment is the largest independent robo-advisor in existence.

Like Wealthfront, Betterment provides a fully managed investment portfolio. All you need to do is fund your account. They will allocate your portfolio between equities and fixed income investments. But they offer no alternative investments. However, unlike Wealthfront, Betterment has no minimum initial deposit requirement. You can sign up for the account and simply fund it with monthly contributions.

Betterment has two fee structures. The basic account has a 0.25% annual fee. The premium version, which requires a $100,000 account balance, has a 0.40% annual fee.

Which of these IRA providers should you choose? A bit of research will point you toward the one that will work best for you. But in truth, you can’t go wrong no matter which one you choose!

{ 0 comments }

The cell phone company war bodes well for consumers, with cellular plans reaching all-time lows. Here are some of the cheapest cell phone plans we could find.

cheapest cell phone plans

Over the past few years, cell phone providers have declared an out-and-out war to win over consumers. This spells good things for the consumers, who can now take advantage of more low-cost cell phone plans than ever.

These days, even the “big four” cell providers–Sprint, T-Mobile, AT&T, and Verizon–are lowering their prices. And there is a host of other companies jumping on board with cheap voice, text, and data services.

Finding the right plan for your needs requires some research, though. First off, the provider you choose should have decent coverage in your area and areas to which you travel often. Saving $15 a month on your cell phone bill doesn’t mean much if you constantly drop calls in your own living room!

Plus, you’ll need to ensure that the plan you choose has what you really need in a cell phone plan. That might mean unlimited voice and text, or a hefty amount of data for your business.

Whenever you are ready to lower your cell phone bill, check out these 20 low-cost plan options.

Sprint Unlimited Freedom

Sprint’s Unlimited Freedom plan offers an excellent deal of anywhere from two to five lines with unlimited data, talk, and text for $100 per month. One line will run you $60 a month but two, three, four, or even five lines on the same account will only be a flat $100 each month. (AutoPay required for this special pricing.)

That’s as little as $20 per line for unlimited talk, text, and data!

Each line will be able to stream HD video, gaming, and music, as well as high-speed data for everything else (like apps). Plus, you’ll also get a 10GB/line/month mobile hotspot and a free Hulu plan.

T-Mobile ONE

The ONE plan offers quite a bit for a great price. For a limited time, you’ll also receive a number of neat benefits for having an account, too.

You’ll receive unlimited talk, text, and data for $70 for the first line, $60 per for two lines, $47 per for three lines, or $40 per for up to four total lines. So, you’ll pay $160 per month if you have four lines on the same account. (To get the $40/line rate, you’ll need to sign up for AutoPay.) Oh, and that’s a flat rate–taxes and fees are already factored in!

The plan offers unlimited everything (phone, text, and date) in Mexico and Canada, and unlimited text and data just about anywhere else in the world. You have unlimited streaming at DVD-quality, a free 2-user Netflix plan, in-flight texting and an hour of data on Gogo-enabled flights, and unlimited 3G hotspot data.

Also, if you’re over 55, you can take advantage of the T-Mobile ONE 55+ plan, which gives you two unlimited lines at $60 each per month.

AT&T Mobile Share Advantage

This customizable plan allows you to choose how much data you want to share. Pick from 1GB for $30 a month to 25GB for $110 per month, then add smartphones for a monthly access fee of $20 each per month.

If you don’t use much data, this plan would be a great way to cut your expenses down to as little as $70 per month for two lines and limited data access. It also allows for rollover data, on months where your family doesn’t use as much as expected.

Verizon Plan

This giant is known for its great coverage, but has started to lower its prices to stay competitive. Their unlimited plans are no exception.

Choose the number of lines you’d like to add, from one to 10, and then select either the goUnlimited or beyondUnlimited option.Both offer unlimited 4G LTE coverage, unlimited talk & text, unlimited mobile hotspot, VerizonUp rewards, and an optional military discount.

The difference between the two is the speed/quality at which you can stream videos and the speed limit for your mobile hotspot. Plus, the beyondUnlimited plan also includes Mexico and Canada.

The goUnlimited plan starts at $75 for one line, $65 per for two lines, $50 per for three lines, $40 per for lines four through 10. For the beyondUnlimited plan, it starts at $85 for the first line. Then, you’ll pay $80 per for two lines, $60 per for three lines, and $50 per for lines four through 10.

Metro PC

Launching into the smaller providers, we’ll start with Metro PCS, which offers nationwide 4G coverage. Its “unlimited” data, talk, and text plan really comes with 1GB of 4G data before kicking you down to lower data speeds. Still, the plan is a good deal at just $30 per month for each line between one and four. If you want more data, you can pay $40 per line for 5GB of data or $50 per for unlimited data.

For just $60 per month, you can get unlimited talk and text plus unlimited data and a mobile hotspot.

Cricket

Cricket’s Basic plan runs just $30 per month, and includes unlimited nationwide text and talk plus 2GB of high-speed data access. Or the $60/month Unlimited plan offers unlimited high-speed data, unlimited nationwide talk and text, unlimited international texting, and data access as well as unlimited talk and text to and from Mexico and Canada.

Cricket also offers group pricing. Plus, you’ll get a $5 per line discount for signing up for auto-pay with the higher-tier plans.

Page Plus Cellular

Page Plus Cellular is a no-contract provider that still offers super-cheap plans with restricted minutes and text. The cheapest plan is just $10 per month for 250 minutes, 250 texts, and 100MB of data. Or opt for the largest plan at $64 with unlimited calling, unlimited national and international texting, and unlimited 4G LTE data.

Virgin Mobile

This provider is gaining in popularity, and not without reason. Its Inner Circle plan is just $50 per month and includes 4GB of high-speed data. Plus, it allows you to stream music from services like Pandora and Slacker without tapping into your data.

To add a mobile hotspot is another $10 a month, unlimited everything to Mexico and Canada is $5 a month, and unlimited everything to over 70 countries is another $10 a month.

Boost Mobile

Boost’s Unlimited Starter package starts at just $35 per month and includes 3GB of 4G LTE data. Like Virgin, Boost offers unlimited music streaming through certain music apps.

For more data, check out the $50/month Unlimited Gigs plan, which offers optimized streaming for videos, gaming, and music, and unlimited 4G LTE data for everything else.

Straight Talk

Available plans for Straight Talk depend on your phone and current phone number, so you’ll have to check availability. But some example options include a 1-year unlimited plan for $495 total. This one offers unlimited nationwide talk and text and 10GB of data per month at 4G LTE, restricted to 2G service after that.

Republic Wireless

For just $15 per month, Republic offers unlimited talk and text without data (except on WiFi). It’s a good plan option if you’re near a WiFi signal most of the time. Plans add more data from there, up to 10GB per month on the $90 plan.

GoSmart Mobile

This provider offers four service levels, including a $25/month plan that includes unlimited international texting, unlimited national talk, and unlimited 4G LTE access for Facebook. Its largest plan is $55/month and includes up to 20GB per month of 3G data access, as well as the other perks listed.

FreedomPop

This provider actually offers a free Basic Plan that includes 500 texts, 200 minutes, and 500MB of data each month, as well as free calling over WiFi. You may be able to bring your own existing device to this provider, or purchase a device from them.

H2O Wireless

For $30 per month, you can get unlimited talk and text, 3GB of data, and $10 of international talk credit. Or go up to $60 per month of unlimited talk and text, 10GB of high-speed data (restricted to 2G data thereafter), and $20 per month of international talk credit. H2O also offers pay-as-you go plans, which let you customize your payment based on how much talk, text, and data you’ll actually use at a time.

Scratch Wireless

This provider, like many other small providers, operates on the “WiFi First” principal. In other words, if WiFi is available, your phone will operate on that rather than using data. When connected to WiFi, you’ll have unlimited text and data. So if you’re typically in places where WiFi is available, Scratch could be the ideal service for you.

You’ll pay an annual access fee to use the service, which is $69 a year for cellular devices and $89 for smartphones. You can also buy data and voice passes, for use when WiFi isn’t available. These start at $7.99 for a 30-day pass or a certain amount of data/voice time.

ChatSIM

Communicate mostly by text? ChatSIM is super-cheap way to make that happen. The base plan costs $10 per month and comes with unlimited texts and emojis anywhere in the world. You can also purchase multimedia credits to cover photos, videos, and calls, ranging from $15 to $60 each.

Red Pocket

Red Pocket offers plans that begin at just $10/month for 500 each minutes and texts. Or, you can opt for the $19/month plan to get unlimited talk and text plus 500MB of data.

These plans go up to $60 per month for unlimited everything with 8GB of high-speed data (and lower speed data after that).

Simple Mobile

You can bring your own phone or buy a phone through Simple Mobile, and then sign up for a $50/month plan with unlimited 4G LTE data. Don’t need the data? Keep it simple with a $25/month unlimited talk and text plan (plus 1GB of data).

US Mobile

This provider offers completely customizable plans, so you only need to pay for the services you actually use. For instance, you can pay $3/month for 100 talk minutes, or $15/month for up to 5,000 minutes.

Similarly, texting costs $2/month for 100 texts or $7/month for 5,000 texts. And data costs from $2/month for 100MB to $26/month for 5GB. Add on a $4/month service charge, and you’ve got a plan you can completely customize to your actual usage.

ROK Mobile

As with other providers, this one cuts back on the cost of streaming music by providing the ROK Music App. It offers a $45/month plan with unlimited talk, unlimited text, and 5GB of 4G LTE data.

So which one wins?

As you can see, there’s some huge variability in plan prices here, from free plans that focus on WiFi coverage to $100/month plans from the “big four.” The key is to ensure that any provider you choose will have good coverage in your area, and that the plan will be sufficient to meet your talk, text, and data needs.

Be sure to read the fine print. Also talk to friends and neighbors about their coverage, especially with lesser-known providers. Then, pick a plan and start reaping the financial reward of this wireless war for customers.

{ 4 comments }

In our 2018 Capital One Venture Rewards credit card review, we look at its 50,000 mile bonus and 2x rewards structure. Is it too good to be true?

Capital One Venture Rewards credit card review

I use four primary credit cards to buy just about everything. One for my purchases at the grocery store. One for purchases at the pump. Another to make all of my travel purchases (flights, hotels, etc.) and finally, a card for everything else. Yet when I look into my wallet, I see 11 credit cards. Why so many?!

Sometimes an offer is simply too good to pass up. One of the credit cards I signed up for earlier this year is the Capital One® Venture® Rewards Credit Card. Right now, this card offers a 50,000 mile bonus for meeting a small spend hurdle, in addition to other benefits which make it very attractive. Let’s dive into the details and see whether or not this should be one of the 11 cards you find in your wallet!

Capital One® Venture® Rewards Credit Card 50,000 Mile Bonus

Capital One Venture Rewards Credit CardWhen you sign up for a Capital One® Venture® Rewards Credit Card, you stand to earn a 50,000 mile bonus. To receive that bonus, you must spend $3,000 in the first three months of card ownership. Those 50,000 miles equal $500 in travel. And you can fly any airline or stay in any hotel, anytime you want.

Spending $3,000 on a credit card in three months may sound like a lot of money. But when you consider all the things you can use a credit card to pay for, it’s not all that challenging. As a homeowner (and an automobile owner), I can use my credit card to pay for gas, groceries, insurance, and a variety of other household and life necessities. Between groceries, gas, and auto insurance, I’m already at $1,000 a month. Over the course of three months, I would meet that bonus threshold.

If you have received this bonus from Capital One in the past (for owning the Capital One® Venture® Rewards Credit Card), you are not eligible to receive this one.

Travel Rewards Program

There’s not much to be said about the travel rewards program. Every dollar you spend with the Capital One® Venture® Rewards Credit Card is worth 2 miles. That’s it. No caps, limits, hurdles, or rules to follow other than double miles for everything, always.

Miles do not expire for the life of the account (open or closed), and there are no blackout dates to speak of. When using your points to book a flight or hotel, every options is available to you. Consider your points as good as cash–no restrictions.

Venture Rewards APR and Fees

Unfortunately, there’s no intro APR with this credit card. The standard purchase and balance transfer APR is 13.99% – 23.99% variable. The APR for cash advances is also 23.99% (with a 3% cash advance fee), and there are a couple of fees to keep your eye on.

  • Up to a $35 late payment fee
  • $95 annual fee ($0 annual fee for the first year).

The annual fee of $95 is average for a quality travel rewards credit card. In fact, when you compare vs. that of Chase, Citi, and American Express–$95 seems to be the agreed-upon industry standard.

One added pricing perk of the Capital One® Venture® Rewards Credit Card is that there are no foreign transaction fees. A foreign transaction fee is charged by some issuers when you use your credit card to make international purchases. The issuer must first convert your US dollars into the local currency, then offer those funds to the merchant. Capital One offers this service, free of charge, for their full line of credit card products.

Visa Signature Benefits and Perks

Included with the Capital One® Venture® Rewards Credit Card are Visa Signature perks. While the card issuer provides the rewards program and the bonus, it’s the processor that steps up the benefits an extra level. You can expect to receive the following:

  • Complimentary Concierge Service–If you need ANYTHING, you can give Visa Concierge a call and they will assist you. Help with changing a reservation; a flat tire; concert tickets–whatever. You’ll have a 24-hour hotline to secure the things you need.
  • Auto Rental Damage Collision Waiver Coverage–If you’ve ever rented a car, you know that there’s a damage insurance waiver you’re always asked to sign. In the event the car you rent is damaged, you might be liable for out of pocket expenses if you’re not properly insured. So long as you book with your Capital One® Venture® Rewards Credit Card and rent a standard vehicle (check the terms), you’re always covered for damage.
  • Extended Warranties–After making a purchase, you may qualify for an extended warranty of up to one year. Depending on the length of warranty you already received from the manufacturer, Visa is willing to up it between three months and one year.
  • Shopping Discounts–When you shop at select online merchants, you’ll earn a discount.

Is This Travel Card Right for You?

So I opened this review by telling you the Capital One® Venture® Rewards Credit Card was one of the 11 cards currently in my wallet. But I also want to let you know that as of today, I rarely use it for purchases (if ever). That’s not because this isn’t a great credit card, but because I rarely travel. So it’s easier for me to use my Citi Double Cash Card and earn the 2% cash back, then earn miles.

The bonus is attractive enough where just about anyone can take advantage of 50,000 bonus miles. If you currently don’t own a travel rewards credit card and find yourself making airline and hotel reservations frequently, this card has a lot to offer. And with no annual fee for the first year, you have nothing to lose but a few points on your credit score.

{ 0 comments }

Comment Policy: We love comments! However, the comments below are not provided or commissioned by this site or its advertisers. Comments have not been reviewed, approved or otherwise endorsed by this site or its advertisers. It is not this site or its advertisers' responsibility to ensure all comments and/or questions are answered.

MoviePass claims to offer unlimited movie tickets for one low monthly price. Is it too good to be true? We answer that question in our MoviePass review.

moviepass review

According to the National Theater Owner’s Association, the average price of a movie theater ticket was $8.84 as of the first quarter of 2017. If you live in a metropolitan area, you know the real price you’ll pay is more like $12. That kind of pricing keeps a lot of people from going to the movies more often. But there might be a workaround in the form of a smartphone app.

That app is MoviePass. It’s a movie theater subscription service that you access from your smartphone. It is the largest movie theater subscription service available, giving subscribers access to over 4,000 movie theaters and more than 36,000 movie screens. They advertise that the service is available in all major movie theaters (though there’s some doubt about AMC).

What’s more, the subscription is virtually unlimited. You can watch one new 2D movie each day of the month, with no blackout dates.

MoviePass Benefits

MoviePass was founded by CEO Mitch Lowe, of Netflix and Redbox fame. He’s taking the same concept from those companies but applying it to actual movie theaters. MoviePass enables the participant to watch movies at theaters up to 31 times per month–all for a very low monthly fee of $9.95 per month.

The MoviePass card itself is actually a credit card–a MasterCard, to be precise. When you go to the theater, you pay for your ticket using the card just the way you would any other credit card.

With an average movie ticket at $12, you can see up to 31 movies per month–at a total cost of $372–all for a monthly fee of less than $10. That, of course, is extreme, but you could if you wanted to.

But, even if you only go to the movies no more than two or three times per month, at a cost of $24 or $36, you would still save $14 or $26 per month using this app (the actual cost of the movie tickets, less the $9.95 subscription fee you’ll pay to MoviePass).

Signing Up for MoviePass

You can sign up for MoviePass online or with your smartphone. But you must have an iPhone or an Android (with data service) in order to use it.

You will receive your MoviePass card by mail within seven to 10 business days after signing up. Once the card arrives in the mail, you can log into the MoviePass app with your email and a password. The app will request the last four digits of your MoviePass card in a pop-up box. Once you enter that information, your subscription will be fully activated, and your billing date will be set.

The monthly subscription fee is $9.95. The service offers only one person per app. So if you want to add family members, each will have to subscribe to the app individually. Also, memberships are nontransferable. Only you can use your subscription.

You must put a credit card on file, which MoviePass will charge on each monthly billing date.

How MoviePass Works

Once you receive your MoviePass card, you can begin using the app to browse theaters and showtimes. You can only use the app for same-day tickets. You are not able to purchase your tickets in advance.

 

 

Your MoviePass card is your payment method when you go to the theater. The card is actually a MasterCard, which is how the theater will be paid. That means you must have the card with you whenever you go to the theater. You can pay and get your ticket at the box office or kiosk.

The app works in five steps:

  1. When you arrive at the theater, browse movies and showtimes on the MoviePass app.
  2. Once you’ve found the movie you want, click the desired showtime. Then, at the bottom of the screen, click “Check-In.”
  3. Upon check-in, your MoviePass will be activated for 30 minutes. Just swipe it at the box office or kiosk to purchase your ticket.
  4. For e-ticketing theaters (see below), once you check-in, your app will generate a confirmation code that you can present at the kiosk or box office to retrieve your ticket.
  5. Enjoy the show!

Canceling check-in. If you change your mind and decide you don’t want to watch a movie, or if it is sold out, you can cancel right on the app. You can press the “Sold Out? Changed Mind?” button on the Check-In page. Once done, you can check into a different movie.

More MoviePass Features

E-ticketing. MoviePass has this function with several theater chains, including Goodrich Quality Theaters, Studio Movie Grill, and MJR Theatres. E-ticketing is a redemption process that enables you to reserve your same-day ticket in the app before arriving at the theater. At theaters that also offer reserved seating, e-ticketing will enable you to select your seat in advance.

Gift Subscriptions. If you want to give the gift of movies, you can purchase a gift subscription through the app. You must pay for gift subscriptions in advance, and they are available on the following terms:

  • three months at $29.85
  • six months at $59.70
  • 12 months at $119.40.

Canceling your MoviePass subscription: If after subscribing to the app, you decide that you want to cancel, you can do it easily. On the home screen, click the icon with the three horizontal lines in the upper left-hand corner. From the dropdown menu, select your name. On the “Subscription Information” screen, select “Plan Info”, then click “Cancel Account.” The cancellation will take effect on your next billing date.

MoviePass Partnership with Studio Movie Grill

MoviePass has partnered with Studio Movie Grill in testing and Open Tab feature. It will enable you to pay for your movie ticket as well as your in-theater meal and drinks using the MoviePass app. This is a beta program, so it may or may not be available at your local Studio Movie Grill theater.

Studio Movie Grill is offering its guests a limited one-month trial of MoviePass for $10. It will similarly allow the holder to attend one movie per day in its theaters for an entire month. It must be purchased only at Studio Movie Grill locations.

The MoviePass – Studio Movie Grill partnership is significant because MoviePass is actively working to increase such partnerships with other movie theater chains. Studio Movie Grill, for its part, expects to increase attendance through the partnership.

In Case You’re Wondering How MoviePass Makes Money…

If you’re like me, and you stumble across a winning service, you want to know that the provider is making a profit. After all, if they aren’t, the winning service won’t be around for very long.

On the surface at least, it looks as if there’s no way that MoviePass can ever be profitable. But look a little deeper, and it begins to make sense.

Let’s say that you are a certified movie maven, who actually does go to the movies every day of the month. How can MoviePass make money when you’re paying just $9.95 per month, and they are paying $372 (31 movies X $12 per ticket) to theaters for you to watch 31 movies?

Answer: they’re not. At least not on you.

But according to founder and CEO Mitch Lowe, the “secret” is in the numbers. They know the average person only goes to the movies three to six times per year. They believe that the MoviePass app will increase that to six to 12 times.

At an average frequency of 9 times per year–at $12 per movie ticket–that’s $108 MoviePass has to pay out to theaters. With an annual subscription rate of about $120, MoviePass will earn an average of 10% ($12) on each subscription.

Lowe is also working to create more true movie theater partnerships, such as the one they are currently working on with Studio Movie Grill. The increased frequency of theater visits by MoviePass users generates higher concessions sales, enabling the theaters to increase their profits. MoviePass is working to get a part of those profits through partnerships.

MoviePass Pros

  • If you go to the movies two or more times in a typical month, MoviePass will be well worth the price of $9.95 per month.
  • If you’ve been avoiding the movies due to cost, MoviePass will enable you to go more frequently. In fact, cost will no longer be a factor, at least as far as movie tickets.
  • Ordering movie tickets through your smartphone avoids the need to stand in line waiting to purchase a ticket. This can be a major advantage at peak movie times or for blockbuster movies that draw big crowds.
  • The widespread acceptance of MoviePass, as well as the partnerships with select theater chains, holds the potential for the expansion of the app going forward. It could revolutionize the movie theater process, and you’d be on the cutting edge if you already have the app.

MoviePass Cons

  • MoviePass is available for 2D movies only. It is not available for enhanced or special screenings that might involve an up charge by the theater. This includes movies in 3D, IMAX, Fathom Events, DBOX, ETX/RPX, or film festivals.
  • Unless the theater offers e-ticketing, you have to be at the theater to order your ticket.
  • Not all theaters or theater chains participate in MoviePass.
  • Since you must be at the theater (or within 100 yards of it) where the movie you want to see is showing, you won’t know in advance if the movie has been sold out. But that would happen even if you didn’t have MoviePass.
  • Since a subscription can be used for one person only, you would need to have a subscription for each person in the family. The app would cost $39.80 per month for a family of four.

Should You Sign Up with MoviePass?

MoviePass is definitely worth considering if you are a frequent moviegoer, or you want to become one. It can reduce the cost of going to the movies several times per month to less than the cost of a ticket for a single show.

If you’re not a frequent moviegoer, even apart from the cost factor, MoviePass won’t be much of a benefit. For example, if you typically go to the movies less than once a month, the subscription may cost you more than the benefit that you’re getting.

The fact that you need to purchase a subscription for each member of your family could be cost prohibitive. However, if you have children who are at the age where going to the movies is a favorite pastime, this can enable you to bring them as often as you like. The cost of going to the movies will no longer be a factor.

If you’d like more information, or if you’d like to sign up for the app, check out the MoviePass website.

{ 2 comments }

The New Emergency Fund: Seven Components of an Emergency Plan

by Abby Hayes

It’s important to save for a rainy day. In this guide, we give you ideas on where to put an emergency fund and how much you should save. The world of personal finance is rife with oversimplified platitudes and one-size-fits-all advice. No where is this more evidenced than in the often-repeated advice about emergency funds. […]

12 comments Read the full article →

The Best Current and Historical Bank Interest Rates — January 2018

by Rob Berger

We’ve tracked bank rates since 2008. The latest list shows the best bank interest rates available nationwide as of January 2018 (with daily updates). Since many banks are constantly updating their interest rates offered on savings, money market and checking accounts, this chart should come in handy. On the 1st of every month, this page […]

4 comments Read the full article →

A Guide to the Best Home Security Systems

by Stephanie Colestock

The security of your home and family have never been more important. In this detailed guide, we rate the best home security systems and companies. No matter how safe your neighborhood — or even your city — is, you’ve likely considered a security system for your home. But choosing the right one (that won’t cost […]

0 comments Read the full article →

How to Get Out of a Cell Phone Contract without Paying a Fee

by Kevin Mercadante

Being locked into a cell phone contract is no fun. Here’s how to get out of a cell phone contract without paying an early termination fee. We recently received a question that probably every reader can relate to. The writer is asking how to get out of a cell phone contract without paying a fee: […]

0 comments Read the full article →

Capital One Quicksilver Review – Get a $150 Bonus

by Michael Pruser

The Capital One Quicksilver card combines a $150 signup bonus with 1.5 percent cash back rewards on every purchase. Oh, and no annual fee. Here are the details. One of the most important rules of sound personal finance is using credit cards wisely. A good cash back credit card, when used for everyday purchases and paid […]

0 comments Read the full article →

Ally Invest Review

by Kevin Mercadante

Ally Invest offers is a low cost and very easy to use online broker. Formerly TradeKing, we cover all of its features and costs in this review. You’ve probably heard about Ally Bank. They’re perhaps the best-known online bank, offering some of the highest interest rates available on savings accounts and certificates of deposit. As […]

1 comment Read the full article →
Page 1 of 31812345···50100150···Last »