AWS Cost Explorer is the free, built-in tool every AWS customer already has. It produces clean cost breakdowns, basic forecasts, and an Anomaly Detection feature. For an account doing ad-hoc cost analysis, it is the right starting point.
Refine bundles cost, security findings, anomaly commentary, tag governance, and a multi-account customer hierarchy in one product. The cost optimization layer adds AI narratives and resource-level recommendations on top of what Cost Explorer surfaces.
Honest summary: Cost Explorer is what you have. Refine is what most teams add when ad-hoc charting and CSV exports stop scaling. They are complements more often than substitutes.