Trader Joe's Shave Cream may have some competition with the Alba Botanica Very Emollient Shave Cream. They both run for around $5, have a similar scent and are both 8 oz.
The difference is the consistency. The Trader Joes shave cream is more like a lotion where the Alba is thicker, almost like Vaseline but not slippery. It doesn't take much. Just rub it in your hands and then the area you want to shave. It is clear, so you won't see it go on but it stays wherever you put it.
Made with jojoba, aloe vera and vitamin E, it is said to be moisturizing and help with ingrown hairs. I agree that it does feel moisturizing but we will have to see about ingrown hairs. Since I have only used it a couple of times, I don't know if it will clog or dull the razor more quickly but I don't think that it will.
If you don't have a Trader Joe's near you, or even if you do, I would suggest giving Alba a try.