Mint, the budgeting app owned by Intuit, is shutting down. Intuit announced on Tuesday that Mint will get absorbed into Intuit’s other service, Credit Karma, when it officially goes away on January 1st, 2024 (via Bloomberg). But it’s still not clear whether Credit Karma will get the budgeting features that Mint is known for.
Intuit first acquired Mint in 2009, an app that has offered a free way for users to track their budgets, manage expenses, negotiate bills, and keep tabs on subscriptions. Now, Intuit is inviting users to Credit Karma, a service that the company acquired in 2020.
While Credit Karma offers similar features, like the ability to view transactions, track spending, aggregate financial accounts, and credit monitoring, it still doesn’t come with the same budget tracking tool that many people specifically use Mint for, and it’s not clear whether Credit Karma will ever adopt it.
On a support page on Credit Karma’s website, Intuit says “the new experience in Credit Karma does not offer the ability to set monthly and category budgets,” adding that the app instead “offers a simplified way for you to build awareness of your spending, and track your savings.”
Earlier this year, Credit Karma added one of Mint’s key features: the ability for users to track their net worth. Intuit says Mint users can transfer their accounts by logging into Credit Karma from the Mint app. From then on, Intuit says users will no longer be able to access their Mint profiles. Users can also download and delete their Mint data if they don’t want to move to Credit Karma.
“We’re excited to welcome all Intuit Mint users to join Intuit Credit Karma where they will have access to Credit Karma’s suite of products, features, tools and services,” Credit Karma spokesperson Emily Donahue says in a statement to The Verge. “We are giving Mint users ample time to prepare for this change, before their access to Mint ends.”
This change seems to have been in the works for quite some time now, as Mint users across Reddit have seen prompts to migrate to Credit Karma over the past few weeks. Mint had 3.6 million monthly active users as of 2021, Bloomberg reports, but the app’s development has slowed down considerably in recent years, with the last major updates being new categorization features and the ability to connect the Apple Card to Mint.
Update November 2nd, 11:16AM ET: Added a statement from a Credit Karma spokesperson.
FAQs
Transferring Data To Credit Karma
Note that once you transfer to Credit Karma, you will no longer be able to access Mint but can still download transactions. Credit Karma will inherit some of Mint's most popular features and offer new ones.
Why is Intuit Mint going away? ›
Mint recently announced: “Reimagining Mint as part of Intuit Credit Karma will expand our capabilities,” which is them trying to put a positive spin on the fact that they're shutting down their budgeting app capabilities—and Mint budgeters won't be able to access their budgeting accounts or continue budgeting starting ...
Is Mint going away in 2024? ›
Mint will go offline March 23, 2024.
Intuit®, which owns Mint and other personal finance platforms like QuickBooks® and TurboTax®, suggested users migrate to Credit Karma, which it also owns. But that's far from the only option. Budgeting apps are a great way to get a grip on your finances.
Why is the Mint app shutting down? ›
In less than two weeks, the budgeting app Mint — which once had 3.6 million active users, including me — will shut down forever. According to its parent company, Intuit, Mint wasn't making enough money, so Intuit began the app's closure in January.
Why is Intuit getting rid of Mint? ›
Monarch's chief executive and co-founder, Val Agostino, said that it did not make sense for Intuit to continue to invest in both Mint and Credit Karma given the significant cost of running data-aggregation and personal finance apps. “Mint has always been a money loser,” Mr.
Do I have to switch from Mint to Credit Karma? ›
You are not required to switch to Credit Karma. You can use any personal finance and budgeting software that you like, or not use any personal finance and budgeting software at all. But you cannot continue to use Mint alone, or together with anything else. Mint is going away.
What will happen to Mint customers? ›
Customers will enjoy: $15 Commitmint: Starting now, a commitmint that Mint Mobile will continue to have a $15/month plan available for new and existing customers. [1] In addition, Mint is committing to continuing its new customer offer of 3 months of Unlimited Premium Wireless for $15/mo through the end of the year.
What is replacing Mint? ›
Credit Karma
This is the tool that Intuit is steering Mint users toward. While there are some tracking tools and you can see your net worth (including investments), some of the budget tools will be lost. You can import Mint data, though, and see your balances across various credit cards and loans.
What replaces Intuit Mint? ›
Need a new budgeting tool? Try one of these 6 Mint alternatives
- 5 best budgeting and money management apps to replace Mint. On a positive note, there are many budgeting options available to help you manage your money. ...
- Quicken Simplifi. ...
- Rocket Money. ...
- Empower. ...
- PocketGuard. ...
- Goodbudget. ...
- You Need a Budget (YNAB)
The Mint app is shutting down by March 23, 2024, as its owner, Intuit, encourages users to migrate to its other product, Credit Karma. Unfortunately for Mint users, Credit Karma doesn't offer all the same features as Mint, such as budgeting or the ability to view spending trends month-over-month.
Credit Karma is a personal finance company that is owned by Intuit. It provides free access to credit scores and other credit services as well as personalized recommendations for credit cards, loans, and insurance.
What is the difference between Credit Karma and Mint? ›
Mint uses TransUnion to pull credit scores, while Credit Karma uses both TransUnion and Equifax. Sometimes the scores between the two credit bureaus can differ. You can learn more about your credit scores in this article: Why is the score I got from my bank different from the scores I see on Credit Karma?
Is there a better app than Mint? ›
I've now been using Monarch Money for seven months. In a word, it's great. It does everything I need and makes managing my money much easier. Monarch is better than Mint ever was.
Is Mint being discontinued? ›
Intuit Inc. announced that it will shut down Mint on March 23, 2024. The company's decision to discontinue the popular budgeting app could leave millions of users scrambling to find a replacement. Here's what the news means for consumers and what to consider when choosing a new budgeting service.
Is Mint still safe? ›
Mint uses bank-grade security, which means it doesn't even have access to what you type when you connect your financial accounts. You can't initiate transfers of money or payouts of any kind from the app, which means no one else can either.
Does Credit Karma track spending like Mint? ›
While Mint's budgeting tools are not available, Credit Karma does have several money management features which will allow you to view your current month's spending broken down by category, your average spending in each category, and how much your current month's spending differs from the same period in the previous ...
Does using Mint affect credit score? ›
Does Mint hurt your credit score? No. Mint's free TransUnion VantageScore credit score feature, which allows you to check your credit score anytime, doesn't affect your credit rating. However, you'll need to provide your Social Security number to access this feature.
Is Mint no longer available? ›
Mint aficionados need not despair because Intuit shuttered the popular free money management app on March 23, 2024. Although users are being routed to the company's other tool, Credit Karma, there are many other personal finance apps that have functions similar to Mint.
