Mint, one of the earliest and most popular personal finance apps, is shutting down, and its owner, Intuit, is encouraging users to switch to Credit Karma, its platform that offers free credit scores and helps users track their money.
Intuit said on Tuesday that it was “reimagining” Mint as part of Credit Karma and that Mint users would be able to transition to Credit Karma. Credit Karma will absorb Mint by Jan. 1, Intuit said in a statement on Friday.
Mint has been one of the top online budgeting tools for years, with 3.6 million active users in 2021, according to Bloomberg. Introduced in 2007, it was a game-changer in the world of personal finance, surging in popularity as more people turned to free online services to create budgets and track their income and spending.
The news that Mint would be closing caused an outcry from loyal Mint users, some of whom said they were especially upset that Credit Karma would not offer the same budget tools.
Steve Kim, a software engineer in Seattle, said he had been using Mint for three years and was disappointed to find out on TikTok that it was closing. Mr. Kim, 42, said he was looking for alternatives, but would consider Credit Karma.
“I briefly looked it up and it doesn’t look great,” he said. “But I might give it a shot if it’s an easy transfer.”
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It was later renamed from "Mint.com" to just "Mint". Mint's primary service allows users to track bank, credit card, investment, and loan balances and transactions through a single user interface, as well as create budgets and set financial goals.
wasn't making enough money, so Intuit began the app's closure in January. On March 23, Mint users will no longer be able to access their account data, which could include over a decade of their spending and financial history.
The reason for closing down the Mint app is the supposed consolidation of Intuit's personal finance products and to prioritize their focus on Credit Karma, which has more features and functions than Mint. However, some key features that made Mint what it is are said not to be available in Credit Karma, like budgeting.
Mint, a budgeting app acquired by Intuit in 2009, is shutting down as of Saturday, March 23, 2024. Mint shows users an overview of their financial well-being by displaying the current status of multiple linked accounts on one screen.
What's happening to Mint? In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.
The popular budgeting app is going away on this weekend, on March 23. Intuit is asking Mint users to move to Credit Karma, one of the company's other personal-finance platforms. On Credit Karma, you will still be able to view your bank accounts, transaction history, spending, cash flow, and net worth.
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.
Mint's closure is no surprise, either, because Intuit never put in the work needed to ensure its durability as a business, says Mark Cecchini, vice president at Philadelphia RIA Compound Planning, in a social media post. “They clearly stopped innovating after the Intuit acquisition so [it's] not shocking,” he says.
But on March 23, the popular app shut down, leaving millions of people in need of a new budgeting tool. Intuit -- the company that owned and operated Mint -- encouraged people to switch to Credit Karma, which it acquired in 2020. But Credit Karma only lets you view your latest transactions and monthly spending.
Monarch is better than Mint ever was. Mint would consistently have trouble importing data from several of my accounts. Every month or two, I'd need to reconnect my accounts to Mint. Those same accounts stay linked up in Monarch.
Is Mint budgeting app safe? Mint is safe to use, and its bank-grade security does an excellent job of protecting your personal and financial information. The app cannot access what you type when connected to your financial accounts.
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.
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