Mint Is Shutting Down, and It's Pushing Users Toward Credit Karma

Emma Roth reports via The Verge: 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. [...] 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. [...] 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."

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