Mint is shutting down, and it’s pushing users toward Credit Karma

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 credit score checks, information on how to build credit, 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.” Intuit says it still plans on adding ways to view transactions, track spending, and aggregate financial accounts. The Verge reached out to Intuit for more information about the features coming to Credit Karma but didn’t immediately hear back.

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.

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.