After 17 years of providing financial management and budgeting features for millions of users, the free app Mint is expected to be gone by the start of the new year.
Financial software company Intuit has announced an end to Mint. The service will be absorbed into Intuit’s Credit Karma, another free financial service primarily focused on building credit.
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The 3.6 million current Mint customers will have the option to transfer their financial data to Credit Karma. While Credit Karma’s service won’t include the same budgeting features as Mint, you’ll still be able to monitor your monthly spending, and Credit Karma can use your Mint data to create a new Net Worth report.
If you currently have a Mint account and don’t want to transfer your info to Credit Karma, you have the option of downloading and deleting your financial data from the service before it expires. Read on to learn everything you need to know about the end of Mint and how to download and/or delete your data.
What is Mint, and why and when is it ending?
Launched in 2006, the free app Mint allows users to aggregate their financial accounts, giving them a unified view of their income, assets and expenses. The service also lets users create detailed budgets and track progress toward financial goals.
Intuit purchased Mint in 2009. On Oct. 31, Intuit announced that it would be “reimagining Mint as part of Intuit Credit Karma.” Credit Karma is another free financial app primarily designed to help users build credit and track their credit scores.
In its blog post about the end of the service, Intuit originally said that Mint would stop operating on Jan. 1, 2024, but the company has since revised that message, removing any specific end date. However, an Intuit Credit Karma spokesperson confirmed that the company will “continue to move toward a January 1st date” for ending Mint.
Mint will continue operating as usual until the kill switch is activated. The spokesperson said that Credit Karma “will work with Mint users to ensure they have ample opportunity to migrate to Credit Karma and download any data from Mint” before Mint disappears. The service will end at the same time for both US and Canadian Mint users.
How can I transfer my Mint data to Credit Karma?
Mint users who want to transfer their financial data to Credit Karma will be able to carry over most of their account balances, their historical net worth and their past three years of transactions. Intuit said it will contact Mint users with details.
Intuit said that it is “phasing the rollout to Mint users, so if you have not received the communication yet, it’ll be coming soon.” You should expect to receive a notification via both email and the Mint app.
Using our test Mint account, we have not yet received any messages from Mint about the Credit Karma migration, but we will update this section once we learn the specifics of the transfer process.
How can I download my financial data from Mint?
If you use Mint and don’t want to transfer your financial information to Credit Karma, you can delete your historical data, but the company recommends that you download your transactions first.
