Mint, Intuit’s budgeting app, is shutting down. Intuit introduced Tuesday that Mint might be included in Intuit’s different service, Credit score Karma, when it formally disappears on January 1, 2024 (by way of Bloomberg). Nevertheless it’s nonetheless not clear whether or not Credit score Karma will get the budgeting options that Mint is thought for.
Intuit first purchased Mint in 2009, an app that provides customers a free method to monitor budgets, handle bills, negotiate payments and monitor subscriptions. Now Intuit is inviting customers to Credit score Karma, a service the corporate acquired in 2020. Whereas Credit score Karma provides related options like credit score rating checks, data on find out how to construct credit score, and credit score monitoring, it nonetheless does not include the identical price range monitoring instrument that many individuals use Mint for particularly, and it is not clear if Credit score Karma will ever undertake it.
On a help web page on Credit score Karma’s web site, Intuit says that “the brand new expertise in Credit score Karma doesn’t provide the power to set month-to-month and class budgets,” including that the app as a substitute “supplies a simplified method to make you conscious monitor your bills, and maintain monitor of your financial savings.” Intuit says it nonetheless plans so as to add methods to view transactions, monitor bills and merge monetary accounts. The sting reached out to Intuit for extra details about the options coming to Credit score Karma, however didn’t instantly hear again.
Earlier this 12 months, Credit score Karma added one in every of Mint’s key options: the power for customers to trace their internet value. Intuit says Mint customers can switch their accounts by logging into Credit score Karma from the Mint app. From that time on, Intuit says customers will not have entry to their Mint profiles. Customers can even obtain and delete their Mint knowledge if they do not need to change to Credit score Karma.
