Overview

• Intuit, the parent company of Mint, acquired it in 2009, and is now deciding to shut it down despite the app boasting 3.6 million active users in 2021.
• Intuit is instead encouraging users to transition to Credit Karma, another one of their products, with the switch to be completed by January 1, 2024.
• While Credit Karma offers a variety of services such as free credit scores, loan recommendations, and money management tools, it lacks the equivalent budgeting tools that were popular on Mint.
• Critics suggest that despite its popularity, the app was not profitable for Intuit, contributing to the decision to close it down and merge it with their Credit Karma platform.
• The transition includes transferring linked financial accounts, historical balances, and the net worth graph, but does not offer a budgeting tool to set monthly budgets by category, a beloved feature of Mint.