Why is Mint shutting down?

Asked by: Tevin Ullrich  |  Last update: March 29, 2024
Score: 4.3/5 (28 votes)

The reason for closing down the Mint app is the supposed consolidation of Intuit's personal finance products and to prioritize their focus on Credit Karma, which has more features and functions than Mint. However, some key features that made Mint what it is are said not to be available in Credit Karma, like budgeting.

Is Mint going out of business?

Mint, a budgeting app acquired by Intuit in 2009, is shutting down come January 1, 2024. Mint shows users an overview of their financial well-being by displaying the current status of multiple linked accounts on one screen. Users can track spending and savings, create customized budgets and keep track of bills.

Why is Mint app closing?

What's happening to Mint? In its announcement, Intuit said the company is “reimagining Mint” as a part of Credit Karma, also owned by Intuit. Users will no longer have access to their Mint accounts on March 23, 2024, or sooner if they choose to migrate to the Credit Karma app before that date.

Is Mint going away in 2024?

As of right now, Mint is going away at the end of March 2024. This was moved out from the end of December 2023, and this may change yet. Take advantage of these next few months to set up a new budgeting service while still being able to look back at the Mint interface you're used to and match things appropriately.

Why is Mint being discontinued?

Mint owner Inuit says it's “reimagining” the app as part of Intuit Credit Karma, which is known more for its credit monitoring services. The Mint app will shut down on Jan. 1, 2024, and users are encouraged to migrate over to Credit Karma, according to a company spokesperson.

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What will happen to Mint customers?

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.

What will replace mint?

The best Mint alternatives: 10 great budgeting apps for 2024
  • Digital Trends.
  • Intuit.
  • Monarch Money.
  • Quicken.
  • YNAB.
  • CoPilot.
  • The Lampo Group.
  • Personal Capital Corporation.

Does Ryan Reynolds own mint mobile?

Ryan Reynolds's Mint Mobile was bought by T-Mobile for $1.35 billion. Ryan Reynolds has assumed many guises since he shot to fame in the 1990s. And while the Deadpool star has become a widely recognized actor, he's also become closely associated with his two brands—Aviation Gin and Mint Mobile.

Is Credit Karma replacing Mint?

Yes, Mint will go away, but popular Mint-like features will be available on Intuit Credit Karma after you migrate your Mint financial account data (if you choose to do so).

Is Rocket Money better than Mint?

In fact, Rocket Money has saved users over $1 billion to date through its smart savings feature, bill negotiation and subscription cancellation. This, combined with many of the features former Mint users loved, makes Rocket Money a great alternative to help you manage your financial life.

Is Mint still safe?

It's secure

You should feel comfortable using Mint. Intuit uses VeriSign to securely transfer data and multi-factor authentication to protect your account.

Is every dollar better than Mint?

EveryDollar. EveryDollar has a free basic version and a premium version, which costs $17.99 per month or $79.99 annually. The app is strictly budgeting-focused, meaning it lacks Mint's extra features like net worth and investment tracking.

Did Ryan Reynolds sell Mint?

The Canadian actor sold his stake in the prepaid budget wireless provider to telecoms operator T-Mobile as part of a larger cash-and-stock deal, worth as much as €1.26 billion.

Who is Mint Mobile being sold to?

Mint Mobile sold to T-Mobile in $1.35 billion deal; Ryan Reynolds to stay on.

Does Mint keep coming back?

Mint is frost tolerant. It usually dies back in the winter but comes back in spring. Because mint tends to take over, many gardeners plant mint in a small pot and then plant that pot in the ground or inside a larger container.

Is Credit Karma a sham?

We're not a scam. You can rest assured Credit Karma has your back. We're a personal finance company that wants to help you better understand your financial situation and help you learn ways you can save money. We offer free credit reports, free credit scores, free credit monitoring and identity monitoring.

Does using Mint affect credit score?

Does Mint hurt your credit score? No. Mint's free TransUnion VantageScore credit score feature, which allows you to check your credit score anytime, doesn't affect your credit rating. However, you'll need to provide your Social Security number to access this feature.

What is Credit Karma in trouble for?

In September 2022, the FTC announced an enforcement action against Credit Karma, alleging that the company used claims that consumers were “pre-approved” for a credit card or had “90% odds” of approval to entice them to apply for offers that, in many instances, they did not qualify for.

Is Ryan Reynolds a billionaire?

Ryan Reynolds has gone from a little known actor to a billionaire movie star. Companies he co-owns or has sold are valued at over $14 billion. Who wouldn't want to follow his footsteps.

How much did Ryan Reynolds make from Mint Mobile sell?

Find: 3 Things You Must Do When Your Savings Reach $50,000

However, according to Benzinga, he recently raked in a cool $300 million with the sale of Mint Mobile to cell phone giant T-Mobile. Reynolds owned a 25% stake in the company, which sold for $1.35 billion, CNBC confirmed.

How is Mint Mobile doing financially?

Mint offers some of the country's lowest priced mobile plans, starting at $15 a month for 4 gigabytes of wireless data. The companies didn't disclose Mint's subscriber count. Its annual subscriber growth over the past four years has been 50%, and revenue growth has been 70% or more a year, Glickman said.

Is there a better financial app than mint?

Quicken offers a more in-depth budget forecast that projects where your money goes based on your income, current transactions, and expenses. While Mint did have a breakdown of how much money you'd have left over after your spending, Quicken takes a more thorough approach.

What is better than mint?

Here are seven of the best budgeting apps to explore if you prioritize an app that lets you make a monthly or categorized budget.
  • Honeydue. Honeydue App. ...
  • Monarch Money. Monarch Money. ...
  • PocketGuard. PocketGuard App. ...
  • Quicken Simplifi. Quicken Simplifi - A Mint Alternative. ...
  • Rocket Money. Rocket Money. ...
  • YNAB. YNAB App. ...
  • Zeta. Zeta.

Who should not use mint?

However, if your symptoms of indigestion are related to a condition called gastroesophageal reflux disease or GERD, you should not use peppermint (see "Precautions" section).