Mint, the popular budgeting app under the Intuit umbrella, is set to shut down, leaving users with the prospect of transitioning to Credit Karma. Intuit’s announcement on Tuesday revealed that Mint’s services will be absorbed into Credit Karma, and the official termination is slated for January 1, 2024, as reported by Bloomberg. However, the fate of Mint’s renowned budgeting features within Credit Karma remains uncertain.

Intuit acquired Mint back in 2009, providing users with a free platform to track budgets, manage expenses, negotiate bills, and keep an eye on subscriptions. The current plan involves encouraging Mint users to migrate to Credit Karma, a service acquired by the company in 2020.

Credit Karma does offer similar functionalities, such as transaction monitoring, expense tracking, financial account aggregation, and credit monitoring. However, it lacks the specific budget tracking tool that many Mint users rely on, and it remains to be seen whether Credit Karma will incorporate this feature.

On a support page hosted on Credit Karma’s website, Intuit mentions that the new Credit Karma experience does not include the ability to set monthly and category budgets. Instead, it provides a simplified method for users to become more aware of their spending habits and keep track of their savings.

Earlier this year, Credit Karma incorporated one of Mint’s key features by allowing users to monitor their net worth. According to Intuit, Mint users can transfer their accounts by logging into Credit Karma through the Mint app. After this transition, users will no longer be able to access their Mint profiles. If users are unwilling to move to Credit Karma, they have the option to download and delete their Mint data.

Emily Donahue, a spokesperson for Credit Karma, expressed excitement about welcoming all Intuit Mint users to Credit Karma. She stated, “We are giving Mint users ample time to prepare for this change, before their access to Mint ends.”

This transition has been underway for some time, with Mint users on Reddit reporting prompts to migrate to Credit Karma over the past few weeks. As of 2021, Mint had 3.6 million monthly active users, but development had slowed in recent years, with the most recent updates including new categorization features and the ability to connect the Apple Card to Mint, as per Bloomberg reports.