I Was Shocked After Migrating from Mint to Credit score Karma

Close to the tip of 2023, Mint introduced that they have been closing up store by March of 2024.

For years, I’d used Mint in my early to mid-twenties to assist me handle spending. Budgeting is a key part of accountable cash administration and Mint made it tremendous straightforward.

Over time, I centered extra on investing and wealth constructing (however nonetheless maintaining a finances, simply not spending as a lot time on it) and turned to different instruments as I “matured” financially.

I used to be nonetheless shocked after I obtained the e-mail that Mint determined to close down and migrate people over to Credit score Karma.

I’ve lengthy been a fan of Credit score Karma as a result of they provided legitimately free credit score scores. You’ll be able to to take care of the commercials however I used to be OK with that, corporations have to generate income to allow them to proceed to supply free services and products. It’s how Mint stored the lights on… till, I suppose, it wasn’t doing properly sufficient.

The massive query for a lot of customers was the place would they go? Mint instructed Credit score Karma, their sister model/firm, however I used to be slightly skeptical. Since Mint was based and bought by Intuit, a whole lot of Mint options can be found.

You could have a whole lot of choices.

However one choice that must be thought-about is making that migration. If it’s seamless and presents the identical companies as Mint, it looks as if a no brainer particularly since Credit score Karma is free.

I lastly obtained the e-mail from Mint that I can now migrate to Credit score Karma – and it was fairly straightforward.

The way to Migrate from Mint to Credit score Karma

You’ll be able to’t migrate till you get an e mail (or log into your account and see the choice) from Intuit.

I obtained an e mail with the SUBJECT: Now you can transfer your Mint historical past to Credit score Karma.

First issues first, DOWNLOAD YOUR TRANSACTIONS! (listed here are the directions)

When you migrate, they shut down your Mint account and you’ll not get entry to it. You need to obtain your transactions in case Credit score Karma isn’t a great match and also you need to import that information to a different app.

Subsequent, click on the orange button within the e mail and also you’ll get prompted to log into Credit score Karma.

Click on this apparent button:

When you click on, you’ll be proven a modal pop up with what you’ll get and one other, small, warning that after you migrate, you lose Mint perpetually. Click on with trepidation. 🙂

You’ll be prompted to log into Credit score Karma:

And in a couple of minutes, growth you get this blissful display screen:

Mint Options in Credit score Karma

I might not go so far as to name Credit score Karma a budgeting software.

As of December twenty second, I don’t see many Mint options inside Credit score Karma (outdoors of what existed earlier than the Mint closure announcement). You just about simply have the Web Price instruments that Credit score Karma introduced earlier in 2023.

There’s some very mild budgeting instruments, like categorization of your spending and a have a look at money circulate, however it’s fairly fundamental stuff proper now.

For instance, right here’s what they present as my “December high spending:”

You’ll be able to click on by to “Buying” and see an inventory of my bills:

You’ll be able to edit the expense and alter the class to one among 26 different classes, however that’s it. You’ll be able to’t cut up something, so that you that cost on the gasoline station is all gasoline, even in the event you spent slightly within the meals mart.

You’ll be able to’t rename or add expense classes. You’ll be able to’t rename the expense to one thing extra readable both, it’s simply no matter seems on the bank card assertion.

Credit score Karma is Not Mint (But?)

It’s nonetheless early (Mint doesn’t shut down till March 2024) however don’t migrate to Credit score Karma in the event you assume it’s going to provide the Mint expertise.

It’s not.

It’s very very removed from Mint and so in the event you migrate now, you may be in for a shock.

I feel it is going to take a couple of months for numerous options to get pulled into Mint (if Intuit is severe about Credit score Karma being a Mint successor) but when that is its remaining type, you’ll want to look elsewhere.

Mint Alternate options

In the event you don’t need to wait or need to get a head begin, listed here are some good Mint options. You’ll be able to at all times migrate later and most of the options are providing promotions for Mint escapees.

In the event you’ve graduated from budgeting, my vote goes to Empower Private Dashboard (previously Private Capital) as a result of they provide some mild budgeting instruments (higher than what Credit score Karma presents proper now) however a wealthy suite of funding and wealth constructing instruments. Our Empower overview goes into larger element.

Simplifi by Quicken is similar to Mint and could be one of many extra well-liked choices for these trying to transfer. The massive distinction is that it’s not free, the traditional value is $4 a month however they’re operating promotions proper now for folk making a change. There’s a 30-day a reimbursement assure so you may attempt it out to see if it really works for you.